The Mayor, Councillors, and Citizens of the City of Wellington (hereinafter called “the Corporation”
) may lease by private treaty to any society or institute established or to be established in the City of Wellington for affording instruction and recreation to boys and youths, or to any trustees for any such society or institute, a parcel of land forming part of the lands referred to in The Te Aro Reclamation Act 1879, and known as Section 6, Block V, on a plan deposited in the Lands Registry Office at Wellington as No 540, for any term not exceeding forty-two years, to take effect on possession or within six months from the making of the lease, at a nominal rental, or such other rental (being less than the most improved rent) as the Corporation may deem proper:
Provided always that such lease shall stipulate that, if at any time the society or institute in favour of which the same shall have been granted shall cease to carry on operations, or the land thereby demised shall be used for any purpose other than the affording of such instruction and recreation as aforesaid, the Corporation may re-enter upon the said land, and thereby determine the said term.