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The Sir Dinshaw Manockjee Petit Act, 1893

Central

An Act for settling Bonds of the Municipal Corporation of the City of Bombay producing an annual income of one lakh and twenty five thousand rupees and a Mansion-house and hereditaments called Petit Hall in the Island of Bombay, the property of Sir Dinshaw Manockjee Petit, Baronet, so as to accompany and support the title and dignity of a Baronet lately conferred by Her Present Majesty Queen Victoria on him for and during the term of his natural life, and from and immediately after his decease to hold to his second son, Framjee Dinshaw Petit, Esquire, and the heirs male of his body lawfully begotten, and in default of such issue with remainder to the heirs male of the body of the said Sir Dinshaw Manockjee Petit, and for other purposes connected therewith.

Act number
6 of 1893
Ministry
Ministry of Home Affairs
Department
Department of States
Enacted
9 Mar 1893

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.

19 sections

  1. Section 1Incorporation of Trustee.
  2. Section 2Heirs of Sir Dinshaw Manockjee Petit to take his name.
  3. Section 3Vesting and application of income of settled property.
  4. Section 4Application of income during minority.
  5. Section 5Mansion-house limited to the use of the Baronet for the time being.
  6. Section 6Devolution of interest where beneficiary refuses, neglects or discontinues to use the names Dinshaw Manockjee Petit.
  7. Section 7Power to charge settled property for jointure of widow.
  8. Section 8Limitation to amount of jointure.
  9. Section 9Exclusion of wives from interest in Mansion-house.
  10. Section 10Limitation of transfers to life of transferor.
  11. Section 11Addition of stocks, funds or securities to settled property.
  12. Section 12Insurance of Mansion-house, and application of money received in respect of insurance.
  13. Section 13Mansion-house and other hereditaments to be kept in repair.
  14. Section 14Power of Corporation to sell or exchange Mansion-house or other hereditaments.
  15. Section 15Powers of Corporation in respect of such sale or exchange.
  16. Section 16Investment of moneys received on such sale or exchange.
  17. Section 17Investments and lands resulting from such sale or exchange to be held on trusts declared by this Act.
  18. Section 18Reimbursement of expenses of Corporation.
  19. Section 19Saving existing rights.