Amendment status not verified — confirm the current text below against the official source.
(1) Any person liable to pay betterment charges in respecl of any land may at his option, instead of paying the same to the Board, execute an agreement with the Board to leave the payment outstanding as acharge on his interest in the land, subject to the payment in perpetuity ol interest at such rate as may be prescribed. (2) Every payment due from any person in respect of betterment charges and every charge relerred to in sub-section (1/ shall, notwithstanding anything contained in any other enactment and notwithstanding the execution of any mortgage Power to dis- pose of land. Notice to person Iiable lor better ment charges. Agreement for payment of betterment charges. Disputes regarding reconstitu- tion of plots. Tribunal Duties of Tribunal. or charge, created either before or atter the commencement of this Act, be the lrrst charge upon the interest of such person in such land.