Glen Innes Markets Leasing Act 1886 50 Vic (NSW)

G Len INNES Markets LEasing.

Preamble

Markets riot to be erected,

Council may horrow money to build offices,

Moneys to be applied to building purposes.

50° VIC, 1886.

Glen Innes Markets Leasing.

An Aet to enable the Municipal Council of Glen Innes to erect oftices upon certain land granted for a Town-hall and Public Markets and to mortgage such land and the buildings to be erected thereon and to lease such offices for terms not excced- ing five years. [80th July, 1886. ]

J WHEREAS by deed of grant from the Crown under the Great Seal of the Colony of New South Wales bearing date the twenty- fourth day of April in the year of our Lord one thousand cight hundred and seventy-nine the two several parcels of Jand deseribed in the Schedule hereto were granted unto the Municipal Council of Glen Inncs to be used for a site for a town-hall and public markets to be held unto the said Council in trust for the erection thereon of a town-hall and public markets and for no other purpose whatsoever upon the conditions and subject to the reservations in the said deed of grant expressed and subject to the proviso among others that if the said land should be used by the grantees for any purposes other than for the site of a town- hall and public markets then the said two several parcels of land should be forfeited and revert unto Her Majesty the Queen her heirs and successors And whereas it would be more for the benefit of the Municipality of Glen Innes and of the inhabitants thereof that offices showld be built upon the said land than that public markets should be erected thereon in accordance with the trusts contained in the said deed of grant and it is expedient that the said Council should have power to build such offices upon the said land as well as a town-hall And whereas the said Council is unable with due regard to the other requirements of the said Municipality to provide tunds for the erection of such town-hall and offices without borrowing money upon sccurity of the said land and the buildings to be erected thereupon and it is expedient that the said Council should have power and authority to mortgage the said land and the buildings to be erected thereon to enable them to provide funds for such erection And whereas it is ex- pedient that the said Council should have power from time to time to lease the said oflices to he erected upon the said land for any terms not exceeding five years Be it therefore enacted by the Queen's Most Excellent Majesty by and with the advice and consent of the Legis- lative Council and Legislative Assembly of New South Wales in Par- liament assembled and by the authority of the same as follows :—