Wilson’s Estate Act 24 Vic (NSW)

Wusow's Trusters, At) Act to enable the Trustees of a Settlement

Preamble.

made by Mr. Joseph Wilson of Land at Balmain to sell the said Land and to make provision for the Investment of the Proceeds

of the Sale thereof. [9th May, 1861.]

ITEREAS by an indenture bearing date on or about the fifteenth

day of July one thousand eight hundred and fifty-two and

made between John Fraser Gray of the first part Joseph Wilson of the second part Mary Wilson wife of the said Joseph Wilson of the third part and John Campbell of the fourth part reciting that the said Joseph Wilson had contracted with the said John Fraser Gray for the purchase of the parcel of land therein described for the sum of five

hundred and 'fifty pounds and being desirous of making some separate provision

1861. 24" VIC.

Wilson's Trustees.

provision for the said Mary Wilson his wife had requested the said John Fraser Gray to convey the same upon the trusts and subject to the powers provisoes and declarations thereinaftcr cont: ained It was witnessed that in consideration of five hundred and fifty pounds paid by the said Joseph Wilson to the said John Fraser Gray the said John Fraser Gray by direction of the said Joseph Wilson appointed and released unto the said John Campbell a certain parcel of land at Bal- main in the said indenture described containing one acre one rood and eighteen perches to hold the same unto and tothe use of the said John Campbell and his heirs upon certain trusts in the said indenture expressed for the benefit of the said Mary Wilson during her life or widowhood and the children of the said Joseph and Mary Wilson And whereas the said indenture contains no power for the Vt ustee or Trustees therein named or thereby to be appointed to sell the said land to grant leases thereof ox to ereate any tenancy upon the security of which a fenant or oceupicr would he induced to expend money in repairs And whereas the buildings on the said land are in such a dilapidated condition that they will soon become wholly untenantable and thereby cease to yield an income and there are no funds belonging to the said trust estate available for the repair of the said buildings 'And whereas it is considered that if authority can be obtained for the sale of such land the proceeds of the sale thereof may from time to time be advantagcously invested in the purchase of other lands in New South Wales or upon veal or Government. scewrity therein And whereas the said Joseph Wilson and the said Mary Wilson are desirous that the said lands should be sold and the proceeds thereof invested as aforesaid Be it therefore enacted by the Queen's Most Excellent Majesty by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled and by the authority of the same as follows—