1901_TRAMWAYS_ORDINANCE__1883 — Page 33

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TRAMWAYS.

[No. 2.

415

in manner provided by this Ordinance and of the re-investment there- of in the purchase of other lands, and also the costs of obtaining the proper orders for any of the purposes aforesaid, and of the orders for the payment of the dividends and interest of the securities on which such money is invested, and for the payment out of Court of the principal of such money or of the securities whereon the same is invested, and of all proceedings relating thereto, except such as are occasioned by litiga- tion between adverse claimants: Provided always that the costs of one application only for re-investment in land shall be allowed, unless it appears to the Court that it is for the benefit of the parties interested in the said money that the same should be invested in the purchase of lands, in different sums, and at different times, in which case it shall be lawful for the Court to order the costs of any such investments to be paid by the Company.

Assignments.

97. Assignments of lands to the Company shall be in such form as Form of the Company may think fit.

assignment.

98. The costs of all such assignments shall be borne by the Company, Costs of and such costs shall include all charges and expenses incurred, on the assignment. part as well of the seller as of the purchaser, of all assignments and assurances of any such lands and of any outstanding terms or interests therein, and of deducing, evidencing, and verifying the title to such lands, terms, or interests, and of making out and furnishing such abstracts and attested copies as the Company may require, and all other reasonable expenses incident to the investigation, deduction, and verification of such title.

costs of

99.—(1.) If the Company and the party entitled to any such costs Taxation of assignment. do not agree as to the amount thereof, such costs shall be taxed by the Registrar on an order of the Court, to be obtained on petition in a summary way by the Company, or by such party, if the Company refuses or neglects to apply for such order for fourteen days after notice from such party to do so; and, the Company shall pay what the Registrar may certify to be due in respect of such costs to the party entitled thereto, or, in default thereof, the same may be recovered in the same way as any other costs payable under an order of the Court.

(2.) The expense of taxing such costs shall be borne by the Company, unless upon such taxation one-sixth part of the amount of such costs is disallowed, in which case the costs of such taxation shall be borne by the party whose costs are so taxed, and the amount thereof shall be ascertained by the Registrar and deducted by him accordingly in his certificate of such taxation.