Page:United States Statutes at Large Volume 52.djvu/896

 .,2 STAT. I 75TH CONG. , 3D SESS.-CH. 575-JUNE 22, 1938 reverse, both in matters of law and in matters of fact: Provided, however, That the jurisdiction upon appeal from a judgment on a verdict rendered by a jury, shall extend to matters of law only: Provided further, That when any order, decree, or judgment involves less than $500, an appeal therefrom may be taken only upon allowance of the appellate court. "b. Such appellate jurisdiction shall be exercised by appeal and in the form and manner of an appeal. "c. The Supreme Court of the United States is hereby vested with jurisdiction to review judgments, decrees, and orders of the Circuit Courts of Appeals of the United States and the United States Circuit Court of Appeals for the District of Columbia in proceedings under this Act in accordance with the provisions of the laws of the United States now in force or such as may hereafter be enacted. "SEC. 25. PRACTICE ON APPEALS.-a . Appeals under this Act to the Circuit Courts of Appeals of the United States and the United States Circuit Court of Appeals for the District of Columbia shall be taken within thirty days after written notice to the aggrieved party of the entry of the judgment, order or decree complained of, proof of which notice shall be filed within five days after service or, if such notice be not served and filed, then within forty days from such entry. "b. Receivers and trustees shall not be required in any case to give bond when they take appeals. "SEC. 26. ARBITRATION or CONTROVERSIES.- a. The receiver or trustee may, pursuant to the direction of the court, submit to arbitration any controversy arising in the settlement of the estate. "b. Three arbitrators shall be chosen by mutual consent, or one by the receiver or trustee, one by the other party to the controversy, and the third by the two so chosen or, if they fail to agree in five days after their appointment, the court shall appoint the third arbitrator. "c. The written finding of the arbitrators or of a majority of them as to the issues presented may be filed in court and shall have like force and effect as the verdict of a jury. "SEC. 27 . COMPROMISES.- The receiver or trustee may, with the approval of the court, compromise any controversy arising in the administration of the estate upon such terms as he may deem for the best interest of the estate. "SEC. 28. DESIGNATION OF NFwSPAPERS.-T he judges of courts of bankruptcy shall by order designate a newspaper published within their respective territorial districts, and in the county in which the bankrupt resides or the major part of his property is situated, in which notices and orders which the court may direct to be published shall be inserted. Any court may in a particular case, for the convenience of parties in interest, designate some additional news- paper in which notices and orders in such case shall be published. "SEC. 29. OFFENSES. -a. A person shall be punished by imprisonment for a period of not to exceed five years or by a fine of not more than $5,000, or both, upon conviction of the offense of having knowingly and( fraudulently appropriated to his own use, embezzled, spent, or unlawfully transferred any property or secreted or destroyed any document belonging to the estate of a bankrupt which came into his charge as trustee, receiver, custodian, marshal, or other officer of the court. "b. A person shall be punished by imprisonment for a period of not to exceed five years or by a fine of not more than $5,000, or both, upon conviction of the offense of having knowingly and fraudulently (1) concealed from the receiver, custodian, trustee, marshal, or other officer of the court charged with the control or custody of property, 855 Provisos. Appeal on jury ver- dict extended to mat- ters of law only. Where sum is less than $500. Exercise of jurisdic- tion by appeal. Review by Supreme Court, etc. Practice on appeals. No bond required of receiver, etc. Arbitration of con- troversies. Arbitrators, ap- pointment. Finding, force of. Compromises. Designationofnews- papers. OfBnses; penalties.

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