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Pounds, including such Sums as afore4 That all Land for the Time being remaining unsold shall be open, under Licence, for Pasturage Purposes, at the Rate of Twenty Shillings per Annum for every Hundred Acres. 5. That One Sixth Part of the who Produce of such Sales, and of the Sums received for Licences for Pasturage, be paid by the said Association to Her Majesty, Her Heirs and Successors, such Payments to be made at such Times and to such Persons as One of Her Majesty’s Principal Secretaries ol State shall by Writing under his Hand determine, (saving nevertheless all such Rights as the New Zealand Company may possess, as herein-after mentioned, under the said recited Act of the lenth and Eleventh Years of Her Miqesty s Rei°m, to any Payments out of Sales or Demesne Land of the Crown in New Zealand,) and the Receipt of any Ope of Her Majesty’s Principal Secretaries of State shall be a complete Discharge to the said Association for the Monies paid to him. 6. That during the said Term of Ten Years, or further extended Term as aforesaid, the said Association shall make Sale of Land in the said Settlement to the Value in each Year from the First Day of March One thousand eight hundred and fifty of such Sum as” taken together with all Sums paid previously thereto, shall yield an average yearly Sum of not less than Fifty thousand Pounds, until the whole of the said Tract be sold, or the said Period of Ten Years, or such extended Term as aforesaid, expire. 111. And be it enacted, That for the more convenient carrying on of their Business in the said Settlement it shall be lawful for the said Association during the Continuance of such Term, or extended Term as aforesaid, by any Deed or Instrument in Writing under their Common Seal, from Time to Time to constitute and appoint any Persons to be while actually within the said Settlement, and for such period, if any, as the Association may think fit, the Attornies of the said Association, to make and execute in the Name and on the Behalf of the said Association any such Conveyances, Deeds, or Instruments as the said Association are empowered to make and execute of any of the Lands of the said Settlement, and over and in respect of which the said Association may at any Time have any disposing or other Power or Authority whatsoever, subject to the Provisions of this Act, and from Time to Time as Occasion may lequire, and as to the said Association may seem meet, but not otherwise, and further to revoke anv such Deed or Instrument if the said Association think expedient, and to make any other Deed or Instrument in lieu thereof, all which Conveyances, Deeds, and Instruments whatsoever to be made and executed by such Attornies shall be under the Signature of such Attornies, and under such Duplicate Seal as herein-after mentioned.

IV. And be it enacted, That the said Association shall and may have their Common Seal executed in Duplicate, with Power to alter, vary, break, and renew such Duplicate, and that it shall be lawful for the said Association to commit the same to the Custody of the Attornies for the Time being constituted and appointed as aforesaid for the purpose of making and executing all such Conveyances, Deeds, and Instruments whatsoever ; and every Conveyance, Deed, and Instrument made and executed by such Attornies, shall be as valid and effectual in Law to all Intents and Purposes whatsoever as if the same had been duly made and executed by the said Association, without the Intervention of such Attornies. V. And be it enacted, That all Conveyances, Deeds, and Instruments whatsoever, signed or purporting to be signed by such Attornies as aforesaid, and under the Seal for the Time being committed to such Attornies, shall be primd facie Evidence, not only of the Appointment and Continuance in Office of such Attornies, but also of their Signatures thereto, and the due sealing thereof with the Seal committed to such Attornies, and that it shall be the Duty of all Courts of Justice, Justices and others, as well within as without any of Her Majesty’s Colonies, to receive the same as such primd facie Evidence. VI. Provided nevertheless, and be it enacted, That not less than Two Persons shall be constituted and appointed such Attornies as aforesaid by any Deed or Instrument in Writing as aforesaid, and that if in any Deed or Instrument more than Two Persons are appointed, any Two of the Persons so appointed, whether they alone of the Persons so appointed shall have accepted or shall continue in Office or not, shall, unless the contrary be provided by such Deed or Instrument, be as fully competent to act in all

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/NZSCSG18510125.2.14.3

Bibliographic details
Ngā taipitopito pukapuka

New Zealand Spectator and Cook's Strait Guardian, Volume VII, Issue 572, 25 January 1851, Page 4

Word count
Tapeke kupu
808

Page 4 Advertisements Column 3 New Zealand Spectator and Cook's Strait Guardian, Volume VII, Issue 572, 25 January 1851, Page 4

Page 4 Advertisements Column 3 New Zealand Spectator and Cook's Strait Guardian, Volume VII, Issue 572, 25 January 1851, Page 4

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