Page:United States Statutes at Large Volume 47 Part 1.djvu/1491

 72d CONGRESS. SESS. II. CHS. 203, 204. MARCH 3, 1933 . 1467 The appro priation of $5,000,000 for construction and improvement National forest high- of national forest highways contained in the Act entitled "An Act wa ys con . to relieve destituti on, to broaden the l ending powers of the Recon- `Ante, p. 717. struction Finance Corporation, and to create employment by provid- ing for and expediting a public-works program,' approved July 21, 1932, is hereby continued available during the fiscal year 1934 . Total, Department of Agricu lture, $100,209,091 . Approved, March 3, 1933 . [C HAPTER 204 .1 AN ACT March 3, 1933 . To amend an Act entitled "An Act to establish a uniform system of bankruptcy 	[13. R.14359 .] throughout the United States," approved July 1, 18 98, and Act s amendato ry [Public, No . 420 .] thereof and supplementary thereto . Be it enacted by the Senate and House of Representatives of the United States o f America in Congress assembled, That the Act of July 1, 1898, entitled "An Act to establish a uniform system of bank- ruptcy throughout the United States," as amended by the Acts of Febr uary 5, 1903, June 1 5, 1906, June 25, 19 10, March 2, 1917, J an- uary 7,1922, May 27,1926, and February 11, 1932 be, and it is hereby, amen ded by adding theret o a new chapter to r ead as follows "CHAPTER VIII Bankruptcy Act, July 1, 1898 ; amend- ments. Vol. 30, pp. 544-566 ; Vol. 32, p. 797; Vol. 34, 267; Vol. 36, P. 838; al .39, p.999; Vol. 42, p.354; Vol. 44, p. 662. Ante, p. 47. " PROVISIONS FOR THE RELIEF OF DEBTORS Provisions for relief of debt ors . " SEC. 73. ADDITIONAL JURISDICTION .-In addition to the jurisdic- C of pankrup , tion exercised in voluntary and involuntary proceedings to adjudge SA ofo'zsp.125-i128~- pe rsons bank rupt, cour ts of bank ruptcy sha ll exercis e original juris- ti on. diction in proceedings for the relief of debtors, as provided in sections Peat, pp. 1410, 1474 . 74, 75, and 77 of this Act. " SEC. 74. COMPOSITIONS AND EXTENSIONS.- (a) Any person except- to • ,ns cettionsandea- ing a corporat ion may fi le a petit ion, or, i n an invol untary pro ceeding tin h~may file peti- before adjudication, an ans wer within the time limited by section c epted . 18 (b) of this Act, accompanied in either case, unless further time is Vol. 30, p . 551. granted, by his schedules, stating that he is insolvent or unable to meet his debts as they mature, and that he desires to effect a compo- sition or an extension of time to pay his debts . The term `debt' for "Debt," construed . the purposes o f an exten sion propo sal under this secti on shall i nclude all claims of whatever character against the debtor or his property, including a claim for future re nt, whether or not s uch claims would otherwise constitute provable claims under this Act . Upon the filing tit onp rooe, etc .,of pa. of such a petition or answer the judge shall enter an order either mat, p. 1470. approving it as properly filed under this section, if satisfied that such petition or answer complies wit h this section and h as been filed in good faith, or dismissing it. If such petition or answer is approved, an order of adjudication shall not be entered excep t as provided in subdi vision (1) of this s ection : Provided, however, That in staying r 4icional stay, in. the action for adjudication in an involuntary proceeding the court voluntary adludloa . shall make such stay conditiona l upon such terms fo r the protection tion. and indemnity against loss by the estate as may be proper, and that in any other proceeding under this section the court may, as the creditors at the first meeting may direct, impose similar terms as a condition of delaying th e appointment of a t rustee and the liqui dation of the estate. Any person by or against whom a petition is filed shall be referred to in the proceedings under this section as ` debtor.' The term `creditor ' shall include for the purposes of an e xtension pro- posal under this section all holders of claims of whatever character Oth er procee dings. Terms construed. "D ebto r." "Credi tor."