Schedule C

(See section 110) FORM OF DEBENTURE No. for Rs. By virtue of the 1[Mumbai Municipal Corporation Act], we the Municipal Corporation of 2[Brihan Mumbai], in consideration of the sum of paid to us by A.B. of for the purposes of the said Act promise to pay the said A.B., his heirs, executors, administrators and assigns the said sum of together with interest at the rate of percentum per annum payable half-yearly on the day of and the day of And, by way of security for the said payment, we do hereby grant and asign unto the said A.B., his heirs, executors, administrators and assigns such proportion, of the moneys arising or accuring by virtue of the said Act from (the taxes mortgaged) as the sum aforesaid both or shall bear to the whole sum which is or shall be borrowed on the credit of the said (taxes), to hold to the said A.B., his heirs, executors, administrators and assigns from the day of the date hereof until the sum aforesaid with interest for the same at the rate aforesaid shall be fully paid and satisfied; And it is hereby declared that the said principal sum shall be repaid on the day of 18 at (place of payment). Dated this day of 18 (To be sealed with the common seal of the corporation.) (Signed) Municipal Commissioner on behalf of the Corporation. This debenture has been sealed with the common seal of the Municipal Corporation of 3[Brihan Munibai] 4[in our presence of :— (Signed) 1. ................................................... Members of the Standing Committee] 2. ...................................................