The Short Title of this Act is “The Queenstown Athenæum Act, 1889.” It shall come into operation on the first day of October next after the passing thereof.

On the day of the commencement of this Act the land described in the Schedule hereto, together with all buildings and erections thereon, shall, without any conveyance, be and the same is hereby vested in the Corporation of the Borough of Queenstown, and the same shall be held by it in trust as a reserve for an Athenæum and Free Library for the Town of Queenstown (hereinafter called “the Athenæum”).

On and after the aforesaid commencement,—

Debts, claims, and liabilities of Athenæum to be debts, &c., of Corporation.

Moneys due to Athenæum to be paid to Corporation.

The Trustees of the aforesaid Athenæum forthwith after the commencement of this Act shall prepare a balance-sheet showing their assets and liabilities on account of the said Athenæum on the day of the commencement of this Act, which shall be under their seal, and shall submit the same to the Borough Council of Queenstown, and at the same time shall pay to the said Council all moneys (if any) in their hands belonging to the said Athenæum; and, on approval of the said balance-sheet by the Borough Council, and on payment of the aforesaid moneys (if any), the said Trustees shall be and are hereby discharged and exonerated from their trust.

The Borough Council shall have the control and management of the Athenæum, and shall maintain in connection therewith a free public library under “The Public Libraries Act, 1869.”

The Act last named is hereby adopted within the Borough of Queenstown, and shall have the same force as if adopted by a vote of the ratepayers under section five of the said Act, for all purposes of the control and management of the said library, and of levying a library rate under the said Act in support thereof, not exceeding however the limit fixed by the said Act.

“The Queenstown Athenæum Act, 1877,” is hereby repealed.