Cap. 26 Art. 2Investment of money in annuities.

(1) In the case of expropriation for a public purpose of any property subject to entail or in the case of licitation of any property subject to entail as provided in article 523 of the Civil Code, it shall be lawful for the competent court to order that the compensation payable in respect of the property expropriated, where such compensation is not less than one hundred and sixteen euros and forty-seven cents (116.47), or the shares of the proceeds appertaining to the co-owners of the property sold by licitation, whatever the amount thereof, be invested in the purchase of a perpetual annuity to be, upon such order, constituted by the Government of Malta, at the rate of two and one-half per centum, according to the provisions of this Ordinance, provided the court is satisfied of the expediency of such investment in the interest of the parties concerned.

(2) The court may, either in the order for the purchase of the annuity or subsequently, upon the demand of any party interested, give the requisite directions respecting the alienability of the annuity.

(3) The court may also order that the capital of the annuity shall remain subject to the same entail as a for the surrogatum property expropriated or sold by licitation.

(4) Where the annuity is declared to be inalienable or subject to entail, such fact shall be expressly stated in the writings referred to in articles 4 and 6.