Gawler Railway Act 1857 (SA)

ANNO VICESIMO PRIM0

An Act to authorize the raisiny of n ,fiwthcr ~21111 of &l;cni+y-three

Thousand Pounds, jbr the cos~pletiofr of tbc ~ d c l n b l ~ and Omuler

Town Railway and Addaide CO& a j d Port Iiailzuay, and to pro-

vide for additional l2ollitlg-stoclc. ,-

5u&d .+'c- @C / /c* 2.:

[Assented to, 27th January, 1858.1 3- ,* ,- -5 d-yd

V

# '

HEREAS, by a certain Act, No. 18 of 1851, "To authorize I'rcamb1c-

/ '

W

the formation of the Adelaide and Gavlrlrr Town Railway, and to provide for raising the money requirecl for that pwpose," provision was madc for thc raising of a sum of 'L'wo liuizdrcd and Fifty Thousand Yourlds by means of bonds, to bc issued as thcrcin provided; and for the application of such slim to the purposes of the construction of the said railway: And whereas, by a certi~in Act, No. 27 of 1855-6, "To autlmizc: the appointment* of' Soutll Bus- tralian Itailway Cornrxiissiollcrs, and to vcst in them the con- struction of the Adelaide City and Port liailwuy, and of the Adclaicle ancl Gamler Town Itailway, and to autllorize thc rais- ing of a further sum of Thirty-six Thousand Pol-ulds for the com- pletion of the Adclaide City ailcl. Port Itailway;" provision was

made for raising such last-mentioned sum, a i d for the payment

thereof to the South Australian Railway Commissioners as IJudcr-

takers for the construction, com.plction, and managcinmt of the

last-mentioned Railway: And n hcreas such sums h a ~ c bccn found

inadequate for such purposcs, and an additional sum is rcquircd for

the completion of tllc said railways: And it is expedient therefore

that a further sum of money should be raised by the issue of bonds,	.
and should be paid to the South Australian Railway Commissioners, for the purposc of completing the said railways, and providing
additional rolling-stock for the same, as uutliorized by the said

N recitud

recited Acts: Be it therefore Enacted, by the Governor-in-Chief of the Province of South Australia, with the advice and consent of the Legislative Council and House of Assembly of the said Province in this present Parliament assembled, as follows-

Tressurer to raise

S73,OOO. 1. I t shall be lawful for the Treasurer, for the time being, of the said Province, from time to time, to issue bonds, not exceeding in the whole the sum of Seventy-three 'lhousand Pounds, for such amounts as he may deem expedient; and such bonds shall be in the form following, that is to say-

Form of bond. NO. $ KO. $.

South Australian Revenue Securities.

(Railway.)

I, the Treasurer of the Province of South Australia,

in consideration of the sum of Pounds paid to me for the purposes of the South Australian Railways, do hereby bind myself to pay to the holder, for the time being, of this present obligation, the sum of

Pounds, and interest thereon after the rate of six per ccnt, per annum; such interest to be payable on the first day of January and the first day of July in every year, and the principal to be paid on the first day of 3

in the ycar one thousand eight hundred and

Scaled with my seal. Datcd the day of h >

one thousand eight hundred and

Signed, sealed, and delivered in

the presence of

NOTE.-I~zterest and principal payable at the Treasury in Ade-

laide, South A.ustralia, or [in London or in any other

agrccd place, to be declared %t the time of' issue], at such

as may be appointed, by notice to be given in the

South Austrulia?~ Govewzme~zt Gazette [and	in the London
Gaxette].

And every holder of any such bond, for the time being, shall be

in the like manner as though he had been named therein as the entitled to all rights and remedies, under and in respect uf tjhe same, obligee thereof.

Bonas to bear interest	2. The said bonds shall bear interest at the rate of Six Pourds er centum per annun1; and the interest and principal upon such gonds shall be payakle and paid to the holder thereof, at such place and time as may be specified or provided therein; provided that the principal shall not be payable or paid before the expiration of five years or after the expiration of thirty pears after the passing of this Act.
at six per cent.
Moneys raised by
bonds, bow applied.	3. All sums of money raised and received by the Treasurer upon the secnrity of the said bonds, shall be carried by the said Treasurer to the credit of the " South Australian Railway Commissioners," for the completion of the said railways, and providing for additional

rolling-stock

rolling-stock for the same, and shall be by him paid to the said Commissioners, in such amount and manner as the Governor., by any warrant under his hand, may, from time to time, authorize and direct.

4. I t shall be lawful for the said 'I'rcasurer, and he is hereby $7,300 to be set apart annually for payment

required, in each and every year from the first raising of any snms oiprin~ipainnd

of money under the authority hereof, until the whole of the amounts intere"t.

so raised, and all interest thereon, shall have been duly paid, to

set apart Seven Thousand Three Hundred Pounds, or such lesser sum

as shall suffice to pay the amount of bonds redeemable during such

year, together with interest upon a11 bonds which shall then bcar

interest; and shall apply such sum in payment of such bonds and

interest as aforesaid, in manner specified in such bonds.

warrant under his hand, to authorize the Treasurer to advance and 5. I t shdl be lawful for the Governor, from time to time, by ~ ~ ~ ~ ~ ~ ~ ~ ~; :, ; B

pay to the said " South Australian Railway Commissioners," for the pu rp~swof this Act, any sums of money not exceeding in the whole the sum herein authorized to be raised; and any sums of money so advanced and paid shall be retained by the 'i'reasurer out of any moneys raised by him under authority hereof.

for

6. Anything in the " Land Clauses Consolidation Act" to the con- Extension exercise of compulsory

trary notwithsta~icling, i t shall be lawful for the " South Australian powers.

Railway Cummissioners" to exerciscl the powers conferred upon them for the compnlsory purchasrt or taking of lands for the construction

of the Railway from Aclclnidcl t,o Gawlcr Town, until thc thirty-first

day of Ucccmber, one thousand eight hundred and fifty-eight.

P - - - - -. -- -

-

- - ---p----.-- -

Adelaide: Printed by authority, by W. C.