This Act shall be termed and may be cited as the Picton Institute Act 1864

It shall be lawful for the Superintendent of the Province of Marlborough with the advice of his Executive Council, for any nominal or other consideration to convey and assure unto the 5 Trustees nominated for that purpose by the members of the Picton Institute, all that piece or parcel of land in the Town of Picton aforesaid, being Section numbered 259 on the plan of the Town of Picton, to hold the same upon trust as a site for the erection of buildings for the aforesaid Institution.

Whenever, by reason of death, resignation, bankruptcy, or absence from the Province for the space of 12 successive calendar months the number of Trustees shall be reduced below 3, a meeting of the members of the Institution shall be called by advertisement in some local newspaper at least 14 days previous to such meeting, and the members present at such meeting shall elect a number of new Trustees equal to the number of vacancies, and every such choice or appointment of new Trustees shall be made to appear by some deed under the hand of the chairman of the meeting at which such choice or appointment may be made, which deed shall be executed in the presence of such meeting and attested by not less than 3 members of the Institute, and may be in the form or to the effect of the Schedule to this Act annexed or as near thereto as circumstances will allow, and may be given as evidence in the same manner and on like proof as deeds, and shall be evidence of the truth of the several matters and things therein contained.