122. |
Owners may be incorporated. The Court may, with the consent of a majority of the owners of any block of land in respect of which the Crown has not acquired a right or interest, or of a majority of the owners of each of a number of adjoining blocks, and on being satisfied that such block or blocks can be dealt with to the advantage of the owners thereof under this Part of the Act, by order, constitute the owners of any such block or blocks, or any part thereof respectively, a body corporate with a perpetual succession and a common seal, by the name "The Proprietors of [
naming the land, the owners of which are so incorporated] "and thereupou the said land shall vest in such body corporate for an estate in fee-simple, subject to any existing alienation of any estate or interest therein, or any part thereof. |
123. |
Committee to be nominated. On such incorporation, the owners of any such land shall, in the manner prescribed, nominate a Committee of not fewer than three nor more than seven persons, who may or may not be owners, to administer the said lands. |
124. |
Appointed by Court. Every appointment of a Committee, and every appointment to a vacancy therein, shall be by order of the Court. |
125. |
Quorum of Committee. Every Committee shall have full power to act while at least three members thereof shall hold office. |
126. |
Committee may alienate. Such Committee, or a majority of the members thereof for the time being holding office, may, with the consent of the Commissioner of Crown Lands for the district, or of such other person as the Governor may from time to time appoint as Native Lands Administration Officer for any Crown lands district, effect any alienation of the lands the owners of which are so incorporated as aforesaid, or of any part or parts thereof, upon such terms and in such mode as may from time to time be prescribed by the Grovernor in Council, either generally, or for a particular district or districts, block or blocks. |
127. |
Exeeution of deeds. Every deed effecting an alienation by the corporate owners of any land shall be sealed with the seal thereof and signed by at least two members of the Committee, and by the Commissioner of Crown Lands or the Native Lands Administration Officer for the district, and, when so executed, shall be conclusive evidence of the validity of the alienation thereby intended to be effected, and may be registered without a confirmation order. |
128. |
Proceeds of alienation to be paid to Public Trustee. The proceeds of every alienation shall be paid to the Public Trustee, who shall have power to sue and take all proceedings for the recovery of anymoneys payable under or in respect of any alienation.
|
129. |
The Public Trustee shall, after deducting all his own expenses
How disposed of. and those of the Committee, and all fees, charges, or commission, if any, payable to the Crown, distribute the net proceeds of any alienation among the owners of the land, or dispose thereof for their benefit in any manner prescribed by the Governor in Council, either generally or in respect of the particular lands alienated. |
130. |
The Governor in Council may by order make, and from
Rules and regulations. time to time vary and amend, rules and regulations,—
(1.) |
For the nomination and appointment of Committees under this Part of the Act; |
(2.) |
For the conduct and management of the business of Committees, or any Committee; |
(3.) |
For the retirement from office of members of Committees, or of any Committee, and for the appointment of a new Committeeman to any vacancy; |
(4.) |
For the advantageous alienation of lands vested as aforesaid in any body corporate, and prescribing the terms and mode in which any such land shall be alienated, and moneys arising from alienation thereof disposed of, and for providing the proportion of owners who shall consent to the sale of any land; |
(5.) |
For the government of all persons acting under this Part of the Act; |
(6.) |
For the payment to the Crown of fees and charges or commission by incorporated owners in respect of the services of the Native Lands Administration Officer, or other expenses incurred by the Crown in the administration of any lands under this Part of the Act. | |