Hay Athenaeum Trustees Enabling Act 1893 (NSW)

Aii Act to enable the trustees of the Hay A the n teii in to mortgage certain lands and buildings situated in the town of Hay, and for the declaring the trusts of the moneys raised by such mortgage. [4tit April, 1893.]

WHEREAS b y a n A c t of P a r l i a m e n t a s s e n t e d t o t h e e i g h t h d a y

of J u l y , i n t h e y e a r o n e t h o u s a n d e i g h t h u n d r e d a n d e i g h t y -

s e v e n ,	H e r	M a j e s t y	d i d	g i v e	a n d	g r a n t	u n t o	A l e x a n d e r	P e n t l e t o n
S t e w a r t ,	T h o m a s	R o b e r t s o n ,	a n d	W i l l i a m	T r a v i s ,	t h e	t r u s t e e s	of	t h e

H a y A t h e n a e u m , t h e i r h e i r s a n d a s s i g n s , a l l t h a t p a r c e l of l a n d , s i t u a t e

i n t h e t o w n of H a y , m e n t i o n e d a n d p a r t i c u l a r l y d e s c r i b e d i n t h e

S c h e d u l e t o t h i s A c t , u p o n t r u s t t o p e r m i t a n d suffer t h e s a id l a n d s t o

b e a p p r o p r i a t e d a s a s i t e o r p l a c e f o r t h e e r e c t i o n of s u c h b u i l d i n g o r

b u i l d i n g s	f o r t h e H a y	A t h e m e u m ,	e s t a b l i s h e d	i n	t h e t o w n	of	H a y ,	fo r
p r o m o t i n g	t h e k n o w l e d g e	of	t h e	a r t s	a n d	s c i e n c e s	a m o n g s t	m e c h a n i c s

a n d o t h e r s a s t h e p r e s i d e n t , s e n i o r v i c e - p r e s i d e n t , a n d t r e a s u r e r fo r t h e

t i m e	b e i n g	of	s u c h	i n s t i t u t i o n	s h o u l d	t h i n k	f i t :	A n d	w h e r e a s	i n	p u r ­
s u a n c e	of	t h e	sa id	t r u s t s ,	c e r t a i n	b u i l d i n g s	w e r e	e r e c t e d	o n	t h e	s a i d

l a n d for t h e p u r p o s e of c a r r y i n g o u t t h e o b j e c t s of t h e s a id i n s t i ­

t u t i o n : A n d w h e r e a s t h e p r e s e n t a c c o m m o d a t i o n i s u n s u i t e d t o t h e

r e q u i r e m e n t s	of	t h e	s a id	i n s t i t u t i o n ,	a n d	t h e	b u i l d i n g s	i n	u s e	a r e	i n
n e e d	of	r e p a i r	a n d	e n l a r g e m e n t ,	a n d	i t	is	e x p e d i e n t	t h a t	t h e	s a id

A l e x a n d e r P e n t l e t o n S t e w a r t , T h o m a s R o b e r t s o n , a n d W i l l i a m T r a v i s ,

s h o u l d h a v e p o w e r t o r a i s e m o n e y b y m o r t g a g e of t h e s a i d l a n d s for

t h e p u r p o s e of a d d i n g t o , e n l a r g i n g , a l t e r i n g , a n d r e p a i r i n g t h e b u i l d ­

i n g s n o w s t a n d i n g	u p o n	t h e	s a id	l a n d s :	A n d	Avhcreas	s u c h	p o w e r	of
m o r t g a g e	c a n n o t	b e o b t a i n e d	w i t h o u t	l e g i s l a t i v e	s a n c t i o n	:	R e	i t	t h e r e ­

fo re e n a c t e d b y t h e Q u e e n ' s M o s t E x c e l l e n t M a j e s t y , b y a n d w i t h t h e

e a d v i c e

a d v i c e a n d c o n s e n t of t h e L e g i s l a t i v e C o u n c i l a n d L e g i s l a t i v e A s s e m b l y

of N e w S o u t h W a l e s i n P a r l i a m e n t a s s e m b l e d , a n d b y t h e a u t h o r i t y

of t h e s a m e , a s f o l l o w s : —

1 . I t s h a l l b e l a w f u l fo r t h e s a id A l e x a n d e r P e n t l e t o n S t e w a r t ,

T h o m a s R o b e r t s o n , a n d W i l l i a m T r a v i s , o r t h e s u r v i v o r s o r s u r v i v o r of

t h e m ,	o r t h e	t r u s t e e s	o r t r u s t e e	fo r	t h e	t i m e	b e i n g	of	t h e	s a id	l a n d s ,
h e r e i n a f t e r	c a l l e d	t h e	t r u s t e e s ,	f r o m	t i m e	t o	t i m e ,	for	t h e	p u r p o s e	of

r a i s i n g a n y s u m o r s u m s of m o n e y n o t e x c e e d i n g t h r e e t h o u s a n d

p o u n d s , w h i c h i n t h e i r o r h i s o p i n i o n i t m a y b e d e s i r a b l e t o b o r r o w fo r

t h e p u r p o s e of a d d i n g to , e n l a r g i n g , a l t e r i n g , a n d r e p a i r i n g t h e b u i l d i n g s

of	t h e	sa id	i n s t i t u t i o n ,	t o	e x e c u t e	a n y	m o r t g a g e	o r	m o r t g a g e s	i n	f ee ,
o r for	a	l e s s e s t a t e ,	of	t h e	w h o l e	o r a n y p a r t	o r p a r t s	of	t h e	s a i d	l a n d s

a n d	h e r e d i t a m e n t s ,	w i t h	p o w e r	of	s a l e	a n d	a l l	o t h e r	u s u a l	p o w e r s ,
p r o v i s i o n s	a n d	c o v e n a n t s	:	P r o v i d e d	a l w a y s ,	a n d	i t	is	h e r e b y	e n a c t e d ,

t h a t t h e p o w e r of m o r t g a g e h e r e i n b e f o r e c o n f e r r e d s h a l l n o t b e

e x e r c i s e d u n l e s s a u t h o r i t y h e g i v e n b y a r e s o l u t i o n p a s s e d b y a

m a j o r i t y of a t l e a s t t w o - t h u d s of t h e m e m b e r s of t h e s a i d i n s t i t u t i o n

p r e s e n t a n d e n t i t l e d t o v o t e a t a s p e c i a l m e e t i n g of m e m b e r s , of w h i c h

a t l e a s t f o u r t e e n d a y s ' n o t i c e s h a l l h a v e b e e n g i v e n b y a d v e r t i s e m e n t

i n t w o s e p a r a t e i s s u e s of a t l e a s t o n e l o c a l n e w s p a p e r ; a n d p r o v i d e d

f u r t h e r t h a t s u c h r e s o l u t i o n s h a l l h a v e b e e n c o n f i r m e d b y a l i k e

m a j o r i t y of t h e m e m b e r s p r e s e n t a t a s u b s e q u e n t s p e c i a l g e n e r a l

m e e t i n g , of w h i c h a s i m i l a r n o t i c e a s a f o r e s a i d s h a l l h a v e b e e n d u l y

g i v e n , a n d h e l d a t a n i n t e r v a l of n o t l e ss t h a n f o u r t e e n d a y s n o r m o r e

t h a n	o n e	m o n t h	f r o m	t h e	d a t e	of	t h e m e e t i n g	a t	w h i c h	s u c h	r e s o l u t i o n
s h a l l	h a v e	b e e n	first	p a s s e d	:	P r o v i d e d	t h a t	n o	p e r s o n	w h o	s h a l l

a d v a n c e	m o n e y	u p o n	t h e	s e c u r i t y	of	a n y	m o r t g a g e	p u r p o r t i n g	t o	b e
m a d e	u n d e r	t h e	p o w e r	h e r e b y g i v e n	s h a l l	b e b o u n d	t o i n q u i r e	a s	t o	t h e

a d v i s a b l e n e s s o r p r o p r i e t y of t h e r a i s i n g of s u c h m o n e y , o r a s t o t h e

a p p l i c a t i o n	of	s u c h	m o n e y	w h e n	r a i s e d	a n d	a d v a n c e d ;	a n d	t h e	r e c e i p t
of	t h e	sa id	t r u s t e e s	f o r	t h e	m o n e y s	so	a d v a n c e d	s h a l l	e f f e c t u a l l y

d i s c h a r g e	t h e	p e r s o n	a d v a n c i n g	t h e	s a m e	f r o m	b e i n g	b o u n d	t o	see	t o
t h e	a p p l i c a t i o n	t he reo f ,	a n d	f r o m	a n y	l i a b i l i t y	i n	r e s p e c t	of	t h e	m i s ­

a p p l i c a t i o n	o r n o n - a p p l i c a t i o n	t h e r e o f	:	P r o v i d e d	a l s o	t h a t	p r i o r	t o	a n y
p r o p o s e d	m o r t g a g e	b e i n g	c o m p l e t e d	t h e c o n s e n t	of	t h e	M i n i s t e r	of	Pub l i c ;

I n s t r u c t i o n fo r t h e t i m e b e i n g s h a l l b e o b t a i n e d i n w r i t i n g a f t e r a f u l l

s t a t e m e n t t o h i m of t h e f a c t s r e l a t i n g t o s u c h p r o p o s e d m o r t g a g e .

2. T h e s a id t r u s t e e s s h a l l s t a n d p o s s e s s e d of t h e m o n e y s r a i s e d

b y a n y s u c h m o r t g a g e u p o n t r u s t i n t h e first p l a c e t o p a y t h e c o s t s

a n d e x p e n s e s of t h i s A c t , a n d i n t h e n e x t p l a c e t o a p p l y t h e s a m e i n a n d

t o w a r d s t h e a d d i n g t o , e n l a r g i n g , a n d r e p a i r i n g t h e b u i l d i n g s n o w

s t a n d i n g u p o n t h e s a i d l a n d s : P r o v i d e d a l w a y s t h a t i t s h a l l b e l a w f u l

t o a p p l y f r o m t i m e t o t i m e so m u c h of t h e f u n d s of t h e s a id i n s t i t u t i o n

a s t h e c o m m i t t e e of t h e s a id i n s t i t u t i o n s h a l l t h i n k p r o p e r i n a n d t o w a r d s

t h e p a y m e n t	of,	o r	i n	a n d	t o w a r d s	p r o v i d i n g	a	s i n k i n g	f u n d	for	t h e
p a y m e n t	of	t h e	p r i n c i p a l	a n d	i n t e r e s t	d u e	a n d	o w i n g	o n	t h e	s e c u r i t y

of a n y m o r t g a g e e x e c u t e d u n d e r t h e p o w e r h e r e i n b e f o r e c o n t a i n e d .

S C H E D U L E .

Town and par ish of Hay , county "Waradgery, conta in ing one rood nineteen and

th ree -qua r t e r perches more or less : Commencing a t t h e in te rsec t ion of t he sou the rn

side of M o p p e t t - s t r e e t with t he wes tern side of Lach lan - s t r ce t ; and bounded thence on

the no r th by par t of the sou the rn side of Moppe t t - s t r ee t west two chains twen ty - two

and th ree -qua r t e r l inks ; thence on t h e west by a l ine south one chain sixty-eight and one fifth l inks ; thence on t h e south by a l ine east two chains twenty- two and th ree - q u a r t e r links to t he wes tern side of Lachlan-s t ree t aforesaid ; thence on the east by p a r t of t ha t side of t ha t s t reet no r th one chain sixty-eight and one sixth l inks, to t h e point

of commencement . Being pa r t of section twenty-six, as shown on plan, ca ta logued II.

120, 1.001-, in the Surveyor-Genera l ' s Office.

An