Land Bonds Act (Cap. 62:07).
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LEX-FAOC003065
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The Act provides for compensation payable or purchase money to be payable in land bonds. A vendor is not under the obligation to accept land bonds as a means of payment, except in cases where commissioners appointed under section 7 of the Acquisition of Land (Land Settlement) Act have reported to the Minister that (part of) such land is not beneficially occupied or utilised for agriculture. It further provides, among other things, for issue, description, redemption, surrender, service and registration of land bonds, and interest on land bonds.
