An Act to enable the trustees of the land comprised in deed of grant no. 103853, being portion 119, in the county of Ward and parish of Dugandan, and being a reserve for a show ground, to mortgage the same
Preamble
1Whereas by a deed of grant from the Crown, numbered 103853, and bearing date 20 October 1914, all that piece or parcel of land, in the State, containing 21ac 1rd and 2p, situated in the county of Ward and parish of Dugandan, being portion 119, and more particularly described in the said deed of grant, with all the rights and appurtenances whatsoever thereto belonging, was, subject to certain reservations not necessary to be herein particularly set out, granted to Ernest Thomas Bell, John England, and William Farley as trustees and to their successors forever upon trust for the purpose of a show ground and for no other purpose whatsoever.
2And whereas it is desirable that the trustees of the said land and their successors in office should have the powers hereinafter conferred upon them.
This Act may be cited as the Boonah Show Ground Act 1914.
In this Act—building means any house, grand stand, booth, stable, shed, or other building, structure, or erection of any description suitable for the purposes of a showground.showground means the land comprised in the beforementioned deed of grant.trustees means and includes the said Ernest Thomas Bell, John England, and William Farley, and their duly appointed successors in office for the time being.
(1)It shall be lawful for the trustees from time to time to raise any sum or sums of money, not exceeding the sum of $4000, and for that purpose to mortgage the showground or any part thereof to secure repayment of the moneys so raised with interest thereon.(2)However, any moneys so raised shall be applied, firstly, in payment of any existing liabilities incurred in erecting buildings and making improvements in or upon the showground, and, in the next place, in and towards the erection of other buildings and making further improvements therein or thereon.(3)In addition, any mortgagee of the showground shall not be called upon to see to the application of the mortgage moneys.