The Sir Jamsetjee Jejeebhoy Baronetcy Act
An Act for repealing Act No. XX of 1860 entitled "An Act for settling Promissory Notes of the Government of India, producing an annual income of one lakh of rupees and a Mansion House and and hereditaments called Mazagon Castle, in the Island of Bombay, late the property of Sir Jamsetjee Jejeebhoy, Baronet, deceased, so as to accompany and support the title and dignity of a Baronet, lately conferred on him and the heirs male of his body, by Her present Majesty Queen Victoria, and for other purposes connected therewith," and for resettling the said Promissory Notes, Mansion House and hereditaments and for other purposes connected therewith.1915
List of Chapters & Sections
All sections
1Short title2Repeal of Act XX of 18603The Commissioner for the Northern Division, the Accountant - General, and the Collector of Bombay to be a Corporation for execution of the Trusts of this Act4Present Baronet to continue to bear, and all future Baronet to take, names of First Baronet5Government Promissory Notes of a certain nominal value vested in Trustees6Powers of investment7Prohibition against varying investments without consent of person entitled to income8Power to Baronet for the time being to purchase land to erect a Mansion House thereon9Power to trustees to sell securities to produce funds to pay for land, etc10Power to Baronet for the time being to sell Mazngon Castle11Power 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, etc12Settlement of Mansion House, etc., in support of Baronetcy13Saving of rights of persons interested in reversion or remainder in Mazagon Castle on sale thereo14Declaration of Trusts as to surplus proceeds of sale of Mazagon Castle over and above the sum of Rs. 2,75,00015Power to Trustees to invest the surplus annual interest and income of the Trust Fund and p remises during the minority of any Baronet etc16Provision in case of refusal or discontinuance of names of First Baronet17Baronet in possession may jointure18Limit of aggregate of jointure payable contemporaneously19Mansion House and hereditaments not to be subject to joiuture20Alienation prohibited during the Baronetcy21Power 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 lakh22Provision as to insurances of Mazagon Castle, and other house or buildings purchased in lieu thereof23Directions for keeping Mazagone Castle, and other houses or buildings purchased in lieu thereof, in repair24Power to Trustees to sell land subject to Settlement25Directions as to how sale may be made26Direction as investment of proceeds of sale of lands27Declaration of Trusts as to investments of proceeds of sale of lands28Power to Baronet for the time being to enter into arrangement with Government as to land - revenue payable in respect of land purchased under section29Indemnity of Trustees30General saving clause