The Life Assurance Companies Act Amendment Act.-1899. policy, unless it shall appear that notice was received by the Company prior to the issue of such special policy of any assignment, or other dealing with the original policy, affecting the right or title of the person claiming such special policy, or the right of the Company to issue such special policy. 11. In the event of the loss or destruction of a special policy a substituted special policy may, from time to time as occasion may require, be issued instead thereof, and all the provisions of this Act with regard to the issue of a special policy shall apply to the issue of each substituted special policy. DIVISION I. Substituted special policies may be issued. DIVISION II. TRANSFER OF POLICIES FROM ONE REGISTER TO DIVISION II. Policies may be transferred to a ComSouth Australia. pany's register out of 12. Any policy on the South Australian register of any Company shall, while it remains on the South Australian register, be governed in all respects by the laws of South Australia, but may, if such Company think fit, be transferred at the request of the policy holder to the register of such Company in any other country, and any such policy so transferred shall, until it is re-transferred to the South Australian register of such Company, be treated in South Effect of such Australia in all respects as a policy issued in the country to which the register pertains, and in particular shall be treated in South Australia as governed by the laws of such country with regard to assignments and the extent, if any, to which policies are protected from creditors. transfer. 13. Any policy on the register of a Company elsewhere than in Policies may be South Australia may, if the Company think fit, be transferred at the transferredto a Comrequest of the policy holder to the South Australian register of such tralian register. Company. Any such policy so transferred shall, so long as it is on Effect of such the South Australian register of the Company, be governed by the transfer. law of South Australia. scribe mode of 14. The transfer of a policy from the South Australian register Companies to preof any Company to the register of such Company in any other transfer. country, or from the register of any Company in any other country to the register of the Company in South Australia, shall be made in such manner as such Company from time to time directs. 15. All policies for the time being on the South Australian Policies on South Australian register register of any Company shall, for the purposes of the "Life Assu- to be South Austrarance Companies Act, 1882," be South Australian liabilities of such lian liabilities. Company. In the name and on behalf of Her Majesty, I hereby assent to this Bill. TENNYSON, Governor. An Act to facilitate the Purchase of the Glenelg Railways, and for other purposes. W [Assented to, December 21st, 1899.] HEREAS it has been agreed in writing between Her Majesty's Preamble. Government of South Australia and the Glenelg Railway Company, Limited, that the said Government shall, in the name and on behalf of Her Majesty, purchase, and the Glenelg Railway Company, Limited, shall sell, the whole of the railways, lands, buildings, rights, easements, privileges, concessions, works, stables, engines, carriages, cars, horses, stock, machinery plant, materials plant, appurtenances, stores, goods, commodities, effects, and things, and all other property of every description (including new rollingstock constructed and in course of construction) of the said Glenelg Railway Company, Limited, for the sum of One Hundred and Twenty Thousand Pounds cash on transfer and possession, on or before the fifteenth day of December, one thousand eight hundred and ninety-nine: And whereas it is expedient that the said purchase should be completed within the time limited by the said agreement, and that the said railways and other property, when so purchased, should form part of the general system of Government railways, and should be vested in The South Australian Railways Commissioner, and managed and conducted by him, the said Commissioner, in like manner, under the like conditions, and with the like privileges as all other Government railways, and freed from all obligations to which the Glenelg Railway Company, Limited, is now subject-Be it Enacted by the Governor, with the advice and consent of the Parliament of South Australia, as follows: Short title. Conditions. The Glenelg Railways Purchase Act.-1899. 1. This Act may be cited as "The Glenelg Railways Purchase Act, 1899." 2. Upon the completion of the sale and purchase of the said railways and property (a) The said railways, lands, and other property so purchased (c) No rights of pre-emption or otherwise shall accrue to adjoining (d) Her Majesty's Government and the said Commissioner shall, in respect of the railways so purchased, be free from all obligations except such as are now imposed upon the said Government or the said Commissioner in respect of Government railways: (e) Her Majesty's Government and the said Commissioner shall have the right to continue the traffic as heretofore carried on of the said railways in, upon, and along the streets or roads of any Municipal Corporations, and to use such streets and roads in like manner and to the same extent as such traffic is now conducted, and as such streets and roads are now used by the said Company without the permission of and without any payment to any Municipal Corporation in respect of such continuance of traffic or use: (ƒ) The The Glenelg Railways Purchase Act.-1899. (f) The Acts mentioned in the Schedule hereto shall, to the extent therein set forth, be repealed, and the powers and liabilities of the Glenelg Railway Company, Limited, under the said Acts shall cease except so far as might be necessary for the winding up of the said Company. 3. "The South Australian Railways Commissioners Act, 1887," Incorporation. and all Acts incorporated therewith, and all Acts passed or hereafter to be passed amending the same, are hereby, so far as the same are severally applicable to and consistent with the provisions of this Act, incorporated and shall be read with this Act. 4. All by-laws, rules, and regulations now in force, or which General by-laws to may be hereafter made, in respect of Government railways shall apply. apply to the railways so purchased as in this Act mentioned. In the name and on behalf of Her Majesty, I hereby assent to this Bill. TENNYSON, Governor. |