Agricultural Bank (Special Ratification) Act of 1959 (8 Eliz Ii No. 61) (Qld)

442 (Queeitatmtfc ANNO OCTAVO ELIZABETHAE SECUNDAE REGINAE. No. 61. An Act to Ratify a Certain Transaction entered into by The Corporation of the Agricultural Bank, and for other purposes. 1959.] [A ssented to 22 nd D ecember , E it enacted by the Queen’s Most Excellent Majesty, B by and with the advice and consent of the Legis­ lative Assembly of Queensland in Parliament assembled and by the authority of the same, as follows:— Short title. 1. This Act may be cited as “ The Agricultural Bank (Special notification) Act of 1959.” Ratification 2. (1.) Notwithstanding any provision of “ The torfaanscaecrttiaoinn. Co-ordination of Rural Advances arid Agricultural Bank Acts , 1938 to 1951,” or “ The Agricultural Bank (Loans) Act of 1959,” The Corporation of the Agricultural Bank as constituted under such Acts (herein called “ the Bank ”) is, and it is hereby declared always was, authorised to make advances to Roma Meatworks Pty. Limited, a company formed and registered in Queensland under “ The Companies Acts, 1931 to 1955,” (herein called “ the Company ”) and the Company is, and it is hereby declared always was, a company qualified to apply for and obtain advances from the Bank.

8 E liz . II. No. 61,1959. Agricultural Bank, Etc., Act. (2.) Without limit to the generality of subsection one of this section, the Bank is, and it is hereby declared always was, empowered and authorised to consent to the transfer to the Company of all the estate and interest of the mortgagor in all of the lands and improvements thereon comprised in Bill of Mortgage registered as No. B474351, subject to that mortgage. (3.) The Bank may, and it is hereby declared always could, make or agree to make any advance to the Company upon such security as it deems or shall have deemed fit and in particular may, and it is hereby declared always could, consent to the transfer mentioned in subsection two of this section upon the continued security of the Bill of Mortgage registered as No. B474351, except in so far as the provisions of such Bill of Mortgage are, by the Indenture of Covenant hereinafter mentioned, varied, and upon the further security of that Indenture of Covenant and Bill of Sale, both dated the twelfth day of August, one thousand nine hundred and fifty-nine, whereto the Bank and the Company are parties and which Indenture of Covenant and Bill of Sale are hereby ratified and validated.