Amendment status not verified — confirm the current text below against the official source.
(1) On and from such date as may be specified by Vesting of the Government in this behalf by notification in respect " , ' ~ ~ ~ ~ i a g of any stage carriage operator or contract carriage operator, carriages, every stage carriage or contract carriage owned or operated etc., in the by such stage carriage operator or contract carriage Government. operator along with the permit shall vest in the Government absolutely free from all encumbrances and such stage carriage or contract carriage which vests in the Govern- ment shall, by force of such vesting, be freed and dis- charged from any trust, obligation, mortgage, charge, lien, hire-purchase agreement or otherwise and all other 236 Stage Carriages and [1973 : T.N. Act 12 Contract Carriages (Acquisition) encumbrances or transactions affecting such stage carriage or contract carriage ; and any attachment, injunction or decree or order of any court restricting the use of such stage carriage or contract carriage in any manner shall be deemed to have been withdrawn ; and any person interested shall have no claim to or in relation to such stage carriage or contract carriage, except a claim to the amount payable in respect of such stage carriage or con- tract carriage under this Act. (2) Upon the issue of a notification under sub- section (1) in respect of any such operator- (i) all rights, title and interest of the stage carriage operator or the contract carriage operator, as the case may be, in or over such lands, buildings, workshops and other places and all stores, instruments, machinery, dools, plants, apparatus and other equipments predominantly used for the maintenance or repair of, or otherwise in connection with the service of, stage carriages or contract carriages as the Government may specify by order in this behalf ; and (ii) all books of accounts, registers, records, and all other documents of whatever nature relating to the stage carriages or contract carriages vested in the Govern- ment under sub-section (1) or other property specified by the Government under clause (i) ; w ! shall vest in the Government absolutely and free from all encumbrances and such property referred to in this sub-section which vests in the Government shall, by force of such vesting, be freed and discharged from any trust, obligation, mortgage, charge, lien, hire-purchase agreement or otherwise and all other encumbrances or transactions affecting such property ; and any attach- ment, injunction or decree or order of any court restricting the use of such property in any manner shall be deemed to have been withdrawn ; and any person interested shall have no claim to or in relation to such property, except a claim to the amount in respect of such property under this Act. (3) The stage carriages or contract carriages and other property vesting in the Government under sub- section (1) and sub-section (2) shall, with effect on and from the notified date, be deemed to have been acquired for a public purpose. 19% : T.%AC~ IZ~ stage carriage^ and 239 Contract Carriages (Acquisition)