Act Repealed Latest version as at 23 October 1981 (as enacted) | 1981 No 4

Thomas Cawthron Trust Amendment Act 1981

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Contents

Preamble

Short Title

Additional powers of Board

Constitution of Board

Private Act

Thomas Cawthron Trust Amendment Act 1981

Private Act		1981 No 4
Date of assent		23 October 1981

	Title
	Preamble
1	Short Title
2	Additional powers of Board
3	Constitution of Board
4	Private Act

An Act to amend the Thomas Cawthron Trust Act 1924

Whereas under the will of the late Thomas Cawthron and the Thomas Cawthron Trust Act 1924 (hereinafter referred to as the principal Act) The Cawthron Institute Trust Board holds certain money and investments upon trust for the purchase of land and erection and maintenance of an industrial and technical school institute and museum called The Cawthron Institute: And whereas it is desired to widen the Board’s powers relative to the work of the Institute and alter the constitution of the Board:

Be it therefore enacted by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:

1 Short Title

This Act may be cited as the Thomas Cawthron Trust Amendment Act 1981, and shall be read together with and deemed part of the principal Act.

2 Additional powers of Board

Section 12(1) of the principal Act (as amended by section 2 of the Thomas Cawthron Trust Amendment Act 1979) is hereby amended by adding the following paragraph:

“(j)

For the purposes of the trusts under the said will to carry on such activities and provide such services as the Board thinks necessary or desirable to enable the work of the Institute to be properly performed, and in particular, without limiting the generality of the foregoing,—

“(i)

To carry on any business undertaking:

“(ii)

To enter into any joint venture or partnership arrangement:

“(iii)

To subscribe for or otherwise acquire shares in any company or other organisation or body:

“(iv)

To invest any of the Board’s money in any activity or service carried on or provided by the Institute or in any such business undertaking, joint venture, partnership arrangement, company, or other organisation or body:

“(v)

To borrow money:

“(vi)

To lend money:

“(vii)

To give guarantees.”

3 Constitution of Board

(1)

Subsection (1) of section 3 of the principal Act (as substituted by section 2 of the Thomas Cawthron Trust Amendment Act 1966) is hereby amended by repealing paragraph (c), and substituting the following paragraph:

“(c)

Two members, to be appointed by the Governor-General in Council, at least one of whom resides in the Provincial District of Nelson.”

(2)

The said section 3 is hereby further amended by repealing subsection (4), and substituting the following subsection:

“(4)

Where a member appointed by the Governor-General who resides in the Provincial District of Nelson ceases so to reside, he shall thereupon vacate office unless another member so appointed then so resides.”

4 Private Act

This Act is hereby declared to be a private Act.

Thomas Cawthron Trust Amendment Act 1981