✨ Land Auction Conditions
106
CONDITIONS.
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The highest bidder to be declared the purchaser.
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Should any dispute arise between two or more bidders, the Sections so in dispute will be put up again at the last bonâ fide bid, and re-sold.
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A deposit of 10 per cent. on the sum bid will be required on the fall of the hammer to be paid to the Provincial Treasurer, failing which, the Section in question shall be immediately put up again at the upset price.
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The residue of the purchase money to be paid on or before the 29th September, 1866, or the deposit paid on the Section will be forfeited.
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Upon payment of the nine-tenths of the balance, a Conveyance will be made to the purchaser at his expense.
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Sections upon which deposits are forfeited may, during a period of six months from the day of sale, be purchased at the price bid for the same at auction, less the 10 per cent. deposit forfeited.
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If the upset price for any Section be not bid, such Section may, during a period of six months from the day of sale, be purchased at the upset price.
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Should there be any simultaneous applications for the Section or Sections mentioned in Clauses 6 and 7 of these Conditions, then such Section or Sections shall be submitted to competition between the applicants only.
Printed under the authority of the Government of the Province of Hawke’s Bay, by JAMES WOOD, Printer for the time being to such Government.
Hawke's Bay Provincial Gazette 1866, No 24
✨ LLM interpretation of page content
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Conditions for Land Auction
(continued from previous page)
🗺️ Lands, Settlement & SurveyLand sale, Auction, Conditions, West Clive Suburban Block
- JAMES WOOD, Printer for the time being to such Government