Lawson's Estate Mortgage Enabling Act of 1896 60 Vic (NSW)

1896. 60° VIC. 15

Leasoson' 8 Listate Morty gage Enabling.

An Act to authorise the trustees of a settle- Lwows

Estate Morrcage

ment made by Archibald Lawson to | #ssusc.

mortgage certain lands and hereditaments comprised in the said settlement, for the

purpose of cnabling the trustees to effect

improvements thereon. [10th November, 1896. ]

HEREAS Archibald Lawson, late of Nyngan, in the Colony of Preamble.

New South Wales, innkecper, deceased, by indenture of scttle-

ment, dated the twenty-cighth day of November, one thousand eigh hundred and ninety, assured unto John Geach Keane, then of Nyngan aforesaid, but now of Trangic, in the said Colony, innkeeper, and 'Ayehibald M'Callum, of Dubbo, in the Colony aforesaid, gentleman, and their heirs and assigns (thercinafter called the said trustees), al that piece or parcel of ls ind deseribed in the Schedule her cunder, upon trust to hold the said land until Archibald Lawson, the youngest child of the said scttlor, should arrive at the age of twenty-one years, anc in the meantime and until the trusts therein contained were performec and executed to receive the rents, issues, and profits thereof, and the same to apply towards the maintenance, education, and support of the said settlor's three children thereinafter named, and any surplus to invest in good security until the respeetive times for distribution of proceeds of sale of the said land and hereditaments as thereinatter appeared, and thereafter the same to divide equally amongst the said clildven ; and immediately after the said 'Avehibald Lawson should arrive at. the age of twenty-one years to scll and dispose of the said lands, hereditaments, and premises by public auction or private contract for the best price that could be obtained, and the proceeds thereupon arising on such sale immediately to divide ec ually amongst Jane Ann Lawson, John Lawson, and the said Archibald Lawson, children of the sud settlor, in equal shares, and in the case of the said Jane Ann Lawson, frec from the control of her husband, if she should be then or thereafter married, and to her sole and separate use; and it was thereby declared that should the said Archibald Lawson not attain the age of twenty-one years then the said trustees should hold the said lands an hereditaments upon trust to sell the same as aforesaid upon the said John Lawson arriving at that age, and the proceeds should be divided equally between the said John Lawson and the said Jane Ann Lawson m cqual shares; and it was thereby further declarec that should the said John Lawson not attain the age of twenty-one years then the said trustces should hold the said lands, hereditaments and premises in trust for the said Jane Ann Lawson until she should attain that age, and from and immediately thereupon or thereafter upon such trusts, to such uses, and for such ends, intents, and purposes as the said Jane Ann Lawson, her heirs and assigns should by decd or will direct, limit, or appoint, and in default of such direction, limitation, or appointment then in trust for the said Jane Ann Lawson and her heirs; and it was also thereby agreed and declared that in the event of the death of any of the said children before the respective times thereby allotted and appointed for sale of the said lands and hereditaments and the distribution of the procceds of such sale, the said trustees should hold such lands and hereditaments subject to the trusts aforesaid upon trust for the surviving child or children, his, her,