The Short Title of this Act is “The Auckland Improvement Commissioners’ Transfer of Powers Act, 1879.”

The Corporation called the Auckland Improvement Commissioners is hereby dissolved, and all lands and property heretofore vested in such Corporation, except the land specified in section six of this Act, shall henceforth be vested, on the same terms and conditions, in the Mayor, Councillors, and Citizens of the City of Auckland.

All the powers and authorities, duties and obligations, under or by virtue of the said Acts or any of them, or any Act consolidated therewith or with any of them, conferred or imposed upon the said Commissioners, or under or by virtue of any deed, contract, or other instrument, shall henceforth be held and exercised, performed and discharged, by the City Council of Auckland in its own name.

All rights, claims, engagements, both at law and in equity, and all things respectively still subsisting and unperformed heretofore authorized to be done or suffered by the Auckland Improvement Commissioners, shall be done and suffered by the City Council of Auckland, the intention of this Act being that the City Council of Auckland shall henceforth administer and execute the said Acts as the said Commissioners have been authorized heretofore to do.

The time for acquisition of the lands authorized to be compulsorily purchased is extended for a further term of seven years.

The several allotments of land situate in Wellesley Street East, in the City of Auckland, and numbered from eleven to twenty-two, both inclusive, on the record and published plans of the Improvement Commissioners, are hereby vested in the School Commissioners of the Auckland Provincial District in fee-simple, free from incumbrances.

All moneys received under this Act, including the surplus money by section twenty-one of “The Auckland Improvement (Albert Barrack Reserves) Act, 1872,” directed to be applied to such educational purposes as might be from time to time provided by Act of the Provincial Legislature of Auckland, shall from time to time be applied, in the first place, in payment and discharge of liabilities imposed by this Act; in the second place, in carrying out the provisions of section thirteen of “The Auckland Improvement (Albert Barrack Reserves) Act, 1872;” and, lastly, in works of public utility or ornament, or in furtherance of education, science, and art, in the City of Auckland, to be determined by the City Council, but shall not be in any way used in reduction or aid of rates, ordinary or special: Provided that such money may from time to time be applied in discharge of advances or obligations made or incurred in any such objects before such money had accrued.