48 



TRINIDAD AND TOBAGO BULLETIN. 



[XX. 1. 



Ord. 28—1913. 

 Ord. 14—1917 



Execution and 

 registration 

 of charge. 



be due or which during tl^c continuance of such security 

 may become due, and subject also to the rights of any 

 prior mortgagee or incuml>rancer under the Bills of Sale 

 Ordinance (No. 63) or the Farmers' Advances Ordinance, 1913, 

 or tlie Agricultural I'roduce (Advances) Ordinance, 1917. 



A charge under tliis Ordinance shall not be deemed to be 

 a bill of sale within the meaning of the Bills of Sale Ordinance, 

 No. 63, or a contract within the meaning of the Agricultural 

 Contracts Ordinance, No. 67, or a contract or metairie 

 contract within the meaning of the Tobago Metairie Ordinance, 

 No. 310, or a mortgage imder the Agricultural Produce 

 (Advances) Ordinance, 1917. 



A charge shall not be deemed to affect the title to land, 

 but every purchaser of land the canes, rice, cocoa, crops or 

 buildings upon which is or are affected by a charge duly filed 

 under the provisions hereof shall be deemed to have notice of 

 any such charge. 



8. The following section shall be inserted as section 16b of the 

 Principal Ordinance : — 



16b. A charge under this Ordinance shall be deemed to be duly 

 executed if signed in duplicate hy the member executing the 

 same in the presence of the Chairman and Secretary of the 

 Society' making the loan. 



It shall be the duty of such Secretary forthwith to file one 

 copy of the charge in the office of the Society and transmit 

 the other copy to the Registrar-General, who shall file the 

 same and shall keep a book to be called the Register Book of 

 Agricultural Credit Societies' Charges, in which particulars of 

 all such charges received by him shall be entered. 



Any person shall be entitled to inspect the file of charges 

 in tlie office of a society and the file and register kept by the 

 Registrar-General and take extracts tlierefrom on payment 

 of a lee of sixiience. 



Penalty for 

 dealing with 

 property 

 charged. 



9. The following section sliall be inserted as section 16c of the 

 Principal Ordinance : — 



16c. Any member who disposes of or deals with or attempts to 

 dispose of or deal with any property comprised in any charge 

 in fraud of the Society shall be liable to a x^enalty not 

 exceeding =£50. 



Endorsation of 

 repajinent of 

 loan on charge. 



10. The following section shall be inseited as section 16d of the 

 Principal Ordinance: — 



16d. As soon as the loan in respect of which a charge under this 

 Ordinance has been given has been repaid, the Secretary of 

 the Society shall forthwith record the same in the copy filed 

 in the ofifice of the Society and shall notify the Registrar- 

 General, who shall endorse the copy of the charge filed in his 

 office accordingly. 



