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AUCTION SALES LAW, 1989 (PNDCL
230)
ARRANGEMENT OF SECTIONS
Section
1. Establishment of the
Auctioneers Registration Board
2. Composition of the Board
3. Functions of the Board
4. Meetings of the Board
5. Qualification of an auctioneer
6. Application for auctioneer's
licence
7. Auctioneer's licence
8. Licence fees
9. Applicant to enter into bond
10. Place of business and sale
11. Suspension or revocation of
licence
12. Sale of property by auctioneer
13. Notice of sale
14. Sale of spirits
15. Sale of firearms and
ammunition
16. Sale of land
17. Sale with or without reserve
18. Report of sale to District
Secretary
19. Moneys due
20. Authority of the auctioneer
21. Limitation on the authority of
auctioneer
22. Authority to give warranty
23. Termination of authority
24. Revocation of auctioneer's
authority
25. Effect of advertisement of
auction
26. Duties of the auctioneer
27. Auctioneer's duty to account
28. Bidding
29. Withdrawal of property
30. Remuneration of auctioneer on
sale
31. Auctioneer's lien
32. Vendor to indemnify auctioneer
33. Auctioneer to interplead
34. Failure to sign binding
contract
35. Breach of warranty of
authority and fraud
36. Auctioneer to sue in his own
name
37. Privilege from distress
38. Action for conversion
39. Order or suspension or
revocation from the Court
40. Auctioneer to keep account
41. Annual report of the Board
42. Audit
43. Financial year of the Board
44. Interpretation
45. Regulations
46. Repeal
SCHEDULES
First Schedule—Auctioneer's
Licence
Second Schedule—Bond
IN pursuance of the Provisional
National Defence Council
(Establishment) Proclamation, 1981
this Law is hereby made:
Section 1—Establishment of the
Auctioneers Registration Board.
There is hereby established an
Auctioneers Registration Board in
this Law referred to as "the
Board".
Section 2—Composition of the
Board.
(1) The Board shall consist of the
following persons who shall be
appointed by the Provisional
National Defence Council:
(a) a representative of the
Ministry of Interior who shall be
Chairman of the Board;
(b) the Registrar-General or his
representative;
(c) the Inspector-General of
Police or his representative, not
below the rank of Assistant
Commissioner of Police;
(d) a representative of the
Ministry of Local Government;
(e) a representative of the Ghana
Institute of Surveyors;
(f) a representative of the Ghana
Auctioneers Association; and
(g) three other persons who in
the opinion of the Council can
assist the Board in the discharge
of its functions.
(2) The members of the Board shall
be appointed for such periods and
on such other terms and conditions
as the Council may determine.
Section 3—Functions of the Board.
(1) The Board shall have the
following functions:
(a) grant auctioneers licences;
(b) register auctioneers;
(c) revoke or suspend such
licences;
(d) establish standards for the
conduct of auction sales; and
(e) receive complaints made by the
public in respect of registered
auctioneers or relating to auction
sales and take such disciplinary
action as it deems fit.
(2) The Board shall keep a
Register of Auctioneers in which
the Board shall enter all
auctioneers licensed under this
Law.
Section 4—Meeting of the Board.
(1) The Board shall meet at such
times and places as the Chairman
may determine but shall meet at
least once in every three months.
(2) At every meeting of the Board
at which he is present, the
Chairman shall preside and in his
absence, a member of the Board
appointed by the members present
from among themselves shall
preside.
(3) The quorum at every meeting of
the Board shall be five.
(4) The validity of any
proceedings of the Board shall not
be affected by any vacancy in its
membership or by any defect in the
appointment of any member thereof.
(5) Subject to the provisions of
this Law, the Board shall regulate
its own procedure.
Section 5—Qualification of an
Auctioneer.
(1) No person shall practise as
an auctioneer unless the Board is
satisfied that—
(a) he has passed a prescribed
written examination conducted
jointly by the Ghana Institute of
Surveyors and the Ghana
Auctioneers Association; and
(b) he has served an
apprenticeship for one year under
a licensed auctioneer.
(2) An auctioneer shall be bound
by the rules of conduct laid down
by the Board.
Section 6—Application for
Auctioneer's Licence.
(1) No person shall practise as
an auctioneer unless he possesses
an auctioneer's licence granted to
him by the Board.
(2) An application for a licence
shall be in writing, addressed to
the Board.
(3) The Board shall grant a
licence to an applicant where it
is satisfied with its
investigations concerning the
application and shall enter the
name of the applicant in the
Auctioneers Register.
(4) The Board may upon reasonable
grounds refuse to grant a licence
to an applicant.
Section 7—Auctioneer's Licence.
(1) All licences issued by the
Board shall be in the form
specified in the First Schedule to
this Law and shall be valid
throughout Ghana for a period of
twelve months from the date of
issue.
(2) A licence issued under
subsection (1) of this section may
be renewed.
(3) All licences issued by the
Board shall be published in the
Gazette and in the newspapers in
the relevant District.
Section 8—Licence Fees.
(1) A licensed auctioneer shall
pay in respect of each licence a
yearly fee of such sum as the
Secretary may prescribe.
(2) Amounts payable under
subsection (1) of this section may
from time to time be revised by
the Secretary after consultation
with the Board.
Section 9—Applicant to Enter into
Bond.
(1) The Board shall not issue a
licence to an applicant unless the
applicant enters into a bond in
the form specified in the Second
Schedule to this Law.
(2) The Board shall prescribe the
value of the bond.
(3) Where it appears to the Board
that the security of any
auctioneer is or has become
insufficient, it shall call upon
the auctioneer to give sufficient
security and if he fails to do so
within one month the Board may
suspend the licence of such
auctioneer until sufficient
security has been given.
Section 10—Notice of Place of
Business and Particulars of Sale.
(1) Every auctioneer shall before
the commencement of any sale by
auction and during the time of the
sale, display in a conspicuous
part of the place where the
auction is being held notice—
(a) containing his full name and
residence or the name of his firm
and the office address written in
large letters so as to be publicly
visible and legible; and
(b) a clear description giving
particulars of the quality and
quantity of the items intended to
be auctioned.
(2) Where an auctioneer fails to
comply with the requirement of
subsection (1) of this section, he
shall be guilty of an offence and
liable on conviction before a
court or Tribunal to a fine not
exceeding ¢10,000.00 or to
imprisonment not exceeding six
months or to both and the Board
shall suspend his licence for such
period as it may deem fit or
revoke the licence.
Section 11—Suspension or
Revocation of Licence.
(1) Where the Board makes an order
suspending a licence, the licence
shall cease to be of any effect
during the term of suspension and
where the licence is revoked, the
licence shall cease to have any
effect and the registration of
such auctioneer shall be
cancelled.
(2) Any auctioneer aggrieved by
the suspension or revocation of
his licence may petition to the
High Court for the restoration of
his licence.
Section 12—Sale of Property by
Auctioneer.
(1) Subject to subsection (2) of
this section every auctioneer
shall at the request of the owner
of any property undertake the sale
of the property and shall sell
such property within such time as
the owner may require, or as soon
thereafter as is possible, having
regard to the sale or other
property with which he has been
entrusted.
(2) The auctioneer shall not be
bound to sell such property sooner
than seven days after he has
undertaken the sale thereof and
nothing in this subsection shall
be construed as restricting any
auctioneer from selling at the
same sale the properties of more
than one owner if those properties
are lotted consecutively and in
such manner that no property of
one owner shall become mixed with
the property of another owner.
Section 13—Notice of Sale.
(1) Where the goods to be sold by
auction are not perishable or
damaged goods the auctioneer shall
give not less than seven days
notice of sale to the District
Secretary of the district where
the sale is to take place.
(2) A notice of sale shall—
(a) state the time and place of
the sale; and
(b) give a catalogue of the goods
to be sold.
(3) The auctioneer shall exhibit
in the district copies of the
notice conspicuously for two days
and at no less than three public
places.
(4) Without prejudice to
subsection (3) of this section,
the auctioneer shall ensure that
notice of the sale is given on the
day of the sale through the
beating of a drum, a gong-gong or
such other means of communication
as may be appropriate in the area.
(5) An auctioneer who contravenes
the provisions of this section
shall be guilty of an offence and
liable on conviction before a
court or Tribunal to a fine not
exceeding ¢5,000.00 or to
imprisonment not exceeding three
months or to both.
Section 14—Sale of Spirits.
(1) Except as otherwise provided
in this section no licence granted
under this Law shall authorise any
person to deal in or sell, either
on account of or for the benefit
of himself or of any other person,
any spirits the sale of which a
licence is required by law, except
upon premises in respect of which
the owner of such spirits has
taken out a proper licence for the
sale thereof which is in force at
the time of the sale.
(2) Any licensed auctioneer may
sell by auction in any town or
place, samples of any spirits if
the owner thereof has been duly
licensed to sell such spirits in
the same town or place, and no
spirits shall be sold at any such
sale in any smaller lots or
quantities than the whole contents
of such cask or other vessel in
which the same are actually
contained at the time of sale.
(3) Nothing in subsection (2) of
this section shall restrict any
licensed auctioneer from selling
any spirits which under the Liquor
Licensing Act, 1970 (Act 331) or
any other law for the time being
in force, may be sold without
licence.
Section 15—Sale of Firearms and
Ammunition.
An auctioneer may sell by auction
firearms or ammunition without
being registered as a firearms
dealer if he has obtained a permit
for the purpose of the sale from
the Inspector-General of Police
and complies with the terms of the
permit.
Section 16—Sale of Land.
(1) No sale by auction of any land
shall take place unless the
auctioneer has given at least
twenty-one days' public notice of
the sale at the major town of the
district in which the land is
situated, and also at the place of
the intended sale.
(2) The notice which shall state
the name and place of residence of
the vendor shall be made in
writing and where necessary by the
beating of drum or gong-gong or
such other method intelligible to
the public as the District
Secretary of the district where
such sale is to take place may
direct.
(3) Any auctioneer who sells any
land by auction in contravention
of the provisions of this section
shall be guilty of an offence and
liable on conviction before a
court or Tribunal to a fine not
exceeding ¢50,000.00 or to
imprisonment not exceeding 12
months or to both.
Section 17—Sale with or without
Reserve.
(1) The auctioneer shall state the
particulars or conditions of sale
by auction of any goods or land
whether such sale is without
reserve, or subject to a reserved
price, and whether a right to bid
is reserved by the vendor.
(2) Where the auction sale is as a
result of a judgment debt, the
sale shall be subject to a
reserved price to be determined by
the court which gave the judgment.
(3) Where the sale is without a
reserved price it shall not be
lawful for the vendor or any
person acting on his behalf or
employed by him to bid at such
sale or for the auctioneer
knowingly to take any such
bidding.
(4) Where the sale is subject to a
reserved price as regards any one
or more specified lots, it shall
be lawful for the vendor or any
person employed by him to give one
bid for each such lot and no more;
and such bid shall be openly
declared at the auction upon the
lot being put up for sale, before
any other bidding for such lot is
received.
(5) Where the sale is subject to
the right of the vendor to bid it
shall be lawful for the vendor or
for any one person acting on his
behalf, but not more than one, to
bid at such auction in such manner
as he thinks proper.
(6) Where the vendor or any person
acting on his behalf or employed
by him, bids at any sale contrary
to any provisions of this section,
any purchaser may refuse to fulfil
his purchase; but the highest bona
fide bidder shall be entitled, if
he so elects, to have the goods or
land at the price offered by him.
(7) Where the sale is subject to a
reserved price, the sale shall not
take effect even when the property
is knocked down to the highest
bidder if the highest bid is lower
than the reserved price and in
such a case the highest bidder has
no right of action.
Provided that where an auctioneer
signs a memorandum of the contract
after accepting a bid below the
reserved price he thereby
impliedly warrants that he has
authority to sell at the price
named, and is liable to the
purchaser for breach of warranty
of authority.
(8) Any auctioneer who knowingly
receives a bid made contrary to
any of the provisions of this
section shall be guilty of an
offence and shall be liable on
conviction before a court or
Tribunal to a fine not exceeding
¢100,000.00 or to imprisonment not
exceeding three years or to both.
Section 18—Report of Sale to
District Secretary.
(1) An auctioneer shall within
seven days after every auction
sale furnish a complete account of
the sale verified by him by
statutory declaration to the
District Secretary of the
district, specifying the price at
which each lot was sold.
(2) Any auctioneer who fails to
furnish such account shall be
guilty of an offence and liable on
conviction before a court or
Tribunal to a fine not exceeding
¢10,000.00 or to imprisonment not
exceeding three months or to both.
Section 19—Moneys Due.
(1) An auctioneer making any sale
by auction shall, unless it is
agreed otherwise between him and
the vendor, be entitled to sue for
the recovery of all sums and the
discharge of all liabilities due
in respect of such sale.
(2) An auctioneer shall, unless it
is otherwise agreed between him
and the vendor, be liable for the
due payment to the vendor of the
net proceeds of every sale of
property within ten days from the
date of the sale of such property.
Section 20—Authority of the
Auctioneer.
(1) Notwithstanding any law to the
contrary, in the absence of an
express instruction from the
vendor, an auctioneer shall not
receive payment of the
purchase-money otherwise than in
cash.
(2) Unless excluded by the express
terms of the conditions of a sale
the implied authority of an
auctioneer includes the authority
to receive a deposit on sale of
goods.
Section 21—Limitation on the
Authority of Auctioneer.
(1) The employment of an
auctioneer to sell any property by
public auction does not authorise
him in case the public auction
fails, to sell the property by
private contract.
(2) An auctioneer may sell his own
property as principal in which
case he may not disclose the fact
that he is selling as principal.
(3) An auctioneer is the agent of
only the vendor where he sells as
an agent except that for the
purposes of signing the contract
the auctioneer shall also be the
agent of the purchaser.
(4) Subject to subsections (2) and
(3) of this section and without
prejudice to any express
instructions of the vendor an
auctioneer has an implied
authority to sell or deal in the
subject-matter of the sale in the
way usual and customary amongst
auctioneers but such authority
shall not relieve the auctioneer
of any liability for injury caused
by his negligence to a person
attending the sale unless the
injury is caused by an unlawful
act or thing which the auctioneer
was authorised to do by the
vendor.
(5) An auctioneer has no implied
authority to conclude a sale by
private contract but where the
vendor accepts a purchaser
introduced by the auctioneer and
the vendor himself concludes a
sale to such purchaser by private
treaty, the auctioneer has a right
to claim remuneration from the
vendor.
(6) Where the auctioneer has
received payment by cheque or
other bill of exchange without the
authority of the vendor or
contrary to his authority (whether
express or implied) the vendor
shall not be bound by such payment
and the purchaser shall remain
liable for the payment of the
purchase money in which case the
vendor may sue the auctioneer for
any damages sustained by him.
Section 22—Authority to give
Warranty.
(1) Unless by express instructions
of the vendor, an auctioneer has
no authority to give a warranty at
the auction and any unauthorised
warranty given by him shall not
bind the vendor and the auctioneer
shall be personally liable to the
purchaser for breach of warranty
of authority.
Section 23—Termination of
Authority.
(1) The agency of the auctioneer
is an agency for sale by auction
only and except for the purpose of
carrying out the contract made at
the auction when the property has
been knocked down the auctioneer's
authority terminates.
(2) The auctioneer shall not
rescind such contract or introduce
into it any stipulation as to
title.
Section 24—Revocation of
Auctioneer's Authority.
(1) Until the time of conclusion
of sale and unless the contract is
such as to give the auctioneer an
authority coupled with an
interest, the authority of an
auctioneer may be revoked either
expressly or in any of the
circumstances in which an
agreement may ordinarily be
terminated.
(2) The authority of an auctioneer
may be withdrawn notwithstanding
that he has advertised the
property for sale and incurred
expenses in respect thereof.
(3) An auctioneer shall be liable
for trespass if after the
termination of his authority he
enters the premises of the vendor
for the purpose of effecting a
sale.
(4) Where the authority of the
auctioneer has been revoked, he
shall not give the highest bidder
right to the property even though
the highest bidder is not aware
that the authority of the
auctioneer has been revoked.
Section 25—Effect of Advertisement
of Auction.
(1) Subject to subjection (2) of
this section the advertisement of
an auction is merely an intimation
of an intention to sell and in the
absence of fraud, intending
purchasers who attend an auction
have no right of action if the
property is not put up for sale or
where the property put up for sale
is withdrawn.
(2) Where an advertisement amounts
to a representation of fact that
the auctioneer is authorised to
sell and this representation is
fraudulent, any person who incurs
any expense on the faith of such
fraudulent representation may sue
the auctioneer in tort.
Section 26—Duties of the
Auctioneer.
(1) The auctioneer is a bailee for
reward and he shall exercise
ordinary care and diligence in
keeping the goods entrusted to
him.
(2) The auctioneer shall on demand
by the vendor redeliver the
vendor's goods to him except where
his right of lien exists either
before sale if the authority to
sell is revoked or after sale if
the goods are unsold.
(3) The auctioneer shall sign a
proper contract binding the
purchaser and if he fails to do so
he shall be liable to the vendor
for any damages sustained as a
consequence of his neglect.
(4) The purchase of any property
at an auction by the auctioneer
himself without the vendor's
consent shall be voidable and may
be set aside at the instance of
the vendor unless there is
evidence of acquiescence.
Section 27—Auctioneer's Duty to
Account.
(1) An auctioneer shall account
for any moneys received by him on
behalf of the vendor and shall pay
such money to him.
(2) Without prejudice to
subsection (1) of this section an
auctioneer is in a fiduciary
position in respect of such moneys
received on behalf of the vendor
and an order to pay may be made
against him as trustee which if
disobeyed may render him liable to
attachment.
Section 28—Bidding.
A
bid is a mere offer and may be
retracted by the bidder at any
time before the auctioneer
announces the completion of the
sale and until the property is
actually knocked down there is no
complete contract of sale.
Section 29—Withdrawal of Property.
The vendor may before the
completion of the sale at an
auction withdraw the property from
the auction, unless the sale is
subject to a reserved price which
has not been reached.
Section 30—Remuneration of
Auctioneer on Sale.
(1) The remuneration of an
auctioneer for selling any
property by auction shall not
exceed seven per centum on the
gross amount of the sale.
(2) Where any property exposed for
sale is bought by or on behalf of
the vendor, the remuneration of
the auctioneer shall not exceed
three per centum of the amount at
which the property has been so
bought if such amount is less than
¢500,000.00 or two per centum if
it exceeds that sum.
(3) No agreement to pay or allow
any rates higher than those in
this section shall be valid or
binding; and any auctioneer who
receives or retains out of the
proceeds of any sale any higher
rates shall be liable to have his
licence suspended or revoked by
the Board.
Section 31—Auctioneer's Lien.
An auctioneer has a lien by the
custom of his business on goods
entrusted to him for sale and on
the deposit and purchase-money for
his charges and remuneration.
Section 32—Vendor to Indemnify
Auctioneer.
The vendor shall indemnify the
auctioneer for any expenses
incurred or damages sustained by
him in the ordinary course of his
employment and as the natural
consequence of the contract of
agency.
Section 33—Auctioneer to
Interplead.
Where adverse claims are made to
goods or money in the hands of an
auctioneer, the auctioneer may
interplead, subject to the Rules
of Court governing interpleader.
Section 34—Failure to Sign Binding
Contract.
(1) Subject to subsection (2) of
this section where the property is
knocked down at an auction, the
purchaser has a right of action
against the auctioneer where he
fails to sign a binding contract.
(2) The auctioneer is under no
obligation to sign such a binding
contract where the property is
advertised to be sold with a
reserved price and the bid of the
highest bidder, to whom the
property is knocked down, does not
reach the reserved price.
Section 35—Breach of Warranty of
Authority and Fraud.
(1) Where an auctioneer sells
property without or in excess of
his authority he shall be liable
to the purchaser for breach of
warranty of authority.
(2) The purchaser is entitled to
sue the auctioneer personally for
any fraud to which the auctioneer
is privy.
Section 36—Auctioneer to Sue in
his Own Name.
(1) An auctioneer may, by reason
of his lien on or special interest
in the property for sale by
auction, maintain an action in his
own name for the price of the
goods sold and delivered by him.
(2) Where the goods sold are not
the property of the vendor and are
claimed by the true owner before
payment is made by the purchaser,
the auctioneer shall not maintain
an action for the price even
though the purchaser has taken
away the goods under an express
promise to pay.
(3) An auctioneer by virtue of his
lien and special interest in the
property for sale by auction may
maintain an action of trespass or
detinue against any person who
wrongfully interferes with or
destroys the goods.
Section 37—Privilege from
Distress.
(1) Except as otherwise provided
in subsection (2) of this section
goods delivered to an auctioneer
for sale are privileged from
distress whilst at the
auctioneer's ordinary place of
business or on the premises
temporarily hired for the auction.
(2) This privilege shall not apply
to goods on the vendor's premises
even though the goods are the
subject matter of an auction sale.
Section 38—Action for Conversion.
(1) Subject to subsection (2) of
this section an action for
conversion may lie against an
auctioneer who with or without
knowledge of the true ownership of
any goods in cases not covered by
the Sale of Goods Act, 1962 (Act
137), deals with the property.
(2) The following acts shall not
amount to conversion:
(a) a mere advertisement for sale
without an actual sale;
(b) where there is a contract of
sale between the vendor and the
purchaser and the auctioneer
acting as agent of the vendor has
not taken possession or interfered
with the title in the property;
(c) where there is a private
contract between the vendor and a
purchaser and the auctioneer who
has the goods in his possession
merely delivers the goods to the
purchaser; or
(d) where without any physical
interference with the goods the
auctioneer merely arranges the
price and the goods are delivered
by the vendor.
Section 39—Order of Suspension or
Revocation from the Court.
(1) Where it appears to the court
imposing any fine under this Law
upon an auctioneer, that the
offence is of such a nature as to
require the licence of such
auctioneer to be suspended or
revoked, it shall make an order to
that effect and accordingly the
Board shall suspend or revoke the
licence.
(2) The Court shall upon making an
order of suspension or revocation
of a licence forthwith notify the
Board which shall publish the
order of suspension or revocation
in the Gazette and in one daily
newspaper.
Section 40—Auctioneer to keep
Accounts.
An auctioneer shall open and keep
separate bank accounts for his
client's moneys and shall in
respect of such accounts provide
particulars and other information
as to moneys received, held and
paid by him for or on account of
his client.
Section 41—Annual Report of the
Board.
The Board shall submit to the
Secretary, not later than three
months after the end of each
financial year, a report on its
activities in respect of that
year, together with a statement of
income and expenses for the year.
Section 42—Audit.
(1) The books and account of the
Board shall be audited each year
by the Auditor-General or by an
auditor appointed by him.
(2) The Auditor-General or the
auditor appointed by him shall
examine the statement of income
and expenses of the Board and
certify whether they are in
conformity with the Board's
records.
(3) The Auditor-General or the
auditor appointed by him shall
submit his report on the audit
done by him under this section to
the Secretary within three months
after the end of each year.
Section 43—Financial Year of the
Board.
The Financial year of the Board
shall be the same as the financial
year of the Government.
Section 44—Interpretation.
In this Law unless the context
otherwise requires—
"Council" means the Provisional
National Defence Council;
"Court" includes Public Tribunals;
"Secretary" means the Provisional
National Defence Council Secretary
for the Interior;
"Tribunal" means the National,
Regional or District Public
Tribunals.
Section 45—Regulations.
The Secretary for Interior may, by
legislative instrument, make
regulations prescribing all
matters that by this Law are
required or permitted to be
prescribed for carrying out or
giving full effect to this Law.
Section 46—Repeal.
(1) The Auction Sales Ordinance
(Cap. 196) and the Auction Sales
Ordinance (Amendment) 1983 (P.N.D.C.L.
56) are hereby repealed.
(2) Notwithstanding the repeals in
subsection (1) of this section—
(a) any regulations made
thereunder and in force
immediately before the
commencement of this Law shall so
far as they are consistent with
the provisions of this Law remain
in force; and
(b) any licence issued under the
repealed enactment and in force
immediately before the
commencement of this Law shall
continue in force until the
expiration of such licence.
FIRST SCHEDULE
(Section 7)
AUCTIONEER'S LICENCE
LICENCE is hereby granted to....................................................................................................
Dated at
...................................
this ......... day of
......................... 19
................................
Fee paid ¢............................................................................................................................
....................................
Chairman of the Board
SECOND SCHEDULE
(Section 9)
BOND
KNOW ALL MEN BY THESE PRESENT that
We.....................are held
and firmly bound unto the Republic
of Ghana in the sum of
¢................to be paid to the
Republic to which payment we bind
ourselves and each and every one
or us jointly and severally our
heirs, executors, and
administrators, and every one of
them firmly by these presents.
Sealed with
...........................................................................................................................
our Seals. )...........................................................................................................................
Dated
this....................................................................
day of ..................... 19
......................
WHEREAS the above bounded
..........................................
has applied for a licence under
the Auction Sales Law, 1989 (P.N.D.C.L.
230) authorising him to carry on
the business of an auctioneer from
the .............. day of
..................... until
...................... next and
the application has been approved,
and the above bounded
.............................. has
(or have) been also approved as
the surety (or sureties) of the
said
..............................................................
Now the condition of this
obligation is such, that if the
above-named
............................
complies with the provisions of
the Auction Sales Law, 1989 (P.N.D.C.L.
230) then this obligation shall be
void, otherwise it shall remain in
full force.
Signed, sealed and )
delivered by the said
) L.S
................................
)
In the presence of )
..............................
)
Signed, sealed and )
delivered by the said
) L.S
...............................
)
In the presence of )
............................... )
Signed, sealed and )
delivered by the said
) L.S
.............................. )
In the presence of )
.............................. )
Made this 25th day of July, 1989.
FLT.-LT. JERRY JOHN RAWLINGS
Chairman of the Provisional
National Defence Council
Date of Gazette Notification: 22nd
June, 1990.
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