M/s. A B &
..the undersigned have been appointed by you as the Manager of your
properties at ... and as a term of such appointment I have been required to
give a security to the extent of a sum of Rs
... and which I have agreed
Presents Witness that I Mr.
.. here by bind myself to pay you a sum not
exceeding Rs... found due and payable by me in the management of the said
properties. Subject to the following condition.
condition of this Bond is that if I shall faithfully and honestly manage the
said properties by doing all acts and things which I am authorised to do in
terms of a General Power of Attorney given by you to me this day by a separate
deed and shall at all times during the said management account for all the
moneys, securities, and other property received, and expenses made, by me
lawfully as the manager of your said properties and shall not cause loss or
injury or damage to the said properties or in any way take or apply the same or
any moneys, or security received in respect thereof either for my own use or
for any purpose other than those for which the same have been received by me or
entrusted to me and I shall render a correct and faithful account of the
management of the properties to your satisfaction then this bond shall become
void but otherwise it shall remain in full force and effect.
And This Bond
Further Witnesseth that as a security for payment of my liability under this
Bond but not exceeding the said sum of Rs
.... I hereby charge my property
consisting of a piece of land and a house thereon situate at
more particularly described in the Schedule hereunder written with the payment
of any amount that may be found due and payable by me but not exceeding Rs...
to you in the course of management of your said properties and I hereby
covenant that in the event of my failure to pay to you the amount due and
payable by me, if any, as aforesaid, you will be entitled to enforce the said
charge by sale of the said property described in the Schedule hereunder
written, through a competent court of law.
Above Referred To
delivered by the