Victorian Consolidated Legislation

Forestry Pulp and Paper Company's Afforestation Contracts Act 1949 - SECT 2

Definitions

2. Definitions

In this Act unless inconsistent with the context or subject-matter-



"Company" means the Forestry Pulp and Paper Company of Australia Limited;



"afforestation contract" means any existing agreement for sale of land made by
the company or its predecessors in title with any person at any time prior to
the commencement of this Act whereby the company or its predecessors agreed to
plant tend and cultivate trees or plants on the land included in the agreement
and in due course to harvest and realize the same for commercial purposes and
divide the proceeds between the Company and the purchaser in the proportions
stated in such agreement and to transfer to the purchaser the fee simple in
the said land;



"purchaser" means a purchaser under an afforestation contract, and "purchase
money" means the purchase money payable by the purchaser under an
afforestation contract;



"stock" means a certificate entitling the registered holder thereof to a share
in the real and personal property held by the Company in trust for purchasers
under afforestation contracts, and "stockholder" means a registered holder of
stock.