Lady Kintore Cottages Act 1920

This Act may be cited as the Lady Kintore Cottages Act 1920.

All the estate, right, title, and interest of the said James Marshall and Frederick William Bullock and of the Lady Kintore Cottages, Incorporated, in the real property and moneys mentioned in the Schedule are hereby transferred and assigned to and vested in The Adelaide Benevolent and Strangers' Friend Society, Incorporated, an association duly incorporated under the provisions of the Associations Incorporation Act 1890 (hereinafter referred to as the Society).

From the passing of this Act the account in the Savings Bank of South Australia to the credit of which the said moneys stand may, subject to the provisions of this Act, be operated upon in the same manner and by the same persons as in the case of other moneys belonging to the Society.

Such real property and moneys shall be held by the Society upon trust to use the same for the purpose of—

administering relief and providing affordable housing and other assistance to sick or disadvantaged people in the State; and

undertaking all such things or activities which are necessary, incidental or conducive to the advancement of the purpose referred to in paragraph (a).

If such real property is at any time sold under the power to sell conferred by the rules of the Society, such other real property as is purchased in substitution therefor shall be held on the same trust.

Subject to the provisions of subsection (1) of this section, such real property and moneys shall be managed and dealt with in all respects according to the rules of the Society.

Upon the passing of this Act the said James Marshall and Frederick William Bullock shall be absolutely released and discharged from the trusts and obligations imposed upon them by the said Declaration of Trust, and from all future liability in respect thereof.

Notwithstanding the provisions of the Real Property Act 1886, or any other Act, the Registrar-General of Deeds shall, upon the production to him of the duplicate certificate of title to the real property described in the Schedule, enter a memorial on the appropriate folium in the Register Book, and upon the said duplicate certificate, that all the estate and interest of the Lady Kintore Cottages, Incorporated, in the land therein comprised is, pursuant to the provisions of this Act, transferred to the Adelaide Benevolent and Strangers' Friend Society, Incorporated.

When such memorial has been made, the said duplicate certificate of title shall be delivered to the secretary for the time being of the Society.

Notwithstanding anything contained in the Stamp Acts 1886 to 1919, no stamp duty shall be chargeable in respect of the transfer effected by this Act of the real property described in the Schedule.

If the Society becomes registered as a company limited by guarantee under the Corporations Act 2001 of the Commonwealth, or transfers the whole of its assets and undertaking to such a company—

all references in this Act to the Adelaide Benevolent and Strangers' Friend Society Incorporated and to the Society will be taken to be references to the relevant company; and

all references in this Act to the Society's rules will be taken to be references to the relevant company's constitution.

The Schedule

Section 2

Real property

Part town acre No. 621, situated in the City of Adelaide, and being the whole of the land comprised in Certificate of Title, Register Book volume 688, folio 171, together with all buildings and erections thereon.

Money

The sum of Two Hundred and Seventy-one Pounds in the Savings Bank of South Australia; or such other sum as may at the time of the passing of this Act be standing to the credit of the Lady Kintore Cottages, Incorporated, in the said Bank.