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Assets to be
distributed.
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SEC. 3. And be it further enacted, That after
the expiration of the time to be limited by the
order of said court, under the first section of
this act, and after the court shall be satisfied
that the notice to the creditors, directed by the
order of the court for that purpose, shall have
been given in the manner prescribed by the or-
der limiting such times, the said court is hereby
authorised to order and direct distribution by
said trustees, of all assets in hand, after deduct-
the dividend of twenty-five per cent, already
declared by said trustees, amongst all the credi-
tors who shall have filed their claims at any
time before the said court's order of distribution,
and so from time to time, to order and direct the
distribution in the same manner, of the assets
in the hands of said trustees, until such assets
shall have been fully distributed, and that any
creditor failing or neglecting to file his claim
within the time limited by the order of the court
for the filing of claims, but who shall afterwards
file the same, at any time before a distribution
of the entire assets, shall be entitled only to
claim and receive his distributive share out of
the assets remaining undistributed, and of which
the court had not ordered distribution at the time
of the filing of his claim, and that if at the time
of the final distribution of the assets, it shall
be shown to the court upon the petition of the
said trustees, or of any creditor, that there is
then remaining in the hands of the trustees, any
of the trust assets retained to meet the dividend
of twenty-five per cent, already declared on all
the apparent debts of said bank, that then such
sum so retained as to all said apparent debts, and
for which no claim has been filed, either with
said trustees or in said court, before said order of
final distribution, may be by the said court order-
ed to be distributed rateably among all the credi-
tors who shall have filed their claims before said
order of final distribution.
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Reports made
to court to be
ratified.
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SEC. 4. And be it enacted, That all reports
made to said court by said trustees, from time to
time, shall be by said court ratified and confirm-
ed, unless cause to the contrary be shown, upon
such notice as said court may prescribe, according
to the usage and practice of courts of equity.
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