Page:United States Statutes at Large Volume 31.djvu/527

 FIFTY-SIXTH CONGRESS. Sess. I. Ch. 786. 1900. 475 Sec. 902. Every ardian a ointed under the rovisions of this P°Y’¤°¤° °* debts chapter shall pay allgilxst debtsldpue from his ward ogt of his personal hli¤i$¢l¤il°m°°t °f °°` estate, if sumcient, and if not, out of his real estate, upon obtaining a . license for the sale thereof, as provided by law; he shall also settle all accounts of the ward, and demand, sue for, and receive all debts due to him, or may, with the approbation of the commissioner, compound for the same, and give a discharge to the debtor upon receivin a fair. . and just dividend of his estate and effects, and he shall appear for and represent his ward in all legal actions and proceedings, unless when another person is appointed for that purpose as guardian or next friend. Sec. 903. The guardian shall also manage the estate of his ward W§{ggg$w¤¤e¤¤ ef frugally and without waste, and apply the income and proits thereof, ' so far as may be necessary, for the comfortable and suitable maintenance and support of the ward and his family, if there be any; and if the income an profits be insufficient for that purpose, the guardian may sell the rea estate, upon obtaining a license therefor as provided by aw, and shall apply the proceeds of such sale, so far as may be necessary, for the maintenance and support of the ward and his family. Sec. 904. - Upon the taking of any inventory, as required by this ,,,{,’§,‘§,_$“,§}"{h§“,$,,?,l{, chapter, the estate and effects comprised therein shall be appraised by eetetethree suitable persons, to be appointed and swornin like manner as 1S required with respect to the inventory of a deceased testator or intestate; and every gluardian shall account for and dispose of the personal estate of his war in like manner as is directed with respect to executors and administrators. Sec. 905. Commissioners in their respective precincts, on·the appli- ,,,’§.‘é,‘“,,}€,‘§,“§°§§ p§;§‘,f cation of a guardian or any person interested in the estate of any ward, erwafter notice to all other persons interested, ma authorize or- require the guardian to sell `and transfer any stock in the public funds, or in any `bank, insurance company, or other corporation, or any other personal estate or eEects he d by him as guardian, and invest the .proceeds of such sale, and also all of the moneys in his hands, in real estate, or in any other manner that shall be most for the interest of all concerned therein; and such commissioner may make such further order and give such directions as the case may require for managing, inve%ing, and disposing of the estate and eifects in the hands 0 the r 1an. gugno. 906. When any guardian appointed either by a testator or by t,Re¤}<>v¤1erire¤i:¤¤- a commissioner shall become insane or otherwise incapable of dis- `°° ° me °°` charging his trust, or be unsuitable therefor, the commissioner, after notice to such guardian and to all others interested, mag remove him; and every guardian, upon his request, may be allowe to resign his trust when it shall appearto. the commissioner proper to allow the ' same, and upon every such resignation or removal, and also upon the deatg of any· guardian, the commissioner shall appoint another in his stea. Sec. 907. The marriage of any female who is under guardianship as wygmese of femeie a minor shall operate as a discharge of her guardian; and the guar ian ' of any insane person or spendthrift may be discharged by the commissioner when it shall appear, on the application of the ward or otherwise, that such guardianship is no longer necessary. · Sec. 908. The commissioner may require a new bond to be given by New b¤¤<1· any guardian, and may discharge the existing sureties from future responsibility, in the like case and upon the like terms as are prescribed with regard to executors or administrators. ‘ Sec. 909. No action shall be maintained against the sureties on any u%g¤i<;¤n¤x¤i¤;{1g;$1e§ bond given by a guardian unless it be commenced within three years bonu. gm from the time when such guardian shall be discharged: P1·0mSdccZ, If at the time of such discharge the person entitled to bring such action