Section 2

Transfers of Bombay municipal debentures to be by indorsement and free from stamp-duty.

The Bombay Municipal Debentures Act, 1876

  • Act 15 of 1876
  • Ministry of Home Affairs
  • Department of States
About this Act

An Act to amend the law relating to the transfer of Bombay Municipal Debentures, and to provide for their consolidation.

All sections
        Every mortgage of rates and taxes, authorized to be made under the said Bombay Municipal Act of 1865, or any subsequent Act, shall be transferable by indorsement on the instrument of mortgage, and no such indorsement shall be chargeable with any stamp-duty.
    
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