Public Dental Hospital Land Act 1934 (WA)
Western Australia
This Act was repealed by the
Western Australia
Western Australia
Public Dental Hospital Land Act 1934Whereas Perth lot 654, being the land comprised in reserve 20959, and being the whole of the land comprised in Certificate of Title volume 1029, folio 964, was granted in fee simple under section 42 of the
This Act may be cited as the
It shall be lawful for the Association, with the approval of the Governor, to sell Perth lot 654, being the land comprised in reserve 20959, and being the whole of the land comprised in Certificate of Title volume 1029, folio 964, now vested in it as aforesaid, and to transfer the same to the purchaser for an estate in fee simple freed and discharged from all trusts affecting the said land; and on production of any such transfer the Registrar of Titles shall cause such transfer to be duly registered on the title of the said land, and shall issue a Certificate of Title to the purchaser for the land comprised in such transfer free from the trusts now affecting such land.
(1) The Association shall hold the proceeds of the sale of the said land in trust, to apply such proceeds firstly in or towards the purchase of other land, which shall be held in trust and used for the purpose of a site for a public dental hospital, and, secondly, if there shall be any surplus of such proceeds remaining after the purchase of such other land, in trust to apply and use such surplus in or towards the construction of a public dental hospital upon such land to be purchased as aforesaid.
(2) Pending the application of the said proceeds in the manner aforesaid the Association may invest such proceeds as trust funds may be invested under Part III of the
Trustees Act 1962 .
(1) The Association may, for the purposes of any of its objects, borrow money by way of mortgage of any land purchased by the Association under the authority of this Act:
Provided that no such mortgage shall be given or executed by the Association without the approval of the Governor.
(2) Any mortgage given by the Association under the authority of this section may contain such covenants, provisos, conditions, and powers as the mortgagee may require, and, where the mortgagee is an incorporated bank, may be on the basis of a current account, and contain all such covenants, provisos, conditions, and powers as are usual in securities of a like nature given to the bank, or as the association and the bank may mutually agree.
(3) On any sale or lease of the mortgaged land which may be made by the mortgagee in exercise of his powers as mortgagee, the purchaser or lessee from the mortgagee shall hold the said land free and absolutely discharged from any trusts or restrictions as to the use thereof to which the same may have been subject prior to the date of such sale or lease.
(4) It shall not be necessary for any mortgagee to see to the application of any moneys borrowed by the Association under the authority of this section, nor shall the mortgagee be affected by notice, actual or constructive, of the mis‑application of any such moneys by the Association.
38 of 1934 | 21 Jan 1935 | 21 Jan 1935 | |
1 of 1997 | 6 May 1997 | 16 Jun 1997 (see s. 2 and | |
0
0
0