Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1867-08-17

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all pxyments ior = ~Aich vauchsn sh<l be
required by ans rui. 0f the court. h~
shall also submi; the schedule of The bznk-
rup,'s cFediiors and property ss snead<a.
duly verified by the bankrupt; and date.
meat Of the whole estate OF the bankxupe
as then ascertaincd, Of the property r~cov-
cred end Of the property outstanding. speci-
flying the cause Of its being outstanding.
also, what debts or claim are yet andetsss
mined, and stating what sum remains IN
his hands. At such meeting the majority
in value of tho creditors present shall de-
termiue whether any and what part Of the
Net proceeds Of the estate, aftcr deducting
and retaining a sum sufficient to provide
for all undermined claims which, by rea-,
son Of the distant re sid ncc of the creditors.
or for other sufficient reason, have not been
proved, and for other expenses and contin-
gencies, shall b. divided among the credi-.
tors but unless at least one half in value
of the creditors shall attend such meeting,
either in person or by attorney, it shall Be
the duty OF the assignee so TO determine.
In case dividend it ordered, the register
shall, within ten days after such meeting.
prepare list of creditors entitled to diyi-
dend, and shall calculate and set opposite
to The name of each creditor who has pro-
vided his claim the dividend to which he
is entitled out of the net proceeds of the
estate set apart for dividend, and shall for
ward by mail to every creditor statement
of the dividend to which he is entitled and,
such creditor shall be paid by the assignee
in such manner as the court may direct. IT.
Sec. %. And be IL jmtzcr enacted, That
the like proceedings shall be had at the
expiration of The next three months, of
earlier, if practicable, aud a third meeting
Of the creditors shall then he called by the
co rt, and q final dividend then declared.
unless any action at law or suit in equity
be pending or unless some other estate or
effects Of the dettar afterwards come 70
the hands of the assignee, in which case
tie assignee shall, so soon as may b., cot1-
vert, such estate or effects into money, and
within two months after the same shall Be-
so converted. the same shall be divided IN
manner aforesaid. Further dividends shah
be made in like manner as often AZ occa-
sion requires and alte, the third meeting
Of creditors 10 further meeiihgf shall be
called. unless by the court. If at any
time there shall be in the hands of the as-
signep any outstanding debts or property.
due or be'ouging to the .te, which. cam
not bs collected and received by the as.
signee without unreasonable or iacohSen-
lent delay or exp'n nse. the assignee may,
under the direction of the court, %.
sign such debts or other property in such
manner as the court shall order. No divi-
dpnd already declared shall be disturbed
bv reason Of debts being subse ,usntly
pr wed. but the creditors proving such
debts shall be entitled to dividend equal
to those already received BY the credilas
before any further payment is made to tho
latter. Preparatory TO the iinal dividend.
the assignee shall submit his account 10
the court and iile The same, and noeiee 10
the creditors Of such Cling. ard sLan alse
give notice that hs wii spply ies sssals-
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