Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-05-15
SOME NEW LAWS.
Acts of the s8th Assembly Of Interest TO
the People.

sA' az ''utIIJlIhlil dIil TetIul0ili
m voluntary assignments for the benefit
m creditors.
M Section THAT hereafter every yout
m tary assignment of lands, tencmonts
m goods, chattels, and credits, made by
!" debtor to any person in trust for tn
!" benefit OF his creditors, shall be for tn
n benefit OF all the creditors OF the assignC
" IN proportion to their respective claims
except as hereinafter provided and ever
n such assignment shall be proved o
- acknowledged and certified and recOrde,
, IN the same manner as is prescribed b
\ law IN cases wherein real estate is con
=, yeyed.
Sec. lit shall be the duty OF the as
! sllgnee, within ten days after the eXccu
, ton and delivery Of the deed of assign
ment, TO file in the office Of the clerk O
the district court OF the county in which
the asslgnor, Or if there be more than one
in which any OF them shall reside, unless
longer time be allowed by the Judge Of tho
court for good cause shown, an inventory
OF the property, effects and things us
signed.
Sec. 3.-The inventory shall he &C.
companied with an affidavit by the as.
| "i6heo1 tlit'V tlio sunni IS iulI ana COM
plete inventory OF all such property,
effects and things, as far as the same has
come to his knowledge
Sec. At shall be the duty OF the dis
trict court, or the Judge thereof in vaca-
ton, in whose clerks office such inyen-
tory may be filed, to appoint two Or more
dlslnterested and competent persons to
appralse the property, effects and things
so lnVentorled.
Sec o'-lhe appraisers, having first
taken an oath OF affirmation before some
person having authority to administer
ocaths to discharge their duties with tidel-
lty, shall forthwith proceed to make such
appralsement'
Sec: 6.-lhe appraisers shall file the
appralsement and their oath OF office in
the office OF the clerk Of the district court
within live days a1terthey shall have COM
pleted the same.
Sec: 1.-THE appraisers shall receive 81
per day Tor their necessary attendance
ana services:
sec. S.~-ll, alter making the tlrstinven-
tory, any other property, effects or things
conveyed ythe deed OF assignment, shall
come to the possession or knowledge OF
the assignee, his duty IN relation thereto,
ana the duty OF the court or judge and the
appraisers, shall be the same as required
OF them by the preceding section of this
act.
sec. 9'-lhe assignee, his agent or at
torney, at the time OF the execution and
delivery OF the deed OF assignment, shall
make statement IN writing, verified by
affidavit, setting forth the general nature .
and full value OF the estate and effects as
signed, which statement shall DO filed .
with the deed OF assignment for record
and the assignee shall, within five days
after the filing of such statement, give .
bond with at least two good and sufficient
securities to be approved by the court, or
Judge or clerk thereof in vacation, in
double the amount OF the estate and effects,
when appraised, shall be greater than the
value given in such q statement, or il the
securities in such should in any way be-
come impaired or insufficient, give another
bond with at least two good and sufficient
securities to be approved in like manner,
n double the value Of the estate and effects
Sec. 10.-Tho bond shall be taken in
he name Of the territory Of New Mexico,
md the conditions shall be as follows;
The conditions OF this obligation are such
hat if the above bound assignee Of ..
$3.50, shall in all things discharge his
luty as assignee. ......,..... aforesaid,
md faithfully execute the trust confded
o him, then the above obligation to be
'oid, otherwise to remain in full force.
Sec. 1.-THE bond shall be filed in the
ffice OF the clerk of the court in which
he inventory is filed, and shall be by the
Jerk recorded in book kept by him for
UGH purpose, and labeled assignments" To-
nd presented, if taken by him in vaca-
ion, to the district court at its next regu-
ar term. A certified copy Of such bond,
eed of assignment, statement and in
entory shall also be filed for record in
he Office of the probate clerk and eX-
flicio recorder Of the same county. as
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