The Short Title of this Act is “The Invercargill Racecourse Trustees Empowering Act, 1897.”

The said trustees of the Invercargill Racecourse Reserve, named in the preamble of this Act, are hereby empowered to sell, after having given at least four weeks’ notice of their intention so to do, published in one or more newspapers circulating generally in the District of Southland, by public auction, in one or several lots, the land described in the First Schedule hereto, with all buildings and improvements thereon, and to apply the proceeds of such sale in or towards the acquisition, purchase, or cultivation and improvement of the land mentioned and described in the Second Schedule of this Act. And such last-mentioned lands shall thereafter be held on the same or similar trusts and provisions to those on which the lands described in the First Schedule have been held.

So much of section nine of the said ordinance as provides that moneys received by the said trustees may be applied by them in and towards providing prizes for races to be run on the said racecourse, and generally in and towards the encouragement of the breeding of horses, and for such other purposes as the trust may from time to time determine to apply the same, is hereby repealed.

Nothing in this Act contained shall be held to invalidate any of the provisions of the said ordinance except as specially provided in this Act; and the said trustees, or their successors, shall have power to execute under their corporate seal all deeds and do such other things as may be necessary to give effect to the provisions of this Act.