Section 24: Power to raise money by mortgage or sale

The Broach and Kaira Incumbered Estates Act, 1877Central Act · Act 14 of 1877

At any time after the liquidation-scheme has been sanctioned as aforesaid, the manager, with the previous assent of the Commissioner, shall have power to raise any money which may be required for carrying out such scheme—

(a) by mortgaging the whole or any part of the property under management for a term not exceeding twenty years from the publication of the order of management; or

(b) by charging the whole or any part of such property; or

(c) by selling, by public auction or by private contract, and upon such terms as the manager thinks fit, such portion of the said property as may appear expedient.

Where this provision sits

Act	The Broach and Kaira Incumbered Estates Act, 1877
Section	24
Marginal note	Power to raise money by mortgage or sale
Jurisdiction	Central
Status	In force as published by the source

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