5962 
SECRETARIAL PRACTICE 
(e) 
to make any compromise or arrangement with creditors or 
persons claiming to be creditors, or having or alleging them- 
selves to have any claim, present or future, certain or con- 
tingent, ascertained or sounding only in damages against 
the company, or whereby the company may be rendered 
liable: 
to compromise all calls and liabilities to calls, debts, and 
liabilities capable of resulting in debts, and all claims, pre- 
sent or future, certain or contingent, ascertained or sound- 
ing only in damages, subsisting or supposed to subsist 
between the company and a contributory, or alleged con- 
tributory, 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. 
The liquidator in a winding up by the court shall have 
} 
(2) 
power— 
(@) 
to sell 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 com- 
pany, or to sell the same in parcels: 
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 necessary, the company’s 
seal: 
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 bankrupt or insolvent, and 
rateably with the other separate creditors: 
0 draw, accept, make, and indorse any bill of exchange or 
promissory note in the name and on behalf of the company, 
with the same effect with respect to the liability of the 
company as if the bill or note had been drawn, accepted, 
made, or indorsed by or on behalf of the company in the 
course of its business: 
to raise on the security of the assets of the company any 
money requisite: 
to take out in his official name letters of administration to 
any deceased contributary, and to do in his official name any 
other act necessary for obtaining payment of any money 
due from a contributory. or his estate which cannot be 
conveniently done in the name of the company, and in all 
such cases the money due shall, for the purpose of enabling 
the liquidator to take out the letters of administration or 
recover the money, be deemed to be due to the liquaditor 
himself: 
(b) 
‘c) 
‘d) 
, 
2) 
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14)