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The Statutes of NZ Cestui Que Trust Connection

The Statutes of NZ Cestui Que Trust Connection

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Published by: Poppy Just-Poppy on Nov 03, 2011
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11/28/2012

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·s
rr
ATUTES
01'
ZEALAND:
I'U.\:DI!'OTilETUrBTT-PlB8TYE..\.BOFTHEREIONOF110lunar.
QUEENVICTORIA.,
:
.
,.
.
:,;~.f"\...
TilE'EONDSESSIONO~'
THEFOURTH
PARLIAMENT
OF
NEW.
ZEALAND.
1J('91111
"lidholdenat
lYcllington,on
II,e
Nillth
day
of
July,
in
the
year
oj
0''''
LordnneIholltul11deighthundredand.ir:ty-!et·en.
HISEXEl.LF.NCY
SInGEOHCECUEY,
K~IGIIT
COMMANDEROF
THE'BATH,
GOVERNOR.
WELLINGTON.
1867.
c.
 
463
NewZealand.
A~"OTRICEIMOPRIMO
VICTO
I
No.40.
G
~.
!T
t
I)
·ovidfor
the
DIane;
0
nt
of
Ti
e,
E
tate
bIoneine
to
Intinandof
t
eaoiraunde·
di
ability.
[10thOctober
1867.]
BE
IT
Y
CTEDbytheeneralAssemblyof
Y
cwZealand
in
Parliamntmbledandbytheauthority
f
theamfollows-
1.
Thehort.tleof
thi
Act
hall
be"The)Iaori
1
tate
Short.~.
ManagementAct
1
7."
2.InhecontructionofthisActtheword
H
ri"
hallmean
Io~n.
Abori~al-ntivoofewZealandandballincludebill-casteandtheirdescendanby-ativstheord
H
rustees"shallmean
trus
appoint
pUt
uantto
this
Act'whetherorieinalorsubtitutedandhallinludthurvivorof
th
In
andth_t_rm
H
her_ditaments"shallmanlandthubje
t
oftenureorheldundertitlederivedfromthrwnoranye
tate
orintr
t
thereinorariinathereout,3.
If
anytitletoorintr
t
inanyhrditamcnthallaccrue
to
'Irt1.It«t
in
CIl'9
of
anyaoriwhooranyofhom
hall
be
infantIunatiorundr
in(Ito1lt.1
tict.
ther1gal
eli
hilityithall
be
lawfulfortheovernor
in
ouncil
if
h
think
fit
to
ordrthatuhhrditamntoranvparttheroforinteresttherinahalltothe
0
ernorinCouncil
be
shwntoblonetouchinfantlunaticorotherP
1
ondrlegal
di
abilithall
be
vtedintru
t
atheGovmol'inCouncilhallthinkfitandinandbysuchOrdrinouniluchtrutcsthreofhall
be
namd
n
thovernorhallthinkfitanduchtru
tee
shallavethepoandbeubjecttothelegalinciden
h
r
iinnf
rtfor
h)
ovidcdalwaysthatnoneofthepcwersorin
id
nherehyonferr
d
orannxdto
th
saidoffior.totheircutanccshereinaftertatcdhalltakeeffectorbe
xreiabl
if
itisdcclai
in
herdr
in
ouncilappointingthetrustthatthYh11nottakeeffctandwhrthr
i
nuchdlaratinthnifau,variationorIimitationofanyofthepo
er
orincidntsh
1
hyconferred
01.'
annxarecontainedinuchI'drinCoun
il
uh
IloW
rrinidnthalll)e
tcr
j
bland
tnk
eff
t
nlyuhj
t
0
uchariationandlimitationsPro'dedfurthrthatuehariationmaybemade
by
r
f
rnco-tothenumberofthesectionsandubtionftiocfthiA
t.
orthpm'poofhiActandsuhjecttothepro.ion.thereof
Powe"ortnutces.
thetrusteesmanaincortakinepoionofsuchhrcditnmcntor
0.
66
on
thoincomr
P
cthrof
hn
hay
andmay,r
i
thme
JIlt.c.t.a4l
ri,.,.htandpowtheownerorownersthreofmight
if
notunder
I.
disabilit"5.'I'hetrustemnyfromtime
to
time1
t
alloranypartofsuch
Truatee.
mAy
1.
herditamntswiththeppurtnantouchpeonforuehperiod
lb...30.
 
notexceeding
a.
tenancyfromyeartoyearandsubjecttosuchrentcovenantsandconditionsastheyshallthinkfit.
Truateee
with
ooD.lent
6.ThetrusteesmaywiththeconsentoftheGovernorfirstobtained
ofGovomor
may
letalloranypartofsuchhereditamentsuponleaseforanytermnot
1_.
exceedingtwenty-oneyearsandsubjecttosuchrentcovenantsandconditionsastheymaythinkfit.7.ThetrusteesoutoftherentsandproceedsreceivedunderthisAct
in
respectofanyhereditamentssotakenpossessionoformanagedhythemmayexpendmoneyforthefollowingpurposeswithrespecttothehereditamentsfromwhencethesameshallarieandmayexerisethefollowingpowersthatistosay-(1.):Maykeepanybuildingsandfencesingoodrepairandmaymaintainthesamewiththeirappurtenances
in
goodorderandcondition(2.)])'1a.yrectanysuchfenceastheowneroroccupierofsuchlandisbylawrequiredtomake(3.)Maycutandgathercropsgrowingthereon(4.)Mayinureanybuildingsthereonfromlossbyfire(5.)faypayanyratesbylawdueandpayable(6.)l\£aycontributetowardstheformationofanyroadfootwayorimprovementprojectedundertheauthorityofanylawbywhichtheGovernmentoranymunicipalprovincialorlocal.govcrnmentbodymakeanycontributionWiththesanctionoftheSupremcCourtorajudgethereofsittingwithinthejudicialdistrictwithinwhichsuchhereditamentsaresituatepreviouslyobtainedthetrusteesmaydoanyotheractnecessaryordesirableforthepreservationmaintenanceorimprovementofthelandwithitsbuildingsandappurtenances.8.Thetrusteeforthetimebeingmaydothefollowingthings-(1.)Theymaypayanddischaree
all
costsandexpensesincurredbyoronbehalfoftheir
cestui-que
trust
in
appearingbeforeanycourtorotherjudicatureforthepurposeofestablishinetheirtitletosuchhereditamentsorconsequentorattendingthereonorforanyotherImrposewhichthejudgeofsuchcourtorotherjudicialauthori
y
shallcertifytohavebeennecessaryorbeneficialtotheparties.(2.)TheymaypaysuchportionoftherentsandmoneyintheirhandsastheGovernorshallsanction
to
anywidowofadecasedownerofthesaidhereditamentsorpersonentitledunderthecertificateofsuchjudgeorotherjudicialauthorityandmayalsopay
to
suchwidowanannuityofsuchanamountastothemmayseemjustforhermaintenance.
(3.j
'I'heymaywiththeconsentoftheGovernorpayanyportionofsuchrentsandmoneytoordividesuchportionamongstanymembersoftheaborieinaltribewhomtheymaythinkentitledtheretoaccordingtotheativecustomapplicabletothelandfromwhenceorrespectingwhichthefundarose.(4.)Theymay
in
theirownnamsinvesttherentsandmoney
in
theirhandsinbondsordebenturesissuedbytheGovernmentof
:K
ewZealandhreinaftoralledGovernmentsecuritiesoronmortgageoflandandhereditamentsorotherrealsecuritieswithintheColonyandalsofromtimetotimemayvaryanysuchinvetments.(5.)
If
thesaidrealestateisheld
in
trustforinfantsthetrusteesshallstandposesedofthesameforthebenefitofallandeverysuchinfantstobeequallydividedamongthemshareandsharealikethesharesofsuchinfantstobepaidassigned
Furtherpowersof
trustees.No.66of1885Intestato
Eetatos
8.29.
Furtherpowenof
tru.a~
To
pay
costa.
29Vic.No.26
t.
4.
To
pay
annuity
&c.
to
widow.
Todiatribute
paJt
ofmontytotribe.
To
invest.
To
hold
~~trty
n
trust
for.
te.
46431
0
VICTORI..tE,No.40.
MooriIlealEstateMan.agement.

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fits in perfectly with the 1847 Act :)

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