# The Assam Stamp (Amendment) Act, 1950, Section 57

- Act: The Assam Stamp (Amendment) Act, 1950 (Act 7 of 1950)
- Source URL: https://indiacode.ecourtsindia.com/assam-stamp-amendment-act-1950/section/57/

## Text

SECURITY BOND OR MORTGAGE- DEED, executed by way of security for the due execution of an office, or to account for money or other property received by virtue thereof, or executed by a surety to secure the due performance of a contract- (a) when the amount secured does not exceed Rs.1,000 ; (b) in any other case Exemptions Indiatode Bond or other instrument, when executed- (a) by head men nominated under rules framed in accordance with the Bengal Irrigation Act, 1876 (Beng. Act III of 1876), section 99, for the due performance of their duties under that Act ; (b) by any person for the purpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital, or any other object of public utility, shall not be less than a specified sum per mensem ; (c) under No.3-A of the rules made by the Governor of Bombay in Council, under section 70 of the Bombay Irrigation Act, 1879 (Bom. Act VII of 1879). The same duty as a Bond (No.15) for the amount secured. Ten rupees. (d) executed by person taking advances under the Land Improvement Loans Act, 1883 (Act XIX of 1883) or the Agriculturists Loans .Act, 1884 (Act XII of 1884), or by their sureties, as security for the repayment of such advances. (e) executed by officers of Government or their sureties to secure the due execution of an office, or the due accounting for money or other property received by virtue thereof.

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