Amendment status not verified — confirm the current text below against the official source.
Agreement to in a/ce betterment fee a c/large on land.----( I ) Any persuti liable to pay it betterment fee' iii respect of any land iitay, at his Option instead of paying the same to the Board, CxecutC an agreelnejit with he Board to leav the paysrient outstanding as a charge on his juiciest iii the land, subject to the annual payment iii pei)Ctuity of interest iii the rate of six per cent per annum, or the rate fixed by the Board from Ullie to tiltie ubjct to the approval oh' the Government, the fIrst annual payisietit 01 such ilitereSt to be made one year from the date referred to iii section 76 (2) 1vry uay1n1lt due fm'omn any person in respect of it bei terinent fee and every charge referred to in sub-section (1) shall miotwithscamaiing anything contained in any other enactment and notwithstanding the extension of any mortgage, or other charge whether legal or equitubic, createçl either before or aftcr the commencement of this Act, be the !!rst charge UpOn the interest of such person III each laud subject to the prior payment of the basic tax under the Kerala Land Tax Act, I 9(31 and tIle Plantation Tax payable under the Kerala Plantation (A(ldi tiottai 'I'ax) Act,