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Power to Board of Trade to reject application ;
in which case contracts shall be void.
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52. Nothing in this Act shall make it obligatory on the Board of Trade to settle a draft of a certificate in any case, if it appears to the Board of Trade for any reason that the application of the promoters should not be complied with; and in case the Board of Trade reject any application, all contracts for the purchase or taking of lands for the purposes of the undertaking shall cease to be binding on either party.
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