ART. 1.] ALLEGANY COUNTY. 29
or the judge thereof in vacation, shall, upon the petition of
the employees or furnishers of raw material, or any number of
them, appoint a receiver to take charge of the affairs of such
individual, association, or body corporate, with a view to their
liquidation and settlement under the authority of the court.
100. The defendant in said petition shall have a right to
answer the same and deny the facts therein stated, and the
issue shall be tried by the court at the term to which such
petition shall be presented, or at the next term of the court,
if the petition be filed in vacation; but no demurrer or plea in
abatement shall be allowed, nor shall the same on any account
be postponed.
101. The receiver shall give bond in a penalty and with
security approved by the court or judge, and shall be bound
and held liable for every default, negligence or malfeasance in
office.
102. The receiver shall take charge of all the personal estate,
goods, chattels, property and effects of every description what-
ever, other than real estate, of such individual, association, or
corporation, and collect and make available the evidences of
debt, and sell and dispose of, upon such terms as the court shall
direct, the goods and chattels, and pay off and discharge the
debts owing from such individual, association, or corporation to
the persons in their employ and the furnishers of raw material,
or to each a pro rata proportion of his claim; and there shall be
no priority or preference allowed in the payment of such claims,
and no attachment, execution, mortgage, bond, deed, bill of sale,
or deed of trust, or other lien, except mechanics' lien, shall bind
or operate as a lien on such property or debts to the prejudice or
disadvantage of the employees or furnishers of raw materials as
aforesaid, but the said claims, all and severally, shall be first fully
paid and discharged, or as far as the same can be done, before
any attachment, execution or any mortgage, bond or deed, bill
of sale, deed of trust, or other lien (except as hereinbefore spe-
cified) shall bind, hold, operate or take effect.
103. Any sheriff, or coroner, who may have an execution or
attachment against the property of any such individual, associa-
tion, or corporation, shall exempt from execution and levy a
sufficiency of property to pay any indebtedness of such indivi-
dual, association, or corporation to employees or fumiahers of
|
![clear space](../../../images/clear.gif) |