Section 262: Discharge in other cases.

Except as otherwise provided in this part of this Act the liability of a body shall :(a) in respect of any registered bond or securities redeemed on or after the date on which payment of the principal amount becomes due, be discharged after the lapse of six years from that date;
(b) in respect of any securities in place of which a duplicate is issued under section 257 of this Act be discharged after the lapse of six years from the date of the issue of such duplicate or from the date of the last payment of interest on such securities, whichever date is later;
(c) in respect of a securities for which a renewed securities is issued under section 258 of this Act or upon a consolidation or subdivision under section 259 of this Act, be discharged after the lapse of six years from the date of the issue of the renewed securities or of the new bond or securities, as the case may be.