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Central Bank Lease Empowering Act 1992-1993

CONSOLIDATED ACTS OF SAMOA 2008

CENTRAL BANK LEASE EMPOWERING
ACT 1992/1993

Arrangement of Provisions

TITLE
1. Short Title
2. Interpretation
3. Power to lease and to take on lease
Schedule

_____________________________

THE CENTRAL BANK LEASE EMPOWERING ACT 1992/1993

1992/1993 No. 31

AN ACT to empower the Minister of Natural Resources and Environment to grant to the Central Bank of Samoa a lease of certain Government land, and for the Central Bank to take such lease.

(16 February 1993)
(Commencement date 1 February 1993)

BE IT ENACTED by the Legislative Assembly of Samoa in Parliament assembled as follows:

1. Short Title - This Act may be cited as the Central Bank Lease Empowering Act 1992/1993.

2. Interpretation - In this Act unless the context otherwise requires:

"Central Bank" means the Central Bank of Samoa a body corporate established by the Central Bank of Samoa Act 1984.

"Minister" means the Minister of Natural Resources and Environment.

3. Power to lease and to take on lease - (1) Notwithstanding the provisions of any other enactment, the Minister is hereby empowered to lease to the Central Bank and the Central Bank is empowered to take on lease, the land described in the schedule to this Act for a term of 20 years at such annual rental (whether nominal or otherwise) as may be agreed upon by the Minister and the Central Bank and otherwise subject to such covenants, conditions and stipulations as are agreed upon between the Minister and the Central Bank, with two rights of renewal each for terms of 20 years at annual rentals (whether nominal or otherwise) to be determined in accordance with the provisions in that regard contained in the lease and otherwise subject to the same covenants conditions and stipulations as are contained in the lease.

(2) The Minister may with the agreement of the Central Bank at any time vary the rental payable under the lease or any renewal thereof and may with like agreement vary or amend any of the covenants conditions and stipulations contained therein.

(3) The Minister may with the consent of the Central Bank from time to time make boundary adjustments to the land which is the subject of any lease granted pursuant to this Act.

Provided that the total area (if any) added to the demised land consequent upon such boundary adjustments shall not exceed 20 perches.

SCHEDULE

All that piece or parcel of land containing an area of one acre one rood and eighteen decimal three perches (1a. 1r. 18.3p) more or less situated at the Reclaimed area in Apia, in the District of Tuamasaga described as Parcel 874, being parts of Parcel 575 and whole of parcel 869 Flur II Upolu and part of the land registered in Volume 10 Folio 281 of the Land Register of Samoa as the same is more particularly delineated on Plan 5490 deposited in the Office of the Chief Executive Officer of the Ministry of Natural Resources and Environment, Apia.

REVISION NOTES 2008

This law has been generally edited as provided for by section 5 of the Revision and Publication of Laws Act 2008. The following general revisions have been made –

(a) References to Western Samoa have been amended to Samoa in accordance with an amendment to the Constitution of Samoa in 1997.

(b) All references to the male gender have been made gender neutral.

(c) Amendments have been made to conform to modern drafting styles and to use modern language as applied in the laws of Samoa.

(d) Amendments have been made to up-date references to offices, officers and statutes.

(e) Other minor editing has been done in accordance with the lawful powers of the Attorney General.

There were no amendments made to this law since the publication of the Western Samoa Statutes Reprint 1978-1996.

Revised and consolidated by Graham Bruce Powell
Under the supervision of Teleiai Lalotoa Sinaalamaimaleula Mulitalo
(Parliamentary Counsel)

REVISION NOTES 2008 No. 2

Section 4 (general powers of the Attorney General) of the Revision and Publication of Laws Act 2008 is used to insert the commencement date. By virtue of section 8 of the Acts Interpretation Act 1974, in the absence of an expressed commencement date, the date of assent is the commencement date.

There were no amendments made to this law since the publication of the Consolidated and Revised Statutes of Samoa 2007.

Revised and consolidated by the Legislative Drafting Division under the supervision of Teleiai Lalotoa Sinaalamaimaleula Mulitalo (Parliamentary Counsel)

The Central Bank Lease Empowering
Act 1992/1993 is administered in the Central Bank.