CAP. 29]
Appointment of Official Trustee.
(Cap. 100).
Payment of trust
moneys into bank to
credit of Official Trustee.
10 & 11 Vict. c. 96, s. 1: 56 & 57 Vict. c. 53, s. 42.
Transfer of trust securities into name of Official Trustee. 10 & 11 Vict. c. 96, s. 1.
Trustee.
PART VII.
The Official Trustee.
66. (1) For the purpose of carrying into effect the provisions of this Part, it shall be lawful for the Governor to appoint a fit and proper person to be Official Trustee : Provided that, until such appointment is made, the Registrar General appointed under the Registrar General (Establishment) Ordinance shall ex officio exercise all the powers, privileges and discretions, and discharge the duties required to be performed by the Official Trustee under this Ordinance.
(2) The said office shall have perpetual succession, and all lands or any interest therein, and all moneys, stocks, and securities and land which may be vested in the Official Trustee under this Part shall be deemed to be vested in the Official Trustee for the time being, without any further transfer or conveyance.
67. Trustees, or the majority of trustees, having in their hands or under their control any moneys belonging to any trust, shall be at liberty, on filing in the Registry of the court an affidavit shortly describing the instrument creating the trust, according to the best of their knowledge and belief, to pay the same, with the consent of the Official Trustee and in accordance with such directions as they may receive for the purpose from him, into the court; and the said trust moneys shall be paid through the Treasury into a bank authorized by the Governor on deposit bearing interest, or otherwise, to the account of the Official Trustee (by his official designation) in the matter of the particular trust (describing the same by the names of the parties, as accurately as may be, for the purpose of distinguishing it), in trust to attend the orders of the court.
68. Trustees, or the majority of trustees, having any securities standing in their names in the books of any public company or corporation established in the Colony, or in the names of any deceased persons of whom they are personal representatives, upon any trust, shall be at liberty, on filing such affidavit as aforesaid, to transfer such securities, with such consent and in accordance with such directions as aforesaid, into the name of the Official Trustee
504
Page 45
Page 46
CAP. 29]
Appointment of Official Trustee.
(Cap. 100).
Payment of trust
moneys into bank to
credit of Official Trustee.
10 & 11 Vict. c. 96, s. 1: 56 & 57 Vict. c. 53, s. 42.
Transfer of trust securities into name of Official Trustee. 10 & 11 Vict. c. 96, s. 1.
Trustee.
PART VII.
The Official Trustee.
66. (1) For the purpose of carrying into effect the provisions of this Part, it shall be lawful for the Governor to appoint a fit and proper person to be Official Trustee : Provided that, until such appointment is made, the Registrar General appointed under the Registrar General (Establish- ment) Ordinance shall ex officio exercise all the powers, privileges and discretions, and discharge the duties required to be performed by the Official Trustee under this Ordinance.
(2) The said office shall have perpetual succession, and all lands or any interest therein, and all moneys, stocks, and securities and land which may be vested in the Official Trustee under this Part shall be deemed to be vested in the Official Trustee for the time being, without any further transfer or conveyance.
67. Trustees, or the majority of trustees, having in. their hands or under their control any moneys belonging to any trust, shall be at liberty, on filing in the Registry of the court an affidavit shortly describing the instrument creating the trust, according to the best of their knowledge and belief, to pay the same, with the consent of the Official Trustee and in accordance with such directions as they may receive for the purpose from him, into the court; and the said trust moneys shall be paid through the Treasury into a bank authorized by the Governor on deposit bearing interest, or otherwise, to the account of the Official Trustee (by his official designation) in the matter of the particular trust (describing the same by the names of the parties, as accurately as may be, for the purpose of distinguishing it), in trust to attend the orders of the court.
68. Trustees, or the majority of trustees, having any securities standing in their names in the books of any public company or corporation established in the Colony, or in the names of any deceased persons of whom they are personal representatives, upon any trust, shall be at liberty, on filing such affidavit as aforesaid, to transfer such securities, with such consent and in accordance with such directions as aforesaid, into the name of the Official Trustee
504
Page 45Page 46
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