1901_BANKRUPTCY_ORDINANCE__1891 — Page 2

A.D. 1891.]

BANKRUPTCY.

(No. 7.

15

lien on the property of the debtor or any part thereof as a security for a debt due to him from the debtor :

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Special Resolution means a resolution decided by a majority in number and three-fourths in value of the creditors present, person- ally or by proxy, at a meeting of creditors and voting on the resolution:

Suit ” and “Action" are synonymous terms:

The Court" means the Supreme Court:

:

The Trustee means the trustee in bankruptcy of the debtor's estate.

PART I.

PROCEEDINGS FROM ACT OF BANKRUPTCY TO DISCHARGE.

Acts of Bankruptcy.

મ

3. (1.) A debtor commits an act of bankruptcy in each of the Enumeration following cases—

of acts of bankruptcy.

c. 52 s. 4.

(a.) if, in this Colony or elsewhere, he makes a conveyance or 46 & 47 Vict,

assignment of his property to a trustee or trustees for the benefit of his creditors generally; or

(6.) if, in this Colony or elsewhere, he makes a fraudulent con- veyance, gift, delivery, or transfer of his property or of any

part thereof; or

(c.) if, in this Colony or elsewhere, he makes a conveyance or trans- fer of his property or any part thereof or creates any charge thereon which would be void as a fraudulent preference if he were adjudged bankrupt; or

(d) if, with intent to defeat or delay his creditors, he does any of the following things, namely, departs out of this Colony, or, being out of this Colony, remains out of it, or departs from his dwelling house, or otherwise absents himself, or begins to keep house, or removes his property or any part thereof beyond the jurisdiction of the Court; or

Meaning of the word debtor See

Sec: 3 of Ord: Web of 1902:

if execution against him in any proceedings in the Court has 53 & 54 Vict. been levied by seizure of his goods, and the goods have been sold. 71 B. 1.. or held by the Bailiff of the Court for twenty-one days; or

(f) if he files in the Court a declaration of his inability to pay his First

debts or presents a bankruptcy petition against himself; or

Schedule: Form No. 2;

(g) if a creditor has obtained a final judgment against him for Form No. 3;

any amount and, execution thereon not having been stayed, has served on him in this Colony, or by leave of the Court elsewhere, bankruptcy notice under this Ordinance requiring him to pay he judgment debt in accordance with the terms of the judg ment or to secure or compound for it to the satisfaction of the