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The Court of Wards Act, 1879

Section 50Power to invest surplus

In forcePart VI MANAGEMENT AND GUARDIANSHIP

Part VI MANAGEMENT AND GUARDIANSHIP

s. 50

50. Power to invest surplus If the ward is not a female or male as aforesaid, and if any surplus remains after providing, so far as the Court may think fit, for the objects mentioned in section 48, the same shall be applied in the purchase of other landed property, or invested at interest on the security of- promissory notes, debentures, stock and other securities of the [Government]; stock or debentures of or shares in railway or other companies, the interest whereon has been guaranteed by the [Government]. debentures or other securities for money paid by or on behalf of any municipal body under the authority of any [* * *] Act; or such other securities, stocks or shares, guaranteed by the [Government] as to the Court shall seem fit; or mortgages on immovable property.

  1. 28. The word "Government" was substituted, for the words "Central Government or any Provincial Government" or "Central Government" respectively by section 3 and 2nd Schedule of the Bangladesh Laws (Revision And Declaration) Act, 1973 (Act No. VIII of 1973)
  2. 29. The word "Government" was substituted, for the words "Central Government or any Provincial Government" or "Central Government" respectively by section 3 and 2nd Schedule of the Bangladesh Laws (Revision And Declaration) Act, 1973 (Act No. VIII of 1973)
  3. 30. The words "Central or Provincial" were omitted by section 3 and 2nd Schedule of the Bangladesh Laws (Revision And Declaration) Act, 1973 (Act No. VIII of 1973)
  4. 31. The word "Government" was substituted, for the words "Central Government or the Provincial Government" by section 3 and 2nd Schedule of the Bangladesh Laws (Revision And Declaration) Act, 1973 (Act No. VIII of 1973)

End of s. 50.

Read the contents: The Court of Wards Act, 1879