Page:United States Statutes at Large Volume 47 Part 1.djvu/1112

 1088 S ale of property, etc. Authority for, when SEC. 99 7. WHE N INCOM E FROM WARD 'S E STATE IS INS UFFICIE NT,ƒ Insufficien t income from estate. When the incom e of an estate under guardiansh ip is insufficie nt to maintain the ward and his family or to maintain and educate the ward when a mi nor, or to pay for his care, tr eatment, and sup port, if confined in a hospital for the insane in the Canal Zone , his guardian may sell his real or personal estate, or mortgage the real esta te for that pur pose sub ject to con firm atio n of suc h s ale or m ort- gage by the court. pA pUcation of pr o- SEC. 99 8. APPLICA TION OF PROC EEDS OF SALES .-If the est ate is sold ~ed~ for the purposes mentioned in this subchapter, the guardian must app ly the p roce eds of the sale to such pu rpos es, as far as ne ces sary , and put out the residue, if any, on interest, or invest it in the best manner in his power, until the capital is wanted for the maintenance of the ward and his family, or the education of his children, or for the education of the ward when a minor, in which case the cap ital may be use d for th at purp ose, as far as may be n eces sary , in like manner as if it had been personal estate of the ward. Investment O f. S EC. 999. INVESTMENT OF PROCEEDS OF SALES .-If the estate is s old for the pur po se of pu tti ng out or investing the proceeds, the guard- ian must make the investment according to his best judgment, or in pursuance of any ord er that may be mae by the court. Sales to conform to S EC. 1000. SALTS OF P ROPERT Y TO CONFOR M TO LAW GO VERNIN G tow governing exec,,- FxFCUTORS .-All the proceedings by guardians concerning sales of Ante.,pp.1022-1076. property of th eir wards, givi ng notice of sal e, reselling the same property, retu rn of sale and application for confirmation the reof, notice and hea ring of such ap plication, makin g orders rejecti ng or confirming sal es and reports of sales, orderi ng and making co nvey- ances of property sold, allowance of commissions, accounting and settlement of accounts, must be had and mad e as required by the provisions of chapters 23 to 35 of this code concerning estat es of decedents, unless otherwise specially provided in th is chapter. All known relatives of the ward within the third degree residing in the Cana l Z one whos e ad dres ses are kno wn to the g uard ian shal l within two day s after filing of the return of sa le be served by ma il with a brief notice of the time set for hearing of the return. Proceedings in sale of SEC. 1001 . PROCEEDINGS FOR COMPLETION OF SALES B Y GU ARDI ANS : real property. All proceedings for the completion of contracts for the sal e of real Ante, pp. 1056-1057 . estate by guardians must be had and made as required by the pro- visions of chapters 23 to 35 of this code concerning the conveyance of r eal est ate by executors and ad mini stra tor s un der sect ion s 841 to 851, and said sections are hereby made applicable to conveyances Peaf, p.1091. by guardians as provided by section 1021 . Investment of money SEc. 1002. COURT MAY ORDER THE INVESTMENT OF MONEY OF THE by order of court. WARD .-The court, on the application of a guardian, or any person interested in the estate of any ward, after s uch notice to pe rsons interested therein as the court shall direct, may authorize and require the guardian to invest the proceeds of sales, and any other of his ward's money in his hands, in any manner mo st to the interest of all concern ed therein, and the court may m ake such other o rders and give such directions as are needful for the management, invest- ment, and disposition of the estate and effects as circumstances Non resi dent gua rd- requ ire . fans and wards. NONR ESI DENT GUA RDI ANS AND WAR DS Appointment of. 72d CQNGRESS. S ESS. II. CA. 127. FEBRUARY 27, 1933. SALE O F PROPERTY AND DISPOSITION OF THE PROCEEDS SEC. 1003. GUARDIANS O F NON RESIDENT PERSON S. --T he district court may app oi nt a guardian of the person and estate, or either, of a minor, insane, or incompetent pe rso n, who has no guardian within