Corporation to lease Mechanics' Institute to trustees
10 Corporation to lease Mechanics' Institute to trustees
s. 10
Upon the completion to the satisfaction of the trustees mentioned in the said first section of this Act or the survivors or survivor of them by the Corporation of the said Mechanics' Institute the same shall be demised and leased by the Corporation to the trustees the survivors and survivor of them or other the trustees or trustee for the time being appointed or to be appointed by the Governor in manner as in the said Deed Poll firstly above recited mentioned for a term of nine hundred and ninety-nine years at a nominal rent of one farthing per annum who shall take and hold the same upon the trusts and subject to the like conditions provisoes and declarations as the trustees hereinbefore mentioned before the passing of this Act held the said lands mentioned in the said Deed Poll hereinbefore firstly above recited and upon such other terms and subject to such covenants and conditions as to re-entry and otherwise as may be mutually agreed upon by and between the Corporation and the trustees.
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