This Ordinance may be cited and referred to as the Northern Agricultural and Pastoral Reserve Management Ordinance 1871.

The Honourable Mathew Holmes of Oamaru, William Derrett of Oamaru, Esquire, Alexander McMaster of Oamaru, Esquire, James Hassell of Oamaru, Esquire, Honourable Henry John Miller, Honourable John McLean, George Murray Webster, Esquire, Peter Aitcheson, Esquire, and John McFarlane, Esquire, and all such other persons as shall be hereafter appointed Trustees under the provisions of this Ordinance, and their successors shall be and they are hereby constituted a corporate body in fact and in law by the name and style of the Trustees of the Northern Agricultural and Pastoral Association and by that name they and their successors shall have perpetual succession and a common seal with full power and authority by the same name and style to sue and be sued, plead, and be impleaded, defend, and be defended in all Courts and in all causes and suits at law or in equity whatsoever with power to take, purchase and hold to them and their successors all goods, chattels, and personal property whatsoever and also all such lands, hereditaments and possessions as may be transferred to and vested in them as a site for holding exhibitions of livestock and agricultural produce or for any purposes in connection therewith and also to do all other matters and things incidental and appertaining to a corporate body, subject nevertheless to any provisions in this Ordinance contained affecting such powers.

So often as any person so appointed shall die, resign, become incapable to act or be removed, suspended or absent from the said Province for the space of 6 consecutive months it shall be the duty of the said Superintendent to appoint by Proclamation in the Government Gazette for the Province of Otago either permanently or temporarily as occasion may require another fit and proper person or persons to be a Trustee or Trustees in the room and stead of the Trustee or Trustees so dying, resigning, becoming incapable, or being absent as aforesaid.

The said parcel of land described in the Schedule hereto shall be transferred to and vested in and held by the Trustees of the Northern Agricultural and Pastoral Association and their successors in trust for the purpose of holding exhibitions of livestock and agricultural produce thereon subject nevertheless to the powers, provisions and conditions herein expressed and declared.

It shall be lawful for the Trustees of the Northern Agricultural and Pastoral Association (hereinafter referred to as the Trustees) to set apart a sufficient portion of the said parcel of land as and for a site upon which to hold exhibitions of livestock and agricultural produce and from time to time to vary and alter the portion which may for the time being be set apart and to set apart another portion of the said land for such site in lieu thereof.

It shall be lawful for the Trustees by deed under their corporate seal to lease from time to time at such rent and on such conditions as they may think reasonable the whole or any part of the said parcel of land which may not be required for the purpose of holding exhibitions of livestock and agricultural produce for any term or term of years not exceeding 21 years at any one time.

All money arising from the rents, issues, and profits of the said parcel of land shall be paid over to the Trustees and shall be applied by them in and towards the improvement of the said land and in rendering any part thereof that may be set apart as a site for the exhibition of livestock and agricultural produce suitable for that purpose and in and towards providing prizes for exhibits at any exhibitions held on such site or elsewhere in the Province of Otago and generally in and towards the encouragement of agriculture and the breeding of livestock and for such other purposes as the Trustees may from time to time determine to apply the same.

It shall be lawful for the Superintendent for the time being of the Province of 0tago at the request in writing of the Trustees from time to time to make such rules and regulations (not inconsistent with any of the provisions of this Ordinance) as to him shall seem proper and the same or any of them to alter, amend, or annul in such way as he shall see fit:

Provided that no such rules or regulations and no amendment or alteration of the same shall be or be considered to have come into operation until the same shall have been published in the Government Gazette for the Province of Otago.