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The Sir Jamsetjee Jejeebhoy Baronetcy Act, 1915

Central

An Act for repealing Act No. XX of 1860 entitled

Act number
10 of 1915
Ministry
Ministry of Home Affairs
Department
Department of Home
Enacted
8 Sep 1915
In force from
8 Sep 1915

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

30 sections

  1. Section 1Short title.
  2. Section 2Repeal of Act XX of 1860.
  3. Section 3The 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.
  4. Section 4Present Baronet to continue to bear, and all future Baronet to take, names of First Baronet.
  5. Section 5Government Promissory Notes of a certain nominal value vested in Trustees.
  6. Section 6Powers of investment.
  7. Section 7Prohibition against varying investments without consent of person entitled to income.
  8. Section 8Power to Baronet for the time being to purchase land to erect a Mansion House thereon.
  9. Section 9Power to trustees to sell securities to produce funds to pay for land, etc.
  10. Section 10Power to Baronet for the time being to sell Mazngon Castle.
  11. Section 11Power 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.
  12. Section 12Settlement of Mansion House, etc., in support of Baronetcy.
  13. Section 13Saving of rights of persons interested in reversion or remainder in Mazagon Castle on sale thereof
  14. Section 14Declaration of Trusts as to surplus proceeds of sale of Mazagon Castle over and above the sum of Rs. 2,75,000.
  15. Section 15Power to Trustees to invest the surplus annual interest and income of the Trust Fund and p remises during the minority of any Baronet etc.
  16. Section 16Provision in case of refusal or discontinuance of names of First Baronet.
  17. Section 17Baronet in possession may jointure.
  18. Section 18Limit of aggregate of jointure payable contemporaneously.
  19. Section 19Mansion House and hereditaments not to be subject to joiuture.
  20. Section 20Alienation prohibited during the Baronetcy.
  21. Section 21Power 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.
  22. Section 22Provision as to insurances of Mazagon Castle, and other house or buildings purchased in lieu thereof.
  23. Section 23Directions for keeping Mazagone Castle, and other houses or buildings purchased in lieu thereof, in repair.
  24. Section 24Power to Trustees to sell land subject to Settlement.
  25. Section 25Directions as to how sale may be made.
  26. Section 26Direction as investment of proceeds of sale of lands.
  27. Section 27Declaration of Trusts as to investments of proceeds of sale of lands.
  28. Section 28Power 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
  29. Section 29Indemnity of Trustees.
  30. Section 30General saving clause.