The Short Title of this Act is “The Picton Recreation Reserve Act, 1896.”

On the passing of this Act, the lands and Lagoon described in the Schedule hereto shall vest in the Picton Borough Council (hereinafter referred to as “the Council”), to be used for the purposes of a recreation reserve.

The Council may, subject to the provisions of section one hundred and fifty-six of “The Harbours Act, 1878,” reclaim such portions of the lands situated in or under the said Lagoon as may be deemed necessary.

The Council may lease, for such term or terms as the Council may think fit, all or such portions of any of the lands as may be deemed necessary, for the purpose of raising moneys to be used as hereinafter mentioned:

Provided always that not more than two-thirds of the said lands shall be leased, and the term of such lease shall not exceed forty-two years, with or without valuation for buildings.

All moneys received by the Council under or by virtue of any lease or other usage of the said lands shall be expended upon the improvement of the said lands, including clearing the same of fern and scrub, cutting and forming tracks and paths, and planting trees and shrubs thereon; or upon the reclamation and improvement of such part of the said lands as are situated in or under the said Lagoon.

The lands described in the first paragraph of the Schedule hereto are vested in the Council, subject to the provisions of sections one hundred and forty-three to one hundred and forty-six of “The Harbours Act, 1878.”