Whereas by section one hundred and eighty-eight of The Reserves and other Lands Disposal and Public Bodies Empowering Act 1924, the Otago Harbour Board (in this section called the Harbour Board) was empowered to transfer or lease to the Education Board of the District of Otago (in this section called the Education Board) and the Education Board was empowered to accept a transfer or lease of any part of the endowment of the Harbour Board in the City of Dunedin not exceeding four acres in area subject to a proviso that in the event of a lease the term should be for a period of fifty years, at such rent, and with, upon, and subject to such terms, conditions, and provisions as might be agreed upon between the Education Board and the Harbour Board, including provisions for payment of valuation for improvements and for renewal for one or more recurring periods: And whereas the Harbour Board has agreed, subject to the necessary power being conferred by legislation, to lease to the Education Board an area of land comprising a part of its endowments and also other land of the Harbour Board contiguous thereto but not forming part of its endowment: And whereas the Harbour Board is desirous of being empowered if and whenever the Education Board requires the Harbour Board so to do to determine the leases or any of them granted by the Harbour Board of Sections 5, 6, 8, 9, and 10, Block LXIX, Dunedin, which sections are contiguous to the lands of the Otago Harbour Board already agreed to be leased by the Harbour Board to the Education Board as aforesaid: Be it therefore enacted as follows:—
(1) The Harbour Board is hereby empowered to lease to the Education Board and the Education Board is hereby empowered to accept a lease or leases of any part or parts of the land of the Harbour Board in the City of Dunedin, whether endowment or otherwise, not exceeding in all four acres in area, provided that the term of the said lease or leases shall be for a period of fifty years or such less period as shall be agreed upon between the Harbour Board and the Education Board, and such lease or leases shall be at such rent or rents and with, upon, and subject to such terms, conditions, and provisions as may be agreed upon between the Harbour Board and the Education Board, including provisions for payment of valuation for improvements and for renewal for one or more recurring periods.
(2) It shall be lawful for the Harbour Board, for the purpose of granting a lease or leases to the Education Board pursuant to subsection one hereof, to determine any lease of any of the said Sections 5, 6, 8, 9, and 10, or of any part thereof, as to the whole or any part of the land included in such lease by giving to the lessee three months' notice of such determination, and upon the expiration of three months from the service of such notice the term of such lease shall cease and come to an end as to the land comprised in such notice, but without prejudice to the rights or remedies of either lessor or lessee as to any breach of the provisions of such lease occurring prior to such determination. A memorandum under the seal of the Harbour Board setting out that any lease has been determined in whole or in part in terms of this section shall be conclusive evidence of the fact and be registrable under The Land Transfer Act 1952.
(3) If any such lease is determined as to part only of the land comprised therein, the lease shall (subject to subsection five hereof) thenceforth be construed and take effect as if the land comprised in the notice had never been contained in such lease.
(4) Upon the determination of any lease as aforesaid as to whole or part of the land comprised therein the Harbour Board shall, subject to the provisions of the, be entitled to enter into possession of the land comprised in the notice as if such lease had never been granted.
(5) Every person having any estate or interest in any lease determined in whole or in part as aforesaid shall be entitled to full compensation for the same from the Harbour Board.
(6) The compensation referred to in the last preceding subsection may be claimed and shall be determined in the manner provided by Part 3 of The Public Works Act 1928:
Provided that no claim for compensation shall be made in respect of the determination of any particular lease in whole or in part after a period of twelve months after the date of the service of the notice determining such lease; and all right and title to any compensation in respect of any lease so determined shall, after such period, absolutely cease.
(7) It shall be lawful for the Harbour Board, in lieu of paying in money the whole or part of the compensation mentioned in subsection five hereof, to enter into an agreement with any lessee whose lease has been determined in part for the reduction of the rent payable under such lease for the remainder of the term granted thereby, and every such agreement shall be evidenced by a memorandum executed by the lessee for the time being thereunder and the Harbour Board, and such memorandum shall be conclusive evidence of the fact and be registrable under The Land Transfer Act 1952.
(8) Any notice required or authorized by this Act to be served shall be in writing signed by the Secretary or Acting-Secretary of the Harbour Board, and shall be sufficiently served if served in the manner provided by The Property Law Act 1952, for the service of notices.
(9) For the purposes of this section lease includes an agreement to lease or other tenancy, and lessee includes an equitable lessee and also a tenant.
The reference to the Land Transfer Act 1952 was substituted, as from 1 January 1953, for a reference to the Land Transfer Act 1915 pursuant to section 245(1) Land Transfer Act 1952 (1952 No 52).
The reference to the Property Law Act 1952 was substituted, as from 1 January 1953, for a reference to the Property Law Act 1908 pursuant to section 155(2) Property Law Act 1952 (1952 No 51).