Cohen’s Estate Act of 1884 47 Vic (NSW)

con's tsrare. An) Act to enable the Trustees of the Will of Mr. Michael Cohen deceased to sell certain land in Park and Castlereagh Streets Sydney and to make provision for the investment of the proceeds thereof. (2nd May, 1884. |

HEREAS Michael Cohen late of Pitt-street Sydney licensed victualler by his last will and testament bearing date the third

day of February one thousand eight hundred and sixty-four devised all his real estate unto Sigmond Hoffnung (in the said will called Sigmund Woffman) his heirs and assigns upon certain trusts in the said will mentioned for the benefit of his wife and children And

whereas the said testator died on the twenty-seventh day of January one

Preamble.

1884. AT? VIC. 19

Cohen's Estate.

one thousand cight hundred and sixty-five leaving Priscilla Cohen his widow and cight children him surviving And whereas by indenture bearing date the nincteenth day of October one thousand cight hundred and seventy- -one and made het cen the said Sigmond Hoffnung of the one part and Priscilla Cohen and Lewis Solomon of the other part the said Priscilla Cohen and Lewis Solomon were duly appointed trustees of the said will in the place of the said Sigmond Hoffnung. And whereas alter this Act had been reported upon by a Seleet Committee of the Legislative Assembly the said Priscilla Cohen departed this life And whereas the said Lewis Solomon is the surviving trustee of the said will And whereas the said will contains no power for the trustee or trustees therein named or thereby to be appointed to sell the said land to grant leases thereof or to ercate any tenancy upon the sccurity of which a tenant would he induced to expend money in repairs And whereas the buildings on certain land in Park and Castlereagh streets in the City of Sydney devised by the said will 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 it would be highly beneficial for all parties inter- ested in the said trust estate that the trustees of the said will should be empowered to sell the said land in Park and Castlereagh Strects and to invest the proceeds of the sale thereof in the purchase of other lands in New South Wales or upon real or Government sccurity therein 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 :—