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If any recorded proprietor or co-partner of
an estate shall deposit with the Collector money, or Government securities, endorsed and made payable to
the order of the Collector, and shall sign an agreement pledging the same to Government by way of
security for the jumma of the entire estate and authorizing the Collector to apply to the payment of any
arrear of revenue that may become due from that estate the whole or any portion of the said money or
securities that may be necessary for that purpose, then in the case of any arrear of revenue due from the
said estate not being paid before sunset of the latest day of payment fixed under III of this Act, the
Collector shall apply to the payment of such arrear the said money or securities, as may be necessary ; and
for this purpose the Collector shall first apply any money that may be in his hands and any interest that
may be due upon such securities, and may then sell and transfer the securities, for any balance that may
remain, And so long as any money or securities as aforesaid, sufficient to cover any arrear that may fall
due, shall remain and he available as aforesaid, the estate for the protection of which the said deposit was
made shall be exempted from sale for arrears of revenue. All monies and securities so deposited shall be
exempt from attachment otherwise than in execution of a decree of a Civil Court.
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