the-ordinances-of-the-legislative-counci-1890v2 — Page 115

or 1881. ]]
HIERS AND WIIARVES ( Jonnson's ). [ 18 of 705


powers conferred upou him or them by this ordinance , and in
reference to the same he or they shall be deemed to be the said
Francis BULKELEY Jounson his executors , administrators or
assigns.
16. Subject to the approval of the Governor in Council being demise
Power .to
first obtained ( but not otherwise ), the said FRANCIS BULKELEY
Joussox his executors, administrators or assigns may , at any
time and from time to time demise their undertakings or any
part or parts thereof, to such person , corporation , or company',
for such term or terms of years, or from year to year, or for
any less period, and for such rent or rents, and upon such terins
and conditions in all respects, as the said FRANCIS BULKELEY
Johxson his executors, administrators or assigns shall think
fit to a lopt, to take effect either in possession or reversion, and
either with or without a premium , or premiums, as a considera
tion or considerations for such deinise or demises.
17. It shall be lawful for the said Francis BuLKELEY Joun- Power to
son his executors, administrators or assigns, from time to time, mortgage.
and at any time to borrow money on mortgage of all or any
part of his undertaking, and for that purpose to assign or demise
by way of mortgage, all or any portiou of the said wharves and
piers to any person or persons, corporation, or company, and to
enter into all such covenants, provisoes, declarations and agree
ments as the said FRANCIS BUIKELEY Jouxson his executors,
administrators or assigns shall think fit and proper.
18. The rights, powers, and privileges granted by this ordi- ordinance
Duration .of
wance to the said Francis BULKELEY Johnson, his executors,
administrators and assigns, shall continue in force for twenty
years to be computed from the date of the proclamation thereof.
Provided always that the Governor in Council may , from time
to time, so often as the Governor in Council shall think it
expedient, by order, to be published in the Gazette, declare that
the duration of such rigbts, powers, and privileges shall be
extended for any further term or terms not exceeding ten years
at a time,and thereupon such rights, powers, and privileges
shall continue in force for such extended period.
19. Upon tl :e cessation of the rights, powers, and privileges ('essation of
granted by this ordinance, it shall be at the option of the powers.
Governor in Council to purchase the wharves and piers and
works by this ordinance authorised from the said FRANCIS
BULKELEY JOHNSON, his executors, administrators, or assigns
for a price which shall be exclusive of any allowance for past or
future profits of the undertaking, or any compensation for
compulsory sale, to be determined in case of difference by two
arbitrators to be nominated one by the Governor in Council,