Municipal Corporation Act, 1956
109. Renewal of debenture.
- A person claiming to he entitled to a debenture issued under this Act may, on applying ... satisfying him of the justice of his claim and delivering the debenture receipted in such manner and paying such fee as may be prescribed
Municipal Corporation Act, 1956
108. Issue of duplicate securities.
(1) When a debenture issued under this Act is alleged to have been lost, stolen ... justice of the claim obtain from him an order- (a) it the debenture alleged to have been lost, stolen or destroyed is payable more than
Municipal Corporation Act, 1956
111. Discharge in certain cases.
- When the duplicate debenture has been issued under Section 108, or when a renewed debenture ... issued under Section 109 or when the principal sum due on a debenture in respect of which an order has been made under Section
Corporation Act, 1956
117. Power of Corporation to invest in its own debentures.
(1) For the purpose of investing any portion of the municipal fund ... name of Corporation, any portion of the debentures to he issued on account of any loan, provided that the intention to reserve and set apart
Municipal Corporation Act, 1956
105. Form, exchange, transfer and effect of debentures.
(1) All debentures issued under this Act shall be in such form ... previous sanction of the Government prescribe. (2) The holder of any debenture in any form prescribed under sub-section (1) may obtain in exchange therefor
Section 107 in The M.P. Municipal Corporation Act, 1956
107. Debentures issued to two or more persons jointly.
- Notwithstanding anything contained in Section ... Indian Contract Act. (1) When any debenture or security issued under this Act is payable to two or more persons jointly and either
Government securities; or (b) securities guaranteed by Government; or (c) municipal debentures of the City. and shall be held by the Corporation for the purpose ... repaying from time to time the debentures issued by it. (2) All dividends and other sums received in respect of any such investment shall
Commissioner may in any case arising thereunder :- (1) issue a renewed debenture upon receiving such indemnity in favour of the Corporation and the Commissioner ... think fit against the claims of all persons claiming under the original debenture; or (2) refuse to issue a renewed debenture unless such indemnity
Municipal Corporation Act, 1956
110. Liability in respect of debentures renewed.
(1) When a renewed debenture has been issued under Section 109 in favour ... person the debenture so issued shall be deemed to constitute a new contract between the Corporation and such person and all persons deriving title thereafter
manner in which and the person by whom coupons attached to debentures issued under this Act may be issued; (1-K) the custody
