Victorian Consolidated Legislation

Melbourne Orphan Asylum Sale Act 1875 - SECT 5

Power to corporation to lease unsold premises

5. Power to corporation to lease unsold premises

It shall be lawful for the said corporation to demise or let for the purposes
of occupation building repairing or improving or any purposes whatsoever such
of the said lands and premises as shall not for the time being have been sold
or any portion or portions thereof for such terms of years or for lives or for
years determinable on lives or for lives with or without a term or for any
period whatsoever at such rents with or without fine or premium and generally
upon such terms and in such manner as the said corporation shall think fit
with power to enter into and to vary or rescind any contract for any such
demising or letting and to apportion any rent reserved or agreed to be
reserved by or in any lease or letting or agreement for a lease or letting.
And all moneys received by way of fine or premium in respect of any demise or
letting hereunder shall be deemed capital moneys and dealt with as if the same
were proceeds of sale of such lands and premises.