• Preamble

  WHEREAS all endowment lands of the dissolved Mangawai Harbour Board were, by the provisions of the Northland Harbour Board Act 1965, vested in the Otamatea County Council: And whereas endowment lands so vested in the Otamatea County Council are held for the improvement of the Mangawai Harbour: And whereas the control of the Mangawai Harbour is now vested in the Northland Harbour Board: And whereas the Council desires to give lessees of the said endowments the right to acquire the fee simple of the said endowments: And whereas the Council desires to hold and expend accumulated and future income derived from such endowment lands and the proceeds of the sale of such lands for county purposes in and around and for the benefit of the Mangawai endowment area: And whereas, on a surrender of a lease of the said endowment lands, the Council is desirous of granting a new lease or leases to the lessee or any other person for any term up to twenty-one years without public tender or auction or calling for public application: And whereas the council has no authority to grant such leases and it is desirable that the Council be authorised to do so: And whereas the Mangawai Harbour Board (now dissolved) has granted such leases without authority: And whereas it is desirable that any lease so granted by the said Mangawai Harbour Board be validated: And whereas the said Mangawai Harbour Board has granted certain leases purporting to fix the rental in respect of any renewed term of such lease otherwise than in conformity with the provisions set out in Schedules 1 and 2 to the Public Bodies' Leases Act 1908: And whereas it is also desirable to validate such leases provided such rental is so assessed in conformity with the provisions of the Public Bodies' Leases Act 1908:

BE IT THEREFORE ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows: