The Assam Co-operative Land Mortgage Bank (Amendment) Act, 1964
The 2nd December 1964

**No.L JL .40/64/4.—The following Act of the Assam Legislative Assembly**

which received the assent of the Governor is hereby published for general

information.

# (Received the assent of the Governor on the 28th November, 1964)

ASSAM ACT XXIV OF 1964

TH E ASSAM CO -OPERA TIVE LAND MOR TGAG E BANK

(AM ENDMENT) ACT, 1964

[Published in the _Assam Gazette Extraordinary, dated the 3rd December,_

1964].

# An
 Act *

 to amend the Assam Co-operative Land Mortgage Bank Act, 1980

Preamble Whereas it is expedient to amend the Assam Assam Act

Co-operative Land Mortgage B^nk Act, i960, herein- 1 °1 1961

after called the principal Act, in the manner herein­
after appearing ;

It is hereby enacted in the Fifteenth Year of the

Republic of I dia as follows: —

Short title, 1. ( i) This Act may be called the Assam Co­

extent and operative Land Mortgage Bank (Amendment) Act,
commence­ 1964.
ment.

(2) It shall have the like extent as the princi­

pal Act.

(3) It shall come into force at once.

Amendment 2. In Section 8 of the principal Act, in sub­
of Section 8

section (1),—

Act 1 of
1961. (1) between the words ‘ in favour of’ and

‘a Mortgage Bank’ the words ‘the Central Mortgage
Bank or ’ shall be inserted ;

(2) between the words ‘the’ and ‘Committee’

the words ‘Board or the ’ shall be inserted ;

(3) between the words ‘the ’ and ‘said’ the

words ‘Central Mortgage Bank or the’ shall be

inserted.


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Amendment 3, j n Section 11 of the principal Act, in sub-

Act 1 of

1961.

(1) between the words 'th e’ and ’Mortgage

Bank’ the words ‘Central Mortgage Bank and the’
shall be inserted ;

(2) between the words ‘Mortgage deed’ and

‘the Committee’ the words ‘the Board or’ shall be
inserted.

Amendment 4. In sub section (1) of Section 12 of the principal
of Section . .

12 o f Assam           -

Act 1 ol

1961. (1) between the words ‘thereof’ and ‘the

Committee’ the words ‘the Board or’ shall be inserted
and the words ‘of a Mortgage Bank’ occurring after
the word ‘Committee’ shall be deleted ;

(2) between the words ‘such’ and ‘Com mittee’

the words ‘Board or the’ shall be inserted ;

Amendment 5. In Section 13 of the principal Act,—

of Section ,

13 of Assam Act 1 of (1) jk n sub-section (!),—v 7                  -

1961.

(a) between the words ‘the’ and ‘Com mittee’

the words ‘Board or the’ shall be in­
serted 'and the words ‘of the Mort­
gaged Bank’ occurring after the word

‘Comm ittee’ shall be deleted ;

(b) in clause (a), between the words ‘to’ and

‘the’ the words ‘the Central Mort­

gage Bank or’ shall be inserted ;

(2) in sub-section (2), between the words

‘made’ and ‘the Com mittee’ the words ‘the Board or’
shall be inserted ;

(3) between the words ‘disallowed’ and ‘the

Com mittee’ the words ‘the Board or’ shall be inser­

ted.

Amendment 6. In Section 16 of the principal Act, in sub-

of Section section (1), between the words ‘in favour of ’ and ‘the’

16 of Assam the words ‘the Central Mortgage Bank or’ shall be

A m i .

Amendment 7. In Section 17 of the principal Act, in sub-

of Section Se Cti O n (1), between the words ‘of’ a n d ‘a Mortgage

17 A Va ^lr Bank’, the words ‘the Central Mortgage Bank or’

1961, shall be inserted.


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amendment 8, In Section 18 of the principal Act, between

18 of Assam [t] ^l e w o r ds ‘against’ and ‘the Mortgage Bank’ the

A ct I of words ‘the Central Mortgage Bank or’ shall be

1961. inserted.

Amendment of Section 9. In Section 22 of the principal Act,— r 1

22 of Assam

Act I cf

1961. (J) between the words ‘to’ and ‘a Mortgage

Bank’ the words ‘the Central Mortgage Bank or ’

shall be inserted ;

(2) between the words ‘by’ and ‘the’ the words

‘the Board or’ shall be inserted and the words ‘of the
Mortgage Bank’ occurring after the word ‘Com mittee’

shall be deleted ;

(3) between the words ‘determined by’ and

‘the’ the words ‘the Board or’ shall be inserted ;

(4) in the Explanation, between the words

‘ the’ and ‘Mortgage Bank’ the words ‘Central Mort­

gage Bank or the’ shall be inserted.

Amendment 10, In section 23 of the piinc ipa l Act,—

23 of Assam (1) for sub-section (1), the following shall be

Act I of substituted, namely: —

1961,

“ (1) Th e Trustee may direct the Board

or the Committee, and the Board may direct

the Committee to take action against a defaulter
under section 8, section 11 or section 12 and if

the Board or the Committee neglects or fails to do so,
the Trustee or the Board may take such actio n.” ;

(2) in sub-section **(3),—**

(a) between the words ‘to’ and ‘Mortgage Bank’

the words ‘the Central Mortgage Bank
or the’ shall be inserted ;

(b) for the word ‘its’ occurring between the

words ‘to’ and ‘Com mittee’ the words
‘the Board or the’ shall be substituted.

Amencln ent 11. In Section 25 of the principal Act,—
of Section (1) between the words ‘in favour of’ a n d ‘a

25 of Assam Mortgage Bank’ the words ‘the Central

Act I of

1961. Mortgage Bank or’ shall be inserted ;

(2) between the words ‘give’ and ‘the Mort­

gage Bank’ the words ‘the Central Mort­
gage Bank or’ shall fce inserted.

Amendment 12. In section 26 of the principal Act, in clause (a'

° [f] Section between the words ‘be paid to’ and ‘the Mortgage

Act TT f Bank’ the words ‘the Central Mortgage Bank or’

I96I. shall be inserted.


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4

**Amendment** **13.** In Section 28 of the principal Act,—
**of** **Section** (1) in sub-section (1), between the word s‘in

**28 of Assam**

**Act** **I of** favour o f’ and ‘Mortgage Bank’ the

**1961.** words ‘the Central Mortgage Bank or’

shall be inserted ;

(2) in sub-section (2), in the proviso, between

the words ‘by the’ and ‘Mortgage Bank’
the words ‘Central Mortgage Bank or
the’ shall be inserted.

U. TAHBILD AR,

Deputy Secy, to the Govt, of Assam.

Law Department


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