45.

'filE ILLl\\'IJ\IU

,-,-,NO...;.'~1.=~:-_1977 .

.~ liN OnnnlANCE to vary t>he-tl?\ia\;a a'l'1d authorise #'.' the mortgnging of certain property.

vlllEREAS

A. The Grammar School (hereinafter called "The School") is

managed by :'l Council.constituted by The Ordinance

1958-1966.

B.. Clause 12 of the snid ordinance authorises the mortgaging or cha:t:;,Iing

5 of the .assets ,of the School including the land described in the Schedule

of that ordinance (hereinafter called "the School site") as the Council

nay from time to time deter~ine.

C. The Council has borrowed money from time to time on the security of . letters of undertaking issued by Sydney Church of EnCJlillld I'inancc illlU Loans

10 Board and The Illawarra Grammar School Mortgilge Ordinance 1971 authorised

the mortgaging of the School site for a sum not exceeding One huno~~d and

twenty thou~and,dullars ($120,000).

D. The School has acquired '::urther lands since 1958 nIl of which. are

vested in Church of England Property Trust Diocese of Sydney (hereinafter

15 called "the Corporate 'l'rus,tec").

E. The School site alld the further lands acquired since 1958 nrc described

in the Schedule hereto (hereinafter called "the said lands") and are church

trust',property held upon tr'Js,t for the, School.

F. By reason of circumstances which have arisen since the creation of the ~ .~ ,. trusts of the said lands ~~r=-+o--GoiIri73' ~~, ,' ~ 20 .;.d ,~6' alt~~;;!:'tgr ~l1d I same d<.r pi !; , .... it is expedient to author.ise the Ae: .- ~ 1 mortgaging or chnrging of those Inn'.1s.

~ the Standing Committee of the Synod of the ,Diocese 0: Sydney in the name"

and place of the said Synod I1EREnYOI~flINS DECLl\lmS DllmC'!'!) AND HUU:S a!.l follows:-

25 ""I,;;;.'_....;B:.-y reilson of circurostances which have arisen since the creation of the

I (trusts' of the said lands irl=d£=~ieRe l' ~

'I'~ ~ .te lifts SIIl;eoll" hel!'eillaft;e.~~ee.,::aftd-it ~s expedient to mortgage or ~vf(

charge the said lands. ,.' ..­

- 2 -

2. The Corporate Trustee is 'hereby empowered to mortgage or charge the

30 s~id lands or any of them from time to time when requested to do so by .

th.e Council by re!~olution provided that the C017porate Trustee shall not

carry out any SUCy1• request if it ...,ill bring the total borrowi.ngs of

the School to more than Five hundred thousand do11ars ($500,000). , 3. The proceeds.. of. any mortgtige or charge given pursuant to this ordinance' 35 shall b~ applied for the general purposes of the School. ..:4..:..__T=:his ordinance may be cited as "The Il1awarra Grammar Schoo1-~-Q-cion d

sf. ~l!l:\et~ Hortgaging ,Ordinance 1977". 4~ I•

SCIJEDULE

'ALL THI\T piece or parcel of land situate in and knOl'in as 54 \'100dlawn [\Venue Hangerton in the City of \~ollongong Parish of 1'.'011ongong County of Camden COntaining an area of 271:1 perches or thereabouts being ,r,ot 104 in Deposited Plan Number 12252 with a frontage to \'lood1awn p.venue of 50 feet and being the whole of the landcomprise~ in Cer·tificate of Title Volume 5179 Folio 202 • . ALL THJ\T piece or parcel: of land situate off vlester.n J\venue\'lest l'Iollongong in the City of ~ollongong Parish of I'.'ollongong County of Camden containing an area of 5 acres 2 roods 31:1 perches or thereabou.ts being Lot 26 in Deposit:~d Plan Number 220627 and being 'the whole of the land comprised in Certificate of Title Volume 9963 Folio 77.

ALL THAT piece or parcel. of land situate off I'.'est Wol10ngong in the City of Wol10ngong Parish ofl'.'ollongong and County of Camden containing an area uf 1 acre 20 perches or thereabouts being Lot 2 in Deposited Plan Number 503643 and being the whle of the land comprised in Certificate of Title Volume 96G8 Folio 8.

ALLTHJ\T piece or parcel of land situate in Gib~ons Road Figtree in the City of Wol10ngong Parish of 1'.'0110ngong and County of Camden containing an area of 7 acres 3 roods 2 perches or thereabouts being Lot 2 in Deposited Plan NuIDber 552840 and being the whole of the land

ALL THJ\T piece or parcel of land situate in and known' as 45-59 Phillip Street Waterloo in the Hunicipality of South Sydney Parish of Alexandria and County of Cu!nberland containing an area of 1. rood 4 3/4 perches or thereabouts being Lots 5,6, 7, 8 and '9 ,of Burt's'sub-division of 2 acres I rood 20 perches of the Noun t Lachlan Estate CO:·::,lENCING at the intersecti on of the' NorthE'lstern side of Douglas Street with the Southern side of Phillip ~:treet being distan t Easterly 224 feet from the int.e.csecti.on of the latter street with the NorthEastern side of Pitt Street and bou~ded tl1ence on the North hy the Southern side of Phillip Street bearing 152 feet 3~ inches thence on the East by the v:estern side of Union Street bearing Soutl1erly 82 feet 8 inches thence on "the South by a line bearirlg Vlesterly 140 feet: lO~ inches . thence on the South I'.'est by the North Eastern ?ide of Douglas Street aforesaid bearing North vlesterly 84 feet 7 inches to the point of conunencemcnt. .-' .,3

ALL 'i'HIIT piece or parcel of lund zil:uLlte in "lfun:.;ard Sl:reet \'I<1te2:loo in lhe' Municipality o~ South Sydney Purish of Alexandria County of Cumb~rlLlncJ being Lot 4 of the Chester F:ztatc COt11·lENCING at the South i'lC!ltern cC'rner of Lot 5 and being a point on the Northern boundury of lfun!lLlr.d Street beurlng We5terly and distunt 337 feet 3 inches from the Horth vIes tern lJoundury of PLlul Strc'~l: and bounrled thence by a line bearing North Ea5tcrly 100 feet to a lane 20 feet wide thcnr.e by part of the Southern boundary of thul: lane beuring Westerly 16 fec,t thence by

ALL TW\T pLcce or pi'.rccl of land situate ~n King'5ton noad Camperdown in the City of Sydney Puri,sh of Petersham County of Cwnberland containing an areLl of 7 3/4 perches being Lot 5 in plan annexed to Tran5fer Number 11526959 and being the ~Ihole of the land comprised in Certificatc of Title Volume 1042 Folio 2.

ALL TIfAT piece or parcel of land situate in Vlestern Avenue Mangerton City of 'Purish of Wollongong and County of Camden being Lot 111 in Deposited Plan Number 12252 and being the whole of the land comprised ,in Certificate of Title Volume 4896 Folio 122. \ '

I CERTIFY that the Ordinance as printed is in accordance with the Ordinance as reported.

------i~·/ ';,,~ .. "­ t"J7f- - .iJc.~ j~c. Committees.

\ I CERTIFY that this Ordinance was. passed by the Standing commit~ce of the Sydney of the Diocese of Sydney on the .dnd day of Mey 1977. ~.~

I ASSENT to this Ordinance.

Archbishop of Sydney. .' ,J /S/1977

"