the-ordinances-of-the-legislative-counci-1890v3 — Page 337

1620 ORDINANCE No. 1 OF 1882.


Tramways.


Application of compensation.
Purchase-money 89. If the purchase-money or compensation which shall be payable in respect of
payable to
parties under
disability any of the said lands, mentioned in the said schedule D. , or of any interest therein,
amounting to
$1,000 to be purchased or taken by the company from any tenant for life or in tail, married woman
deposited in the
Bank. seized in her own right, guardian, committee of lunatic or idiot, trustee, executor or
administrator, or person having a partial or qualified interest only in such lands, and
not entitled to sell or assign the same except under the provisions of this Ordinance,
or the compensation to be paid for any permanent damage to any such lands, amount
to, or exceed, the sum of one thousand dollars, the same shall be paid into the bank,
to be placed to the account there of the Registrar of the Court ex parte the company in
the matter of this Ordinance (citing it) pursuant to the method for the time being in
force for regulating moneys paid into Court ; and such moneys shall remain so
deposited until the same be applied to some one or more of the following purposes ,
(that is to say) :--
Application of In the discharge of any debt or incumbrance affecting the land in respect of
moneys
deposited.
which such money shall have been paid , or affecting other lands settled
therewith to the same or the like uses, trusts , or purposes ; or,

In the purchase of other lands to be assigned, limited, and settled upon the
like uses , trusts, and purposes, and in the same manner as the lands in
respect of which such money shall have been paid stood settled ; or,

If such money shall be paid in respect of any buildings taken under the
authority of this Ordinance, or injured by the proximity of the works,
in removing or re- placing such buildings , or substituting others in their
stead, in such manner as the Court shall direct ; or,
In payment to any party becoming absolutely entitled to such money.

Order for appli 90. Such money may be so applied as aforesaid upon an order of the Court, or
cation and
investment
meanwhile. of a Judge in Chambers, made on the petition or summons of the party who would
have been entitled to the rents and profits of the lands in respect of which such money
shall have been deposited ; and until the money can be so applied it may, upon the
like order, be invested by the proper officer of the Court in or upon any securities or
investments in or upon which trustees are, by section 17 of Ordinance No. 7 of 1873 ,
authorized to invest trust moneys, and the interest, dividends and annual proceeds
thereof paid to the party who would, for the time being, have been entitled to the
rents and profits of the lands.
Sums from $25 91. If the purchase-money or compensation shall not amount to the sum of one
to be deposited
or paid to trus thousand dollars and shall exceed the sum of twenty-five dollars, the same shall either
tees.
be paid into the bank, and applied in the manner hereinbefore directed with respect
to sums amounting to, or exceeding, one thousand dollars, or the same may lawfully
be paid to two trustees, to be nominated by the parties entitled to the rents or profits
of the lands in respect whereof the same shall be payable, such non.ination to be
signified by writing under the hand of the party so entitled ; and in case of the