tailieunhanh - THE LAND BONDS ACT ARRANGEMENT OF SECTIONS

Where any scheduled land is acquired by Government for resale or for any other public purpose the consideration money payable to any vendor in respect of the acquisition of such scheduled land may in the discretion of the Minister, subject to the provisions ofthis section, be paid either in whole or in part by the issue to such vendor of land bonds to a nominal amount equivalent to the whole of the consideration money or the part of the consideration money determined by the Minister, as the case may be | LAND BONDS THE LAND BONDS ACT ARRANGEMENT OF SECTIONS 1. Short title. 2. Interpretation. 3. Payment in land bonds with consent of vendor. 4. Payment in land bonds for scheduled land compulsorily acquired. 5. Issue of land bonds. 6. Land Bond Fund. 7. Interest on land bonds. 8. Redemption of land bonds. 8a. No surrender of series B bonds for taxes but amount thereof to be deductible. 9. Registration and negotiability. 10. Exemption from stamp duty. 11. Moneys to be credited to Land Bond Fund. 12. Power to dedare land to be scheduled land. 13. Basis of compensation on acquisition of tenanted land. 14. Basis of compensation on acquisition of land in development area. 15. Regulations. 16. Land bonds not applicable to certain leasehold interests. Schedule The inclusion of this page is authorized by LN. 31 1977 Ml LAND BONDS 3 Laws 48 of 1955 14 of 1956 57 of 1958 67 of I960. THE LAND BONDS ACT 22 71966 si 23 31 of 1967 __ __ 42 of 1969 9th December Ỉ955. 3rd Si h. 41 of 1973 30 of 1976 5 of 1988 3 of2000. 1. This Act may be cited as the Land Bonds Act. Short title. 2 1 In this Act Intaprewt . acquisition with its grammatical variations and cognate expressions means acquisition in the exercise of powers conferred by any enactment for the time being in force in relation to the compulsory acquisition of land bonded estate means any parcel of land the consideration money in respect of the purchase or the acquisition of which by the Government was paid in whole or in part by the issue of land bonds consideration money includes in relation to land which is purchased the purchase price of such land and in relation to any land which is acquired any sum which is payable by Government to any vendor in respect of the compensation awarded to such vendor by reason of the acquisition of his interest in such land land bonds means bonds issued in accordance with the provisions of this Act scheduled land means land of a category specified in the L Schedule s uie vendor means any .