Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-11-11
LAWS OF rHE UNITED s,lrrs.

made In good aith. upon q security taken in good
~ y 'nr ose.non ofthe mailing Of such loan.
March second. eighteen hundred and ,isty.ssvsn,
BE- amended 20 "a 10 read a. foliows:
dsbs.' !: q sssr rsss .s ssJ pv sss, ,s.'dln.; and wing ~:
.et. shall depart nom the State, District, OF Terri.
tory % which he 10 an inhabitani, with Intent 70 De.
such Intent, remain shsent, OF shail conceal him.
Ton for the recovery ola debt o. demand pfovsbie
his property TO avoid It's being attached, taken. OF
sequestefed on legal process; or shall make any as
nsnment. gu, sale. conveyance. OF transfer Of bis
United slsiss o. siss~Ssre. with inisnt 70 delay.
deffand, OF hinder his creditors or who has been
mssne process o. execution, i.sasd GU, q any eouf.
olthe United States, or of any State, District. Ter
ntory, within which such debtor resides or has prop
against q bsnkrupts estate under this sc., and for q
sum not exeeeding one hundred dollars, aud such
process 70 remaining In force and not dlscharre BY
payment. or In any other manner provided by the
law OF the United States OF Of such State. District,
OF Territory. applicable thereto, for q period OF
twenty days. OF h.. bern actually impri,oned for
contract for The sum Of one hundred dollars or up
wani; or who, being bankrupt or i~nsolyent, or IN
sSns.s. .Ss pssn % eas ain, psy,. OF ~. ,ns son,;. shall
OF credits. or confess Jaisu,eni. OF sivs any warrant
/ W uult- luNNuiHuts VI DIVtuft n1 pTuDfTY 10 Ia
taken on legal process, With Intent To give prefer.
ence TO one or more Of his creditorr, or 10 any per-
sen or per.on. wha are OF uiay he liable for him as
i~Diorsera. ball, ~surrties, OF otherwise. or with the
intent, by such disposition Of his property. 10 defeat
or delay the operation Of this act; OF who. being
,srst.. Or oSn miner o Sss ft.a nasisniS', ., %ssss' b msn,1s.
OF who, being q bank, banker. broker. merchant,
trader, manufactures. % miner. has q ppcior sus
offorty days, Of his commercial paper. in,sde or
passed IN the course % bis busziless a. SUCH. 90
who. being q espk, az hankrr, shall hli for fOrty
lawfully made. shall be deemed to have committed
an act of BANKRUPTCY. and subjects To the conditions
hereinafter prescribed, shall DO adjudged q bank.
npt on the petition sfone or mare of hi. ~ereiiiors,
who shall constitute one.fourih therroL at least, IN
nnnitrr. aud the agrresate Of Whose debts proya.
the d,bts 90 proyabie: ~lroyid~i. That such petition
ID brought Within sx months alter sueh set Of bank.
RIPLEY shan have ee.n e,mmll,rd And The pro,
compulsory OF Involuntary bankruptcy commenced
sinee .the hrst day Of December, eighteen hundred
ss,, as well as those Commenced Seresnsr. lie eoari
hall, " such allegation az TO the number or amount
Of petiticnine ereiitors be denied BY the debtor. by
TO ne In court forthwith fuli list of his creditors.
with their places Of Residence and the sums due
them r,ipeSii,sly, aud snaIl a%sss,.s.n, upon rss.on.
number or une. third Ia anipuri thereof as afore-
aii, have p.il!leped that the debtor be ~sdIaigci q
bankrupt. But " such debtor shall. on the nling of
the petition, admit In writing that the requisite
numher and aIount o. creditor. have petltlonei.
the court ~ satisfied that the admission was made
In good aiih) shall 90 aaJuige. which Judgment
shall be fnal. ani the matter proceed without nr-
ther STEPS on that subject. AMI u Il shall appear
l Ian,l iu 4. s nS%S .s, sId ,I sa1un, haSs int, r.. so Sd ss.,..
~ceeding. IN cases heretofore commenced. Twenty
days, and In cases hereafter commenced. ten days.
i nsn'" AMI mir Il :. S' ,Ss expiration s,sS1 ! m oP . sS'S I'm, II .s. 20 & H@t
ted. The number and amount shall comply with the
requirements Of this section. the matter Of bank.
IuulfN NAV Ufeeaals bul ~ Al tha q a plRallan nj
such limited thnr, such number aud amount shall
not answer 10 the requirements Of this section. the
AMER commeneed. with sos,s' ASdi' n such person
shall be ~adIuigei = bankrupt. the assignee may re.
cover back the money or property 50 pail. conveyed
Provided, That The per,on receiving such payment
OF conyeyahce had reasonable cause 10 believe that
the debtor was i%nsolyent. and knew that a fraud ON
shall not. in eases o. actual fraud on his part. be al.
lowed TO prove Tor than q molly Of hs debts; and
this limitation on the proof Of debts shall apply TO
And the petition under thi. section may be sum
cently verified by the oalhs Of the nrst nve siener
sisners ,hsii not reside In the district In which such
PETITION ID 10 be filed. the same may 10 signed aud
verified by the oath or oaths Of the attorney or ct
computing the nuniier q creditors. a. Aforesaid.
who shall loln In such petition, eIeditors whose re-
spectlys debts do not exceed two hundred and my
creditors whose debts exce-d SAID sum oftwo hun.
dred aud my dollars. ar II the requisite number of
creditors holding debts exceeding Two hundred AMI
my dollars fall 10 sign the petition. the creditors
having debts o. Ut. .mouht shall be reeksned Tor
SIC. u. That section forty Of SAID act he amended
BY adding at the end thereof. the following woris:
n. on the rrturl day Of the order 10 show cause
quirenent Of section thirty.nine Of said act As TO
the numh~r and AMI amount OF petlti0nlng credI. |
thor. has been complied with. or u. within the time |
provided Tor In section thirty mine u this act, creii- |
tors sumfleut IN numlFr and amount slall sign |
such p.tiilon NJ a. 10 make = total Of one-fourth In
"umbcr Of 1.-THE c~reditors and one third In the amount
viiri IN said station, the court shall 80 adluigs, |
which Judgment shall 10 dual otherwise u shall
dismiss ihs pforee,nhs., and, Ia cases hereafter
src. u. That section ~forty-one Of said act b. |
Amended as follows; Amer The. wori bankruptcy"
In line eight. strike out all of said section and In |
the court may. In is dlscrrtion. award a venirr a.
len days bsfor. him Tor The thai OF he facts sst
forth IN the petition. Of which time the trial shall
be had. unless adjourned for cause. And unless,
satisfaction Of saId court, OF OF the Jury, as The ease
may be. that the facts set fort IN sid petition ar.
anu mSf; .aii.nsi al isPst upon a' n. 1@s srS,"i Ia a cas-. p ,ss
existence Of sueh liens was the sole ground Of the
proceeding, the proceeding shall 10 dismissed. and
ings in bankruptcy may be discontinued on reason.
able Notice and hearing. with the approval Of the
court, and upon the assent, y writing Of such
W atfN. We tuaH " ulr UNIV w 1
number AMI amounil oL. IN case all thu creditors
and such debtor assent thereto. such disconiinu.
shall be rrmi,isd. In either cale, TO the same rights
and duties existing Al the date of thu Ming Of the
petition for bank ruptey. exeeyt sofar as said estate
Of And the court shall have power 10 make all
neeiml oriers and DEGREES TO carry the foregoing
SIC. IS That section eleven Of said act be amen.
the word inventory In the tweniy.nrsi line; and
sspiins the word. .snd vsiuaiIon" AFTER The 1ori
Inventory In the rteenth line.
SIC. u. That section fDrty.nine Of said act be
line iy,:tGe words 'snpre,ms couri. and Inserting
In lieu thereof district courts" and IN line six, az
Ter The WORT states" inserting the words subject
act"
COMPOSITION WIN cRrpIrons.
src. ". That the following provisions he added
10 section forty-thrce Of said acti That In all cases
Of bankruptcy new pending. or 10 be hereafter
pendlng. By or against any person. whether an ad-
the creditors Of such alleged bankrupt may, al a
meeting called under the direction ofihe court, and
upon not le., than ten days notice TO each known
meeting. snch notice TO be personal or otherwise,
as the court may direct. resolve that q composition
iacilon ofthe debts due 10 them ffon, the debtor.
Aud such resolution shall, 20 he operative. have
hem pas,ed by = majority In numbsr and three.
WI w HSAA' " wv VI ~ NtUlUI \
bled At such meeting either In person or BY proxy,
and shall be confirmed by the signatures thereto ot
the debtor aud two-thlrd In number and one-half
To- value of all the creditors Of the debtor, And IN
calculating . majority for the purpose Of q conipo-
dtiou under this section. creditors whose debts
amount 20 sums not excee,ling my dollars shall be
rtekoned In the majority IN value. but not In the
majority In number; and the value OF the debts OF
secured CREDITOR above the amount or such seen.
rity, TO be determined By the court. shall, as nearly
a. circumstances admit, be estimated IN the same
way. And creditors whose debts ahall be secured
shall not be entitled 10 vote upon or 10 sleu such
= resolution without nnt relinquishing such security
for the benefit OF the estate.
The debtor. unless prevented BY sickness or other
cause satisfactory to such meeting, shall be prr.ent
At the same. and sha ] answer any Inquiries made on
him; and he. or. 10 he II 50 prevented from being al
such meeting, some one IN his behalf, shall produce
10 the meeting q statement showing the whole Of
his assets and debts. and the names ami addresses
the creditors ~ whom such debts respectively
are due,
such resolution iosethsr with the statement OF
the debtor as 10 his assets and debts shall be pre-.
scnted 10 the court; and the court shall, upon mo-
tice to all the creditors OF The debtor Of not iess than
i've days. and npon hearing. Inquire whether such
has been passed In the manner directed |
by this section: aud II satisfied that u has been 90 |
passed. II shall. subject TO the provisions hereinsf. |
Ter contained. and upon being satisfied that The |
same IL Tor the best Interest Of all concerned, cause |
such resolution 10 be recorded and statement on a. |
.ets and debts TO BE- nled; and until such record and |
nlnx shall have TAXED place. such resolution shall !
be Of no validity. And any creditor OF lie debtor
may Inspect such record and statement al ali rea. 2
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