365Application of purchase money

365 Application of purchase money The purchase money arising from any such sale shall be applied as follows— (a) firstly in payment of all costs charges and expenses of or incident to the sale and to any previously attempted sale of the same land; and S. 365(b) amended by No. 81/1989 s. 3(Sch. item 25.15). (b) secondly in payment of all rates taxes and other imposts and charges with or for which the grantee his heirs executors administrators or assigns or the land itself would have been legally chargeable and liable to the Crown or to any municipality or Authority under the **Water Act 1989** or any corresponding previous enactment at any time or times throughout the interval between the sealing of the undelivered or unregistered grant of such land and its sale in respect of such land had the grant thereof been duly delivered or registered at the date of sealing. The surplus (if any) of the purchase moneys shall be paid with the privity of the Minister into the Trust Funds to an account to be opened in the names of the Minister and original grantee in the manner of the original grant (specifying the same) in trust to attend the orders of the Court. No. 3709 s. 321. S. 366 amended by Nos 110/1986 s. 140(2), 79/1993 s. 11(b), 11/2002 s. 3(Sch. 1 item 39).