Western Australia
Public Dental Hospital Land Act 1934
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Reprinted under the Reprints Act 1984 as at 7 February 2003 |
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Western Australia
Public Dental Hospital Land Act 1934
CONTENTS
1.Short title2
2.Authority to sell land2
3.Application of purchase money2
4.Association may borrow money by mortgage of land purchased3
Notes
Compilation table4
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Reprinted under the Reprints Act 1984 as at 7 February 2003 |
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Western Australia
Public Dental Hospital Land Act 1934
An Act to authorise the sale of the land comprised in Reserve 20959 (Perth Lot 654) and the application of the proceeds of sale towards the purchase of other lands to be held for a similar purpose.
Preamble
Where
This Act may be cited as the Public Dental Hospital Land Act 1934 1.
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.
3.Application of purchase money
(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.
[Section 3 amended by No. 1 of 1997 s. 18.]
4.Association may borrow money by mortgage of land purchased
(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.
Notes
1This reprint is a compilation as at 7 February 2003 of the Public Dental Hospital Land Act 1934 and includes the amendments made by the other written laws referred to in the following table.
Short title |
Number and year |
Assent |
Commencement |
Public Dental Hospital Land Act 1934 |
38 of 1934 |
21 Jan 1935 |
21 Jan 1935 |
Trustees Amendment Act 1997 s. 18 |
1 of 1997 |
6 May 1997 |
16 Jun 1997 (see s. 2 and Gazette 10 Jun 1997 p. 2661) |
2Repealed by the Land Act 1933 which was repealed by the Land Administration Act 1997.