Whereas by a Declaration of Trust bearing date 11 July 1944, William Alexander Campbell, of Taumarunui, Company Secretary and Mayor of Taumarunui; Wallace Presswich Lindsay, of Taumarunui, aforesaid, Company Manager and President of the Taumarunui and District Chamber of Commerce; Wenzel Meads, of Manunui, Farmer and President of the Taumarunui and District Returned Services' Association (Incorporated); and Neil Joseph Benedict Dougherty, of Ohura, Farmer and President of the Southern King Country Farmers' Union, declared certain trusts in respect of certain funds subscribed by the residents of Taumarunui (in this Act referred to as the Taumarunui Services' Memorial Fund) for the purpose of establishing and providing an administrative centre, memorial hall, and club decorations, furnishings, and fittings therefor in commemoration of the officers and men of the Taumarunui district serving in the 1914–19 and the 1939–45 Wars:
And whereas by the said Declaration of Trust it was declared that the parties thereto or other the persons for the time being holding the respective offices of Mayor of Taumarunui, President of the Taumarunui and District Chamber of Commerce, President of the Taumarunui and District Returned Services' Association (Incorporated), and President of the Southern King Country Farmers' Union (hereinafter called the present trustees) should be the trustees under the said Declaration of Trust by virtue of holding their respective offices for the periods during which they respectively hold such offices:
And whereas the said Fund was expended in the purchase of an interest in the land described in the Schedule and the buildings then thereon and in the purchase of various furnishings and fittings:
And whereas the Taumarunui and District Returned Services' Association (Incorporated) (hereinafter called the Association) is in occupation of the said land and buildings as club premises and has added extensively to the buildings on the said land and to the furnishings in the said buildings and uses the said land and buildings as its club premises:
And whereas the said Declaration of Trust contains a provision that upon the dissolution of the Association or if the said land and premises and any other property real and personal subject to the trusts of the said Declaration of Trust should at any time be no longer required by the Association for the purposes aforesaid the same should be held by the trustees thereunder or transferred to or otherwise vested in the Taumarunui Borough Council for the benefit of the inhabitants of the Borough of Taumarunui in perpetuity to the intent that the same shall be and remain for ever a memorial to the officers and men belonging to and connected with the said district and serving in the 1914–19 and the 1939–45 Wars:
And whereas the Association has requested the present trustees to consent to the said land and buildings and furnishings being vested in the Association absolutely freed and discharged from the trusts imposed by the said Declaration of Trust:
And whereas the present trustees, with the consent of the bodies corporate they represent, have agreed to such request:
And whereas it is desirable that effect should be given to such consent.