New South Wales State Cancer Council (Amendment) Act 1970 (NSW)

NEW SOUTH WALES STATE CANCER COUNCIL

(AMENDMENT) ACT.

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Act No. 4 8 ,1 9 7 0 .

-An Act to authorise the New South Wales State Cancer Council to retain a gift or bequest o f certain property and to expend moneys for certain purposes; for these and other purposes to amend the New South Wales State Cancer Council Act, 1955; and for purposes connected therewith. [Assented to, 14th October, 1970.]

~O E it enacted by the Queen’s Most Excellent Majesty, by

and with the advice and consent of the Legislative

Council and Legislative Assembly of New South Wales in

Parliament assembled, and by the authority of the same, as

follows ; —

1.     This Act may be cited as the “New South Wales State short title.

Cancer Council (Amendment) Act, 1970”.

2.

New South Wales State Cancer Council {Amendment).

No. 48, 1970 2. The New South Wales State Cancer Council Act.

Amendment

1955, is amended—

of Act No.

25, 1955.

Sec. 11.	(a) by omitting from subsection five of section eleven
(New South

Wales State	the words “Any moneys” and by inserting in lieu
Cancer	thereof the words “Subject to subsection ( 2 a ) of
Council
Account.)	section thirteen of this Act, any moneys” ;

Sec. 13.	(b) by inserting next after subsection two of section
(Power to

accept	thirteen the following new subsection :—
gifts, &c.)
( 2 a ) Notwithstanding subsection five of section eleven of this Act, where the Council accepts a gift or bequest of securities being debentures, debenture stock, preference or ordinary stock or preference or ordinary shares, of a company incor­ porated under the law of a State or of a Territory of the Commonwealth (including a Territory under trusteeship) and the securities are not subject to a liability for calls or other payments other than a call or calls within a limited period, the Council may—

(a) retain the securities;

(b)	pay any calls or other payments in respect thereof; and
(c)	exercise any rights to participate in an issue of securities accruing to the Council as the holder of the securities retained.

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