Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1890-08-29
fas TuxKky bAxksuFr ANA.

Sysspsis ~ @ lupsrsaas neonr,,
Wesch b AAsas q bsesne 4 LnW.
Following are the provisions OF the
Tosssy B.nkrups bill, which i ao~
,. foss the Umsed States Ssnss~ 70.
Aets.n: Il
Unst d Sat : District Cou,,s have,
orsg"si ,suicti,n, hut tA,e courts
may ~ oousrovsss,ss Involving prop.
sssy. ssss
hefsrees are 20 be sppoins~tl sod
<h''r tsesitcrv assigned by Cis.,.,e
Cousts 1t = time whea the Dissrice
Ju''gee u ON the bench.
Trustees viii be appoi.tsd By ~
cr~ditors. a.r
TIE referee shall cause On esped;.
ttous and economical ADMINISTRATORS.
of the estate. and setura the records
into court.
Tho trustee shah reduce the estate
to cash aud d,ssstt,ute IN dividends to
the creditors, ~ s.n,n % lx,.siLle.
A ten dollar fee shalt l,e ps,d v hen
the petition 10 fited. The government
shall receive ono per cen,um On d,vi
d-alds paid ny estates, x0d .h~lf thu,
amount on ssno~nts paid in compost.
ton.
Tse trustee shall receive lsom the
cstste i've per centum of che first
$5VOO paid out in div,d. mis-, two u. :
centum Oh the second 35tN}0, end one
per ce"t"m o.. sddi,innsl amount.
The referee shall s~.,~,ve not T., *.
cecil $luOU ps.r Annum. aud tn.tol.
isr fee n, zach case. Both smuunts.
sov+th~r with his -xp~,s+s, are u Dr.
paid by the government.
The "umher of referees shall he
one for each Judicial district and sucI
additional mambrr ~ may he neces.
sAry to exp~diti"usiy TRANSACT, the hus
mess Ut tho court, not to exceed $50
Acts Of bankruptcy shall consist u
"ith'n six months h~fore the filing
Of y petition ia bankruptcv) conceal.
ment to avoid tie service of 4 civil
process; removal Of property to pre-.
vent ia, bang Levied upon; departure
or abse'.ce with intent to defl~ud or
delay creditors; failure for th,rty .iays
t. .. cure tho release Of properly lew
led upon; making conve, ance with
intent 70 defrsud ur delay creditors;
making = writ. n declaration of insol.
veacs,; making m assignment; pro-
curing Y judgment OF suffering .
judgment with intent, to d.frxu.l or
aeIay creditors; suffering an execu.
,i"n IT, he returned unsatisiie'; sus.
pending and not resuming psym-,,,
Of commercial paper for ~ days; vol
a"tarily pe,it'oni"g to be adjudg-d
bankrupt; making conveyance m
property to be taken while
fur the purpose ut giving
preference: or dealing in options
while i"solv-nt.
A person who ow-s $500, except .
national bank or municipal corpora.
ton may become = voluntary bank
rupt.
A person who owes $500, excep, q
bank or ,nu,,icipai, charitable,
or religious ass.,cist ton, or u wage
worker may become an involuntary
bankrupt.
Compositions may he confirmed
after hut not bstore the bankrupt has
been examined in open court or ut =
of the creditors and after sh-
fling Vt the schedule and list of cred.
l,ors. TIE court will not confirm th-
unless it is for tt,~ best
interest Of al the creditors and unless
the bankrupt has not been guilty
Of any acts which would dehar
his discharge. They will b. set aside
WITHIN SIX mouths after bring msde in
the event fraud was prsctised upon
th- hearing for confirmation.
A discharge shall be grant d to n
perso,', not corporation, when up
piled for after two AID within SIX
months after the adjudication, unless
il appears that the bankrupt has failed
10 keep proper hooks VI account;
felony; committed per
jury; failed to act in good faith;
given = preference which has lot
been surrendered; knowingly made =
'alse stat -rnent t. acre credit:
brib-d any officer or creditor; tr~udu-
-nl. transferred prop rty hi,'h has
not been surrendered; or neglected
Ms duties rs bankrupt. The dis.
harge will bs set ssid. within two
years upon proof that it was frsudu-
estly obtained.
The exemptions OF . bankrupt shall
he the same ~ are provided os the
avs of the State il which the proceed
nes are 3,endinx ut the time Of the
iling Of the petition E
Preferred rrsdisnrs are those who
nave Within four months before the
ili"R o' . pe'iti'ion procured property
rom All in.olv+nt with intet I t. defeat
he operations If CHS act; to obtsin n