GIFT OF PROPERTY FOR
HOSPITAL [CD1]
Let
It Be Know To All Men that I………………….. s/o …………….r/o……………..(hereinafter called
the
Donor,
owner in possession of land described in the schedule annexed herewith,
intending to construct and start a hospital in ……………………… for providing free
medical facilities to the poor inhabitants of ……………………… , desire to donate the
aforesaid land to Mr…………………………… s/o………………….r/o………………..(hereinafter called the
Donee).
Both
The Donor And Donee Hereby a Agree to The Following :
1.
That the donor does hereby
and hereunder of his free will and without force, compulsion or undue
influence, give, grant, convey and assign the entire land (described in the
schedule) unto and to the use of the donee and his successors and heirs for the
purposes of a site for construction of the said hospital. To have and hold the
same so long as it would be utilized for the purpose for which it has been
donated.
2.
That the donee hereby
accepts the gift made hereinbefore solely and exclusively fore the purpose
mentioned above and subject to conditions hereinbefore stated.
3.
That it is also agreed
between the parties that if the land so gifted is not utilized for the purpose
for which it has been donated within a span of three years from the date of the
execution of this deed of gift or the said hospital is demolished or shifted
elsewhere or amalgamated with some other hospital, the present deed of gift
shall stand revoked automatically and the land so gifted and all buildings and
structures thereon shall revert back to the donor or his heirs and successors
as the case may be and shall form part of his former estate as if such deed of
gift was never executed.
4.
That the parties further
agree with each other that in the event of the land so gifted being required by
the Government, the donee and his successors shall be entitled to the
compensation shall be reinvested in the purchase of land and construction of
the building of the hospital.
5.
That the estimated value of
the land so gifted is Rs………………
In Proof Whereof the
donor has executed this deed and delivered the same to the donee who has also
executed the same in token of acceptance thereof on this …………………..
The schedule referred
above signed, sealed and delivered
Sd/-Donor………………….
Sd/-Donee…………………
Witnesses:
1. Sd/-
……………..
2. Sd/-……………..
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