• ( *४७8 ) ta* rtA. it shall, if the Commissioner or Magistratoire it, be laid before the next general meeting and fully considered, and a formal resolution shall be passed on the subject, . ić PART V. ምእ TRAN&FRR OF PROPERTY AND CONTRACTS. Pao to transfer property. 91. Property in the transfer of which a District Board is, for the purposes of these rules, to be held to be concerned, is erther (a) moveable or immoveable preperty vested in the Board ; or (b) immoveable property placed by the Local Government under the control and administration of the Board. 92. In respect of immoveable property placed by the Aet, or by the Lieutenant-Governor in accordance with the provisions of the Act, under the control and administration of the District Board, the relation of the Board to the Local Government is that of agent to principal, whether or not the rents or profits accruing from that property are credited in whole or in part to the district fund.
Transfer of property vested in District Boards. 98. No immoveable property vested in a District Board shall, except with the previous approval of the Isoeal Government, and ın such manner and on such terms and conditions as that Government may approve, be transferred by the Board by way of sale, or by way of mortgage, charge or exchange, or otherwise than by way of lease without a premium, 94. A lease of immoveable property vested in a District Board may be made by the Roard-without 5 promiuri, on the Göffditions following:— (a) That a reasonable annual rent be reserved and made payable during the whole of the term of the lease; and (b) That the lease or agreement for the lease be not made for any term without the previous sanction of the Board at a meeting, or for any term exceeding five years and not exceeding thirty years, without the previous approval of the Commissioner of the Division, or for any term exceeding thirty years without the previous approval of the Local Government. 95. Any moveable property vested in a Board may be transferred by the Board in any way and on any terms which the Board may, by resolution at a meeting, determine to be expedient and reasonable. Transfer of property managed by District Boards as Agents of the Local Government. '96. No immoveable property placed by the Local Government under the control and administration of a District Board shall, except with the previous sanction of the Local Government, and in such manner and on such terms and conditions as that Government may pre scribe and impose, be transferred by the Board by way of sale, or by way of mortgage, charge or exchange, or otherwise than by way of lease, without a premium. 97. A lease of immoveable property placed by the Local Government under the control and administration of a Distriot Board may be made by the Board, without a premium, on the conditions following : (a) That a reasonable annual rent be reserved and made payable during the whole of the term of the lease; and (b) That the lease or agreement for the lease be not made for any term without the previous sanction of the Board at a meeting, or for any term exoeeding one year and not exceeding ten years without the previous sanction of the Collector or Deputy Commissioner of the district, or for any term exceeding ten years and not exceeding thirty years without the previous sanction of the Commissioner of the division. or for any term exceeding thirty years without the previous sanction of the Local Government. Mode of eaecuting Transfers. 98. Every transfer of immoveable property vested in a Board shall be made by an instrument under the common seal, signed by the Chairman and by two of the members of I Government Gasette, 9th March 1886.]
