“Provided that the Corporation may postpone, for so long as it in its absolute discretion shall think fit, the removal or demolition of any such building and may permit the same to remain on Albert Park if such building, in the opinion of the Corporation, is capable of being used, and is used, as an amenity for the public in accordance with the provisions of paragraph (j) of subsection (1) of section 32 of the Reserves and Domains Act 1953 and with the provisions of subsection (2) of this section; and any money required to be expended on such building may be provided by the Council out of the funds, capital or income, that are subject to the provisions of this Act, or out of funds available to the Council by virtue of the provisions of the Reserves and Domains Act 1953.”

• “(4) Notwithstanding the provisions of subsections (2) and (3) of this section, the Corporation may from time to time, in its absolute discretion, postpone the removal or demolition of any other such building or part thereof to which the proviso to subsection (3) of this section has not been applied, and the same and the curtilages thereof shall not become part of Albert Park until the Corporation later so resolves in the same manner as is provided in subsection (5) of this section, and in the meantime the Corporation may use that building or buildings or any part thereof for any one or more of the following purposes:

  • “(a) As an example of Victorian architecture and as a repository of Victorian decor and furnishings; and the Corporation may pay the cost of such furnishings out of the capital of its Improvement Trust Account; or

  • “(b) For the holding of civic functions by the Corporation; and the Corporation is hereby empowered to provide suitable furnishings and fittings for that purpose, and to spend money out of its general account on the provision and maintenance of such furnishings and fittings; or

  • “(c) To use or permit the same to be used as a public tearoom or refreshment room or similar amenity upon such terms and conditions as the Corporation thinks fit; and the Corporation is hereby empowered to pay the cost of establishing and maintaining any such amenity out of the capital or income of its Improvement Trust Account; or

  • “(d) To let or lease the same and the curtilages thereof, subject to the conditions set out in section 4A of this Act, for such professional, commercial, cultural, or community purposes as the Council shall consider most in keeping with the character of the particular building or part thereof:

  “Provided that the Corporation shall so far as is practicable ensure that, in the case of a building or part thereof used for any of the foregoing purposes, its original design and decoration, both exterior and interior as existing on the commencement of this Act will be preserved; and the Corporation may pay any cost incurred by it in the repair or maintenance of any such building or part thereof out of the capital or income of its Improvement Trust Account.”

“4A

• “(1) Where under this Act any building or part of a building and its curtilage may be let or leased, the following provisions shall apply:

  • “(a) The letting may be made for short periods by private contract as provided for by section 155 of the Municipal Corporations Act 1954:

  • “(b) The lease may be for a term not exceeding 21 years, without a right of renewal, or for a shorter term with a right of renewal for one or more terms but so that the aggregate duration of the original and of the renewed term or terms shall not exceed 21 years, and every such lease may be sold by private contract:

  • “(c) The Corporation may fix for any tenancy or for the original or renewed term of any lease such rent as it thinks fair and reasonable, having regard to the purpose for which the premises are to be used, the extent of the benefit that may be conferred upon the community by the activities of the tenant or lessee thereof, the financial standing of the tenant or lessee, and any other relevant matters:

  • “(d) The Corporation may at any time during the currency of a lease reduce the rent to be paid thereunder during the remainder or any part of the remainder of the term, and the Corporation may at any time or times during the currency or after the determination of a lease, compromise with the lessee for any rent due to the Corporation:

  • “(e) The net proceeds of any such lease or of any letting shall be applied in the manner described in section 8 of this Act:

  • “(f) The fee simple shall be inalienable by the Corporation:

  • “(g) The lease shall prohibit the erection by the lessee of any further building or buildings on the demised land or the making of any extensions to an existing building:

  • “(h) The lease may, with the approval of the Corporation, be surrendered on such terms as may be agreed upon between the lessee and the Corporation:

  • “(i) The Corporation may impose such further or other conditions in any letting or lease not inconsistent with the provisions of this section which it considers to be appropriate to the circumstances.

  “(2) Nothing in the Public Bodies Leases Act 1969 shall apply to a lease granted under this Act.

  “(3) The Corporation is hereby empowered to acquire by private treaty or to take in the manner provided by the Public Works Act 1928 any leasehold interest previously created pursuant to the provisions of this section for the purpose of adding the property to Albert Park; and such addition shall be effected by means of an ordinary resolution whereupon the provisions of subsection (2) of section 4 of this Act shall apply to that property, and the lessee thereof shall be entitled to compensation in respect of such acquisition or taking in accordance with the provisions of the Public Works Act 1928.”