Whereas the Te Awamutu and Hamilton Borough Councils and the Waipa, Raglan, and Otorohanga County Councils (in this section, unless the context otherwise requires, referred to as the Councils) have joined with the Crown in the acquisition of the land hereinafter described:
And whereas out of the total purchase price of 1,700 pounds the Councils provided 1,350 pounds in varying amounts as agreed upon between themselves and as more particularly set forth in a memorandum of agreement (in this section referred to as the agreement) made on 9 June 1942, a copy of which is deposited in the Head Office, Department of Lands and Survey, at Wellington, under Number 5171 (Auckland):
And whereas portion of the said land is in bush, and it has been arranged between the Crown and the Councils that such portion shall be set aside under the provisions of the Scenery Preservation Act 1908:
And whereas it has been further arranged that the remainder of the said land shall be vested in the Te Awamutu Borough Council to be held in trust for itself and the other contributing local authorities for the purposes of afforestation and water conservation and as a scenic reserve:
And whereas the agreement provides for the management and administration of the land to be vested in the Te Awamutu Borough Council, for the appointment by the Councils of a committee of management, for payment by the Councils of the costs and expenses of such Committee, and for other matters incidental to the use and management of such land:
And whereas it is desirable that the payments made by the Councils towards the purchase price of the land hereinafter described should be validated:
And whereas it is also desirable that the agreement should be validated, and that other provision should be made as hereinafter appears:
Be it therefore enacted as follows:
(1) The payments by the Councils towards the cost of acquisition of the land hereinafter described in the proportions set forth in the agreement are hereby validated and declared to have been lawfully made.
(2) The agreement is hereby declared to be valid and binding in all respects and of full force and effect according to the tenor thereof, and the parties thereto shall be deemed to have been duly empowered to enter into and execute the same, and to have had and to possess full power to do all things necessary to give full force and effect to the same.
(3) The Governor-General may by Order in Council vest such portion or portions of the land hereinafter described as he may think fit in the Te Awamutu Borough Council. The land so vested shall be held by the said Council in trust for itself and the other parties to the agreement for the purposes of afforestation and water conservation and as a scenic reserve, and shall be managed, administered, and dealt with generally in accordance with the relevant provisions of the agreement.
(4) The land to which this section relates is particularly described as follows:
Firstly, all that area in the Auckland Land District, containing by admeasurement 306 acres 3 roods and 18 perches, more or less, being Section 4, Block VII, Pirongia Survey District, and being all the land comprised in certificate of title, Volume 786, folio 229, Auckland Registry.
Secondly, all that area in the Auckland Land District, containing by admeasurement 294 acres 2 roods and 24 perches, more or less, being part of Section 5, Block VII, Pirongia Survey District, and being all the land comprised in certificate of title, Volume 788, folio 195, Auckland Registry.
Thirdly, all that area in the Auckland Land District, containing by admeasurement 151 acres 2 roods and 20 perches, more or less, being part of Section 13, Block VII, Pirongia Survey District, and being all the land comprised in certificate of title, Volume 737, folio 206, Auckland Registry.