The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1867-03-27

prom oted theTeoy, ~ sua" So"u."te"s @~s@S
and upon the. executisab aud filing by or on
behalfof thxee lourths in salas.of all the
creditors whose claims have bsen,proyed Of
1 consent that the estate Of ths bankrupt be
wound up and setled ~ said,rustees nc
cording 10. The terms o{ such rysalut'pns she
bankrupt, ofhs assignee inhaakraptcy ii
appointed, as the case may be, shall, un.
der the direction OF the court. and under
cath, ,coasey, -.raasleruaad- dei.sef sall.'.ae.
property aud estate OF the bankrupt ~ the
said trustee or trustees, who shalt, upon
Such conveyance and transfer, have and
huld die sasa in the.same manner, and with
lie same powers spd rights. ia. All RESPECTS.
as tina bankrupt would have had or held The
same .ifno proceedings in bankruptcy had
been taken. ior as the assigneeein bankrupt
CIV would have done had such resolutisnnot
been passed; and such consept and the pro-.
ceedings thereander shall be a. biading IN
All respects on any creditor whose debts are
provable, who has not. signed. the same. as
ii he had signed III, and on any c,editof
whose debt, IL provable, ia not Psused. as
iEhe, had proved it; and the court, by order,
shall direct all acts and things needial toOe'
done 10 carry into effect such resolution Ut
the credllpts, and The sa!J rsssees sha'f
n-preed.i 10, wind up and settle cue estate
under the directioh aud inspection oil such
committee of the creditors, Tor the equal De-!
ne6t Of all such creditors, aud the winding
Nm and settlement OF any estate under the
pfoyisions of this section shall be deemed
10 be proceedings IN bankruptcy under th's
act and the SAID trustees shall have all the
rights and powers Of assigneesln bankrupt.
Tae court, On the application OF such trus'
tees, shall have power TO summon and. ef..
anime. on oath or otherwise, the bankrupt
CT, aud, aus creditor, and any person 1n-
debted 10 the estate, or kHown or suspect
def having any Of the estate IN ms pos
SESSION, or ADV UtheT person whose exami-
nation may be material or necessary 70, aid
The trustees IN the execution OF their trust,
and 20 compel the attendance Of such per-
.ras and the production OF books asia pa
l-ers a.. I've same manner as IN osaer pcO-
ca.d,ng in bankruptcy under this act; and
Inc baokrapt shall have Tie like nght TO ap-
ply for and obtain discharge alter the pas
sage OF such resofution aid the appoint
.lent or such trustees az ii suoa resolution
had not been passed, and as II oil The pro-
ceedings had een;inued in the sane manner
provided 10 the preceding sections oil this
acl. II The resolution shalt not be dal y re-
ported, or the consent OF the creditors shall
isot be daily EIed, or if, upon its ding the
soprt shall not think 6tts approve thereof,
the bankruptcy stall proceed a. i no reso-
luton mad passed, and the court may make
ali necessary orders for resuniss the pre-
eeedIngs, and the period OF tine winch
SHALL nave elapsed between the date OF the
resolution and the ss,e Of the order for as
samius proceeding shsll not he reckoned
Il calculating periods y time prescribed ~
this act.
Sectiun a provides that from and after
Ire passage Of this act, II any debtor or
bankrupt Shall. after ;be commencement oil
proceedings 10 bankruptcy, seereis OF con-
cal an, property belonging 10 his estate
or part with, conceal, or destroy, alter, mn
tiiate, crIals,fy, o. cause u. be csncealed
DESTROYED, altered, .Eutnated, Or tslsihed
aay book, deed, document, Or writing re
laiing thereto. or remoye u. cause 10 be re
rneyed the same or any part thereof, oat'o
me dlstsict, Or otherwise dispose Of an,
par. yhefed. with intent 10 prevent u Icon
coming into the possession ot the assigned
in Bankruptcy, or TO hinder, impedc % de
isy either o. them 10 recovering or receiv
ink me same, or make any payment, gill
ssfe. Assignment. transfer srcoossyance 9
any property belonging 10 lris estate Wit
the iike intent. or speHd any part fhereol =
gaining or shall, with Inject 30 deiraud
wRluily,pr fraudulently conceal iron his a.
signee, or omit from his schedule, any pro
pefty or.efecls Whatsoever or II. IN case .
any person having. 10 his knusledge Or be
lief, proved false Or hctItlos. debt sgains
hi. eslate. he shall fail 10 Disclose the sam
to hts assignee wi,hia one month alter CON
ing 70 the knewiedge or belief thereof 0