Power of District Court to institute inquisition as to persons alleged to be lunatic

Power of District Court to institute inquisition as to persons alleged to be lunatic.-Whenever any person is possessed of property and is alleged to be a lunatic, the District court within whose jurisdiction such person is residing may upon application, by order direct an inquisition for the purpose of ascertaining whether such person is of unsound mind and incapable of managing himself and his affairs.