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The Sir Jamsetjee Jejeebhoy Baronetcy Act, 1915

[Act No. 10 of 1915]

[8th September, 1915.]

Title The Sir Jamsetjee Jejeebhoy Baronetcy Act, 1915
Sections Particulars
1. Short title
2. Repeal of Act XX of 1860
3. The Commissioner for the Northern Division, the Accountant-General, and the Collector of Bombay to be a Corporation for execution of the Trusts of this Act
4. Present Baronet to continue to bear, and all future Baronets to take, names of First Baronet
5. Government Promissory Notes of a certain nominal value vested in Trustees
5. Amendment of Sixth Schedule to the Constitution
(a) On trust to re-invest if paid off
(b) and to pay income to present Baronet for his life
(c) and after death of present Baronet to pay income to Baronet for time being
(d) with ultimate trust for Second Baronet his executors, administrators and assigute
6. Powers of investment
7. Prohibition against varying investments without consent of person entitled to income
8. Power to Baronet for the time being to purchase land to erect a Mansion House there on
9. Power to trustees to sell securities to produce funds to pay for land, etc
10. Power to Baronet for the time being to sell Mazngon Castle
11. Power 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 thoreon, etc
12. Settlement of Mansion House, etc., in support of Baronetcy
13. Saving of rights of persons interested in reversion or remainder in Mazagon Castle on sale thereof
14. Declaration of Trusts as to surplus proceeds of sale of Mazagon Castle over and above the sum of Rs. 2,75,000
15. Power to Trustees to invest the surplus annual interest and income of the Trust Fund and premises during the minority of any Baronet, etc
16. Provision in case of refusal or discontinuance of names of First Baronet
17. Baronet in possession may jointure
18. Limit of aggregate of jointure payable contemporaneously
19. Mansion House and hereditaments not to be subject to joiuture
20. Alienation prohibited during the Baronetcy
21. Power to augment the funds and securities subject to the Settlement, provided that total amount of funds subject to the Settlement shall not exceed fifty lakh
22. Provision as to insurances of Mazagon Castle, and other house or buildings purchased in lieu thereof
23. Directions for keeping Mazagone Castle, and other houses or buildings purchased in lieu thereof, in repair
24. Power to Trustees to sell land subject to Settlement
25. Directions as to how sale may be made
26. Direction as investment of proceeds of sale of lands
27. Declaration of Trusts as to investments of proceeds of sale of lands
28. Power to Baronet for the time being to enter into arrangement with Government as to landrevenue payable in respect of land purchased under section 8
29. Indemnity of Trustees
30. General saving clause

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