Act 10 of 1915

The Sir Jamsetjee Jejeebhoy Baronetcy Act, 1915

An Act for repealing Act No. XX of 1860 entitled

  • Ministry of Home Affairs
  • Department of Home
  • Enacted 1915-09-08
  • 30 sections
SectionTitle
1 Short title.Read
2 Repeal of Act XX of 1860.Read
3 The Commissioner for the Northern Division, the Accountant - General, and the Collector of Bombay to be a Corporation for execution of the Trusts of this Act.Read
4 Present Baronet to continue to bear, and all future Baronet to take, names of First Baronet.Read
5 Government Promissory Notes of a certain nominal value vested in Trustees.Read
6 Powers of investment.Read
7 Prohibition against varying investments without consent of person entitled to income.Read
8 Power to Baronet for the time being to purchase land to erect a Mansion House thereon.Read
9 Power to trustees to sell securities to produce funds to pay for land, etc.Read
10 Power to Baronet for the time being to sell Mazngon Castle.Read
11 Power to Trustees to apply proceeds of sale Mazagon Castle, not exceeding Rs. 2,75,000 in paying for land purchased and for erecting Mansion House th ere on, etc.Read
12 Settlement of Mansion House, etc., in support of Baronetcy.Read
13 Saving of rights of persons interested in reversion or remainder in Mazagon Castle on sale thereofRead
14 Declaration of Trusts as to surplus proceeds of sale of Mazagon Castle over and above the sum of Rs. 2,75,000.Read
15 Power to Trustees to invest the surplus annual interest and income of the Trust Fund and p remises during the minority of any Baronet etc.Read
16 Provision in case of refusal or discontinuance of names of First Baronet.Read
17 Baronet in possession may jointure.Read
18 Limit of aggregate of jointure payable contemporaneously.Read
19 Mansion House and hereditaments not to be subject to joiuture.Read
20 Alienation prohibited during the Baronetcy.Read
21 Power to augment the funds and securities subject to the Settlement, provided that total amount of funds su bject to the Settlement shall not exceed fifty lakh.Read
22 Provision as to insurances of Mazagon Castle, and other house or buildings purchased in lieu thereof.Read
23 Directions for keeping Mazagone Castle, and other houses or buildings purchased in lieu thereof, in repair.Read
24 Power to Trustees to sell land subject to Settlement.Read
25 Directions as to how sale may be made.Read
26 Direction as investment of proceeds of sale of lands.Read
27 Declaration of Trusts as to investments of proceeds of sale of lands.Read
28 Power to Baronet for the time being to enter into arrangement with Government as to land - revenue payable in respect of land purchased under section 8Read
29 Indemnity of Trustees.Read
30 General saving clause.Read
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