Savings’ Bank Act 1840 No 20a (NSW)

. No. XV.

All Act to render valid certain Acts already per­ formed or hereafter to he performed by one Trustee and the Accoimtant of the Savings’ Bank of New South Wales. [29 /̂/ September, 1840.] S avikqs’ Bank.

~ V \r HEKEAS under and by virtue of cert ain Acts of His Excellency preamble.

Y Y the Governor of Neu' South Wales u ith the advici' of tlie

Legislative Council thereof passed in the second and fifth years of the reign of His late Majesty King William the Eourth intituh'd respectively “ Aii Act to cfttablisli a Savings’ Bank in New No?/;'//2 Wm, iv. No. 13.

“ IVales and to provide fo r the management thereof and for the seciuity

*• o f deposits therein” and “ An Act to repeal in part and to amend and g-wm. iv. No. ic,

'‘‘ extend the provisions of an Act intitided ‘An Act to establish a “ ‘ Savings’ Bank in New Sonth Wales and to provide fo r the manage- “ ‘ ment thereof and fo r the security of deposits therein’ ” certain mort­ gages hy demise Avere from time to time made to the Vice President

2 R — V O L. 2. and

1070 No. 16. 4' VIO. 1840.

Colonial Spirits.

and Trustees of the said Savings’ Bank hy various persons for terms of five hundred years for securing the repayment of money borrowed by the said several persons respectively from the said Savings’ Bank and interest for the same at and after the rate of ten pounds for every one hundred pounds hy the year in manner therein mentioned and whereas several of the said mortgages have been duly paid off and satisfied and others as yet remain unpaid and unsatisfied and whereas certain surrenders or re-assignments of the several terms comprised in such moi'tgages which have been paid off have been made signed and executed hy one of the said Trustees and the Accountant of the said Savings’ Bank and whereas doubts have arisen whether one ITustee and the said Accountant are empowered hy the said Acts to make sign and execute such surrenders or re-assignments of the here­ ditaments comprised in the said terms to the said respective mortgagors without the concurrence of the said Vice President and all the said

Surrenders and re­	Trustees and in order to remove such doubts Be it enacted by His
assignm ents hereto­
fore made or here­	Excellency the Governor of New South Wales with the advice of the
after to ho made by
one Trustee and	Legislative Council thereof That all surrenders and re-assignments of
Accountant to be as	lands and hereditaments coni])rised in terms created in and by any
valid and effectual as
if made by the Vice	such mortgages as aforesaid and which have Ijeen made signed and
President and all the	executed or which hereafter shall he made sigii(;d and execiited hy
Trustees oftlie
Savings’ Bank.	one Trustee and the .Accountant of the said Savings’ Bank shall be as valid and effectual to all intents and purposes whatsoever as if the same had been duly made signed and executed hy the said Vice President and all the Trustees of the said Savings’ Bank Provided always that nothing herein contained shall operate or he deemed or con­ strued to operate as a revival of the said last recited Act so far as the same is repealed by an Act of His Excellency the Governor of New South Wales with the advice of the Legislative Council thereof passed in the third year of the reign of Her Majesty Queen Victoria intituled
“ An Act to consolidate and amend the Laws relating to the Savings'
“ Bank o f Neic South JVales."