450

 

Ch. 31. No. 1.] Companies.

proceeding in the name and on behalf of the
company ;

(b) to carry on the business of the company, so far as
may be necessary for the beneficial winding up thereof,

(c) to appoint a solicitor or other agent to assist him
in the performance of his duties;

(d) to pay any classes of creditors in full;

(ec) to make any compromise or arrangement with
creditors or persons claiming to be creditors, or having
or alleging themselves to have any claim, present or
future, certain or contingent, ascertained or sounding
only in damages against the company, or whereby the
company may be rendered liable;

(f) to compromise all calls and liabilities to calls,
debts, and liabilities capable of resulting in debts, and
all claims, present or future, certain or contingent,
axcertained or sounding only in damages, subsisting

r supposed to subsist between the company and a
contributory, or alleged contributory, or other debtor
or person apprehending liability to the company, and
all questions in any way relating to or affecting the
assets or the winding up of the company, on such
terms as may be agreed, and take any security for the
discharge of any such call, debt, liability or claim, and
give a complete discharge in respect thereof.

(2) The liquidator in a winding up by the Court shall

have power—

(a) to scll the real and personal property and things
in action of the company by public auction or private
contract, with power to transfer the whole thereof to
any person or company, or to sell the same in parcels;

(6) to do all acts and to execute, in the name and on
behalf of the company, all deeds, receipts, and other
documents, and for that purpose to use, when neces-
sary, the company’s seal;

(c) to prove, rank, and claim in the bankruptcy,
insolvency, or sequestration of any contributory, for
any balance against his estate, and to receive dividends
in the bankruptcy, insolvency, or sequestration in
respect of that balance, as a separate debt due from the