Armstrong’s Settlement Act of 1886 50 Vic (NSW)

An Act to appoint Trustees in the Colony of New South Wales of Mrs. Mary Susannah Long Armstrone's marriage settlement and to authorize the retention and invest- ment in the said Colony of the trust funds and property comprised in or subject to the trusts thereof and otherwise to make provision in respect of the premises. [8th October, 1886.]

V ILEREAS by an indenture dated the twenty-first day of Decem-

ber one thousand cight hundred and seventy and made between John Armstrong of the first part and the said Mary Susannah Long Innes now Mary Susannah Long Armstrong of the second part and Edward Lawes Pym Reginald Gipps Long Innes James Armstrong and Richard Dawes the younger of the third part being the settlement of the property of the said Mary Susannah Long Armstrong made by her previously to and in consideration of her marriage with the said John Armstrong after reciting that a marriage had been agreed upon and was then attended to be shortly solemnized between the said John Armstrong and the said Mary Susannah Long Innes And reciting the respective + wills of James lay dock Reiby and. "Mar 'y Reiby both decease dd and the will and codicil of Elizabeth Ann Innes deceased under which and by virtue whercof the said Mary Susannah Long Innes was entitled to certain shares of and in certain real and personal estate in the Colonics of New South Wales and Tasmania And also (interalia) that

no

ARMSTRONG''S SETTLEMENT,

Preamble.

124,

50° VIC. 1886.

Armstrong's Seltlement.

no division of the properties comprised in and subject to the trusts of the said wills respectively had then been made but the same were respectively held by the Trustees of the said respective wills in trust for the persons beneficially entitled to or interested therein respectively in undivided shares and no accurate particulars of the said properties had then been furnished to the said Edward Lawes Pym Reginald Gipps Long Innes James Armstrong and Richard Dawes the younger it was witnessed that in pursuance » of the agreement entered into on the treaty for the said then intended marriage and in consideration of the said then intended marriage she the said Mary Susannah Long Innes with the privity and approbation of the said John Armstrong testified by his execution thereof and according to the several natures and quality of the property and to her estate and interest therein did thereby grant and assign unto the said Edward Lawes Pym Reginald Gipps Long Innes James Armstrong and Richard Dawes the younger theit heirs executors and administrators All and singular the shares interests estates hereditaments and premises of in or to which she the said Mary Susannah Long Innes was seized possessed or otherwise entitled in possession reversion expectancy or otherwise howsoever under or by virtue of the said wills or codicils therein recited of the said James Haydock Reiby Mary Reiby and Elizabeth Ann Innes or any or either of such wills or codicils to hold the said premises there- inbefore granted and assigned or expressed or intended so to be unto and to the use of the said Edward Lawes Pym Reginald Gipps Long Innes James Armstrong and Richard Dawes the younger their heirs executors administrators and assigns according to the nature and quality thereof upon the trusts and for the intents and purposes and with under and subject to the powers provisions and declarations there- inafter expressed and declared or referred to concerning the same And it was thercby expressed and declared that the said Edward Lawes Pym Reginald Gipps Long Innes James Armstrong and Richard Dawes the younger their executors and administrators and other the Trustees or 'Trustee for the time being of the said indenture should stand possessed of all the said trust premises thereby assured upon the trusts thereinafter expressed concerning the same respectively that was to say in trust for the said Mary Susannah Long Innes until the solemnization of the said then intended marriage and after the solem- nization thereof upon trust that the said Trustees and Trustee for the time being should as and when the trust premises or any part thereof should come into their or his actual legal possession sell the same in manner therein mentioned and should lay out and invest the moneys arising from such sale and conversion and all and every other the principal sum and sums of money which might come into their hands in respect of the shares and interest thereby expressed to be assured in any of the public stocks or funds of Great Britain or in stock of the Bank of England or Ireland or in East India stock or in any loan of the East Indian Government (old or new) or upon security of any freehold copyhold or customary messuages lands or hereditaments in England or Wales for any term of years whereof not less than sixty years should be unexpired at the time of investment or in or upon any mortgages charges or investments authorized or sccured by the Land Drainage Acts or other Acts of Parliament (of a like nature) whether then already passed or thereafter to be passed and whether such Acts should be public or private Acts or upon any mortgage of rates authorized by Act of Parliament for any town city borough or county in the United Kingdom or in or upon security of the debentures or debenture stock or bonds or mortgages or guaranteed or preference shares or guaranteed or preference stock of any Company incorporated by Act of "Parliament or otherwise for the purpose of carrying on and then