Amendment status not verified — confirm the current text below against the official source.
4 Thi,soction wassubstituted by section3 of thoTanjore Chattram Endowments (Utilization) Atnondnlent Act, LYSS(I'ami1 Nadu Act X I of 1955) for tlle original saction 2, as amended by Madras Act X i of 1949. I - Q - . '-"s.3. G. 2'- ; ,j; piy i942 : T.N. ~ e t iTm ] Tanjore chaftrdi . $49 C Endo wntents (~tilizationy ; p % 2 and conditions, if any, as may be il&. '..ed by the State Government- Ill: (a) contribute from the income derived from 1 the s3id endowmen1 s towards the expenditure incurred , in the maintenance of- [ I (i) the institutions specified in the Schedule, and 1 (ii) such other institutions as may be notified in this behalf by the State Government ; (b) appropriate or divert a sum of four lakhs, ninety-four thousand and five hundred rupees from the funds of the said elldowments for the purpose of the establishment or* maintenance of a first-grade college at Tanjore and invest and keep invested the said sum in sec~lrities issued or guaranteed by the State Government ; and (c) con~rib.lte from the interest derived from the investment aforesaid a sum of fiftcen thousand rupees annually for the purpose of the estabiish- merit or n~ailltenaiico of the said first-grade College at Tanjorc. (2) Thc corpls of lhe inveqtment referred to in clausl: (b) of sub-st ction (1) shall be held in trust for the purposes of th: said college in the joint names of three tri~stees, llan~ely, the Tanjore Distri1.t Board, the University of Madras and the managing body of the said collegc: ; but the District Board alori~ shall be co~npete~lt to draw or deal with the interest derived from the investment. (3) The Distrizt Board or other authority or perso11 referred to in sub-sec~iotl(1) may also lease I out :my land or building belong~ng to the said I Endowments, for a ycriod not exceeding three years at a tirne, either rent-free or at concessional rates of rent, to 3 department of the Government, any local Validation of consrributions already made. 8 50 Tanjore Cltattram P942 : T.N. Act VnI Enrlonments (Utitization) '[3 '( 8' All iontriburiom made hcfoir the cornmen ent of this Act from the fu-ds of the said Endowments towards the mainiennncc of 31the institutions npecified in the Scheilule] ,hall be deemed to have been properly made and the validity thereof shall not be questioned in any Court of Law. '[ . THE SCHEDULE. Erlucationnl Titstitrttions. 1 The Sanskrit College, Tiruvadi. 2 The High School, Orattanad. 3 The School at Rajamadam (now knowti ns the Middle School. Rzjamadnm). I 4 The Girls' School, Nidarnang,~l;in~. 5 The Free Maharattn School, T:ir~jore. 6 The Hostel for Harijan Boys at Sreyaschntram. iWedicul Ir,txtittttions. I TIE Riijil Mirasdar Hospital, 'T,lujorc. 2 The Loci11 Fund Dispensary, hleimisal. 3 The Local Fund Dispensary, Nidamangalam. 4 The LocaI Fund Dispensary, Tiruvadi. 5 The Local Fund Dispensary, Orattanad. 6 The Local Fund Dibpensary, Manamelkudi. 1 Soction 3 wns renumbered as sub-sarion (I) of that saction by section 4(1) of the Tanjore Chattrarn Endowments (Utilization) AmcndrnentAct,l949(~68A~tXlof 1949). 2 The brackets an? figure ''(I)" at tho beginning of sub-section ( I ) a~ui sub~sectioa(2) wh~ch wasadded by saction4 (2) ibld, were omitted t?y sect~on 4 of tho Tanjore Chattram (Utilization). Ameadmdat ~ c t , 1955 Uamil Nadu Act XI of 1955). aThese words worosubstitutcd for thawordo "tha by raction4(1)0f Madras ActXI 0flW9.