4. Lands etc. may be mortgaged

    And whereas the Right Reverend Henry Hutton Parry, Bishop of Perth, the chairman of the said Governors, has with the sanction of the said Governors expended certain moneys in building upon, repairing, and improving the said lands, tenements, and hereditaments, and it is deemed expedient to authorise the said Standing Committee 4 to raise, by mortgage of the said lands, tenements, and hereditaments hereby vested in the said Committee, sufficient funds for the repayment to the said Bishop of the moneys so expended by him as aforesaid, with the interest due thereon: Be it further enacted that it shall be lawful for the said Standing Committee to mortgage the said lands, tenements, and hereditaments, or any part thereof, in fee simple or for any term of years, for any sum of money not exceeding the sum of 1 400 5, in such manner as the said Committee shall think fit, and to assure the said lands, tenements, and hereditaments, or any part thereof, to the mortgagee or mortgagees thereof, his, her, or their heirs and assigns, either with or without a power of sale and leasing respectively, in case of default being made in the payment of the principal or interest moneys by such mortgage secured at the time or times therein appointed for the payment thereof respectively, and with such other powers and provisions as shall be deemed expedient; and to give receipts for the money so to be advanced; and the said lands, tenements, and hereditaments shall be held and enjoyed by the mortgagee or mortgagees thereof, his, her, or their heirs and assigns, freed and absolutely discharged from the trusts to which the same may for the time being be subject.



Note: This is not an authorised version. The only authorised version is the hardcopy (printed) version published under authority of the Government Printer, available from the State Law Publisher, 10 William St Perth W.A. 6000.