1 | Short title. |
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2 | Repeal of Act XX of 1860. |
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4 | Present Baronet to continue to bear, and all future Baronet to take, names of First Baronet. |
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5 | Government Promissory Notes of a certain nominal value vested in Trustees. |
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6 | Powers of investment. |
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7 | Prohibition against varying investments without consent of person entitled to income. |
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8 | Power to Baronet for the time being to purchase land to erect a Mansion House thereon. |
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9 | Power to trustees to sell securities to produce funds to pay for land, etc. |
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10 | Power to Baronet for the time being to sell Mazngon Castle. |
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12 | Settlement of Mansion House, etc., in support of Baronetcy. |
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16 | Provision in case of refusal or discontinuance of names of First Baronet. |
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17 | Baronet in possession may jointure. |
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18 | Limit of aggregate of jointure payable contemporaneously. |
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19 | Mansion House and hereditaments not to be subject to joiuture. |
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20 | Alienation prohibited during the Baronetcy. |
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24 | Power to Trustees to sell land subject to Settlement. |
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25 | Directions as to how sale may be made. |
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26 | Direction as investment of proceeds of sale of lands. |
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27 | Declaration of Trusts as to investments of proceeds of sale of lands. |
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29 | Indemnity of Trustees. |
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30 | General saving clause. |
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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. |
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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. |
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13 | Saving of rights of persons interested in reversion or remainder in Mazagon Castle on sale thereof |
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14 | Declaration of Trusts as to surplus proceeds of sale of Mazagon Castle over and above the sum of Rs. 2,75,000. |
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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. |
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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. |
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22 | Provision as to insurances of Mazagon Castle, and other house or buildings purchased in lieu thereof. |
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23 | Directions for keeping Mazagone Castle, and other houses or buildings purchased in lieu thereof, in repair. |
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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 8 |
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