Page:United States Statutes at Large Volume 47 Part 1.djvu/1495

 72d CON GRESS. SESS. II. CH. 204. MARCH 3, 1933 . 1471 Justice. Such compensation and expenses shall be paid out of the Treasury. If the creditors at any time desire supervision over the over costs of farming opera- farming operatio ns of a farmer, the cost of such supervision shal l be tions e borne by such creditors or by the farmer, as may be agreed upon by them, but in no instance shall the farmer be required to pay more than one-half of the cost of such supervision. Nothing con- tained in this section shall prevent a conciliation commissioner who supervises such farming operations from receiving such compensa- Additional fees, etc ., tion therefor as may be so agreed upon. No fees, costs, or other prohibited. charges shall be charged or taxed to any farmer or his creditors by any conciliation commissioner or with respect to any proceeding under this section, except as hereinbefore in this section provided The conciliation commissioner may accept and avail himself of Office space, equip- office space, equipment, and assistance furnished him by other Federal ment, etc. officials, or by any State, county, or other public officials. The General orders by Su- preme Court g overning Sup re me Co urt is authorized to ma ke su ch ge ne ral orders as it administration. may find necessary properly to govern the a&ninistration of the office of conciliation commissioner and proceedings under this sec- ti o n ; but any d istrict court of the United Stat es may, for good cause shown and in the interests of justice, permit any such general order to be waived. Petition by farmer. "(c) At any time within five years after this section takes effect, contents. a petition may be filed by any farmer, stating that the farmer is insolve nt or un able to meet his debts a s they m ature, a nd that it is desirable to effect a composition or an extension of time to pay his debts . The petition or answer of the farmer shall be accom- Procedure panied by his schedules . The petition and answer shall be filed with the court, but shall, on request of the farmer or creditor, be receiv ed by th e concil iation c ommissio ner for the coun ty in wh ich the farmer resides and promptly transmitted by him to the clerk of the court for filing. If any such petition is filed, an order of adjudication shall not be entered except as provided hereinafter in this sect ion . "(d) After the filing of such petition or answer by the farmer, Inventory of estate. the farmer shall, within such time and in such form as the rules provide, file an inventory of his estate. Creditors' meeting. "(e) The conciliation commissioner shall promptly call the first Notice and inclo„ meeting of creditors, stating in the notice that the farmer pro- surer. poses to offer terms of composition or extension, and inclosing with the notice a summary of the inventory, a brief statement of the farmer's indebtedness as shown by the schedules, and a lis t of the names and a ddresses of the secured creditor s and unsecured creditors, Procedure at first with the amounts owing to each as shown by the schedules . A t meeting . the first meeti ng of the creditors the farmer may be exam ined, and the creditors may appoint a committee to submit to the con- ciliation commissioner a supplementary inventory of the farmer's Application for eon- estate . The conciliation commissioner shall after hearing the parties firmatlon after hearing. i n interest, fix a reasonable time within which application for con- firmation shall be made, and may later extend such time for cause shown. After the filing of the petition and prior to the confirma- tion or. other disposition of the composition or extension proposal control over prop. b y the court, the cour t shall exercise such control ov er the property erty. of the farmer as the court deems in the best interests of the farmer and his c reditors. Final inventory . "(f) There shall be prepared by, or under the supervision of, Prepara tion of. the conciliation commissioner a final inventory of the farmer's estate, and in the preparation of such inventory the commissioner shall give due consideration to the inventory filed by the farmer and to any suppleme ntary in ventory filed by a commit tee of t he credi tors.