Whereas the lands described in subsection (6) are vested in the Auckland Hospital Board (in this section referred to as the Board) for an estate in fee simple in trust as a site for a hospital and for or towards the maintenance and support of a hospital:
And whereas the said lands are not required for those purposes and the Board has agreed to sell and the Northcote Borough Council (in this section referred to as the Council) has agreed to purchase the said lands for development for housing purposes for the sum of 30,000 pounds:
And whereas the Board and the Council have further agreed that the Board will accept payment of the said sum of 30,000 pounds either by debentures to the value of that sum issued by the Council under the Land Development Loan 1958, £33,000 (in this section referred to as the loan), or partly by cash and partly by debentures issued under the loan but the Board has no authority to do so:
Be it therefore enacted as follows:
(1) Notwithstanding the provisions of section 69 of the Hospitals Act 1957, the Board may, without further authority than this section, sell to the Council for the sum of 30,000 pounds the lands described in subsection (6) and may accept payment of that sum in debentures to the value of 30,000 pounds issued by the Council under the loan, or partly in cash and partly in debentures issued under the loan to the value of such part of that sum as is not paid in cash, and on the sale of those lands all trusts and reservations theretofore affecting the same shall be deemed to be cancelled.
(6) The lands to which this section relates are more particularly described as follows:
All those parcels of land containing together by admeasurement 74 acres 4 perches and one-tenth of a perch, more or less, being—
Firstly, Lots A, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 23, 24, 25, 26, 27, 28, 29, 30, 31, and part of Lot 17 on a plan lodged in the Deeds Register Office at Auckland as Number T32, being portion of Allotments 14, 15, 16, and 17, Parish of Takapuna:
Secondly, Lots 8 and 9 on Deposited Plan Number 37783, being portion of Allotment 20, Parish of Takapuna:
Thirdly, portions of Allotments 14, 15, and 17, Parish of Takapuna:
Being the whole of the land comprised in certificates of title, Volume 531, folios 14, 15, 16, 17, 18, and 19, and Volume 970, folios 74 and 289, and part of the land comprised in certificates of title, Volume 531, folios 10 and 13, Auckland Registry.