Bright’s Estate Leasing Act 1899 (NSW)

Beraur's Eas AN Act to enable William John Wiseman and

LEASING.

Preamble.

William Robson or other the trustees or trustee for the time being of the will of the late John Bright to grant building and im- proving leases of certain lands devised by the said will, and to make roads, streets, and ways over and upon the said lands; and

for other purposes

[29th December, 1899. ]

W ane REAS John Bright, late New South Wales, merchai

will and testament, dated the twe

thousand cieht hundred and cig Francis Woodward, of Wollongong

connected therewith.

of Wollongong, in the Colony of it, duly made and executed his last nty- -seventh day of February, one ity-three, and thereby appointed aforesaid, gentleman, and William

John Wiseman, of the same place, coachbuilder, the trustees and

executors of his said will, and (éxfer all his real and all the residue of

aliv) gave, devised, and bequeathed nis personal estate whatsoever and wheresoever,

Act, 1899. Bright's Estate Leasing.

wherescever, of or to which he should at his death be seized, possessed, or entitled, or over which lie should have a general power of appoint- ment or disposition by will unto his said trustees, their heirs, executors, and administrators respectively, upon trast to permit his wile Esther Annie Lee Bright (in the said will called Esther Annie Lee), to hold, use, occupy, enjoy, or reecive the rents, issues, and profits of all and singular the lands and hereditaments situate in Crown-street, Keira-street, Market-street, Church-square, and Chureh-street, in Wollongong aforesaid, together with the houses, dwellings, easements, and appurtenances thereunto belonging or appertaining, so long as she should continue his widow,- and so that she should have the same rights thereto as a tenant without impeachment of waste. And from and immediately after the second marriage of his said wife upon trust to pay his said wife during her life an annuity or yearly rent charge of one hundred pounds sterling, to be charged upon aud issuing out of the said hereditaments and premises at. Wollongong aforesaid, to be payable quarterly and to be for her sole and separate use during any coveritue; and so that she should not have power to alienate or anticipate the same and empowered his said wife to recover payment of her said annuity when in arrears by distress and entry upon and perception of the rents and profits of the said hereditaments charged therewith, and empowered the trustees or trustee for the time being of his said will to let all or any part or parts of the said hereditaments and premises at Wollongong aforesaid for any term not execeding five years at any one time for such purposes under such conditions and in such manner as the said trustees or trustee for the time being of his said will shoud think fit. And upon trust as to all other his said real estate and the said residue of his personal estate (and also as to the said lands, hereditaments, and premises in Wollongone aforesaid after the death of his said wile) that they his said trustees or the survivor of them should in such manner and under such stipulations and upon such terms and conditions in all respects as they or he should in their or his uncontrolled discretion think fit sell, collect, or otherwise convert into money (according to the nature of the premises) all such part. of the saine premises as should not consist of money, and might buy in or reseind or vary any contract for sale or of any other description and resell without being liable for any loss, and might for the purposes aforesaid or any of them execute and do all such assurances and things as they or he should think fit. And should out of the moneys to be produced hy such sale, collection, and conversion, and all other moneys arising from or forming part of his residuary estate pay his funeral any testamentary and trust expenses and debts and the legacies bequeathed by his said will or any codicil thereto and the legacy duty or any legacies bequeathed free of duty. And direeted that the said Francis Woodward should thereout pay and retain to himself a sum equal to two