Victorian Consolidated Legislation

Melbourne Racing Club Act 1956 - SECT 4

Vesting in body corporate of real and personal property of or held in trust for association

4. Vesting in body corporate of real and personal property of or held in trust
for association



(1) Upon the commencement of this Act and without any further or other
authority than this Act there shall be vested in the body corporate-

   (a)  all the lands specified in the Schedule to this Act for an estate in
        fee simple subject however to the encumbrances (if any) recorded in
        the respective folios of the Register of the said lands or otherwise
        affecting the same;

   (b)  all other real property of whatsoever nature or tenure vested or held
        immediately before the commencement of this Act in or by trustees for
        the use or benefit of the members for the time being of the
        association;

   (c)  all personal property of whatsoever nature or description vested in or
        held by the committee of the association or any other person on behalf
        of or for the use or benefit of the association.

(2) The Registrar of Titles must make any recordings on the folio of the
Register referred to in sub-section (1)(a) that are necessary or expedient in
consequence of this Act, and the holders of any relevant certificates of title
must if requested to do so deliver them to the Registrar of Titles.

(3) Where any property vested in the body corporate under or by virtue of
paragraph (b) or paragraph (c) of sub-section (1) of this section consists of
land registered under the Transfer of Land Acts the Registrar of Titles upon
application made to him in that behalf and upon proof of the facts relating
thereto and on payment of the proper fees shall give effect in the Register to
such vesting by registering the body corporate as the proprietor of such land.