Page:1930 QLD Royal Commission into Racing Report.djvu/84

 In Witness Whereof the parties hereto have hereunto set their hands the day and year first hereinbefore written.

made the Twenty-fourth day of August One thousand nine hundred and twenty-three.

In the Matter of the contract of sale and purchase about to be made this day between and  the vendors of the one part and the Trustees of  the purchasers of the other part Whereas for the consideration moneys to be provided for and the agreements and stipulations to be contained in the contract of sale and purchase and to be paid observed and performed by the purchasers the vendors agree to sell and the purchasers agree to purchase the Kedron Park Racecourse and the buildings plant and goodwill thereof And whereas some doubts have been expressed as to the personal liability of the trustees and the individual members of the said Club in regard to the payment of the purchase money and the observance and performance by the purchasers of the agreements and stipulations about to be provided in the said contract.

Now it is hereby expressly Agreed and Declared by the vendors and the purchasers that the whole of the liability for payment of the purchase money and the observance and performance of the agreements and stipulations to be contained in the said contract shall be binding on the Kedron Amateur Racing Club in its capacity as a Club and on its property and assets or on its successors or permitted transferees and that neither the trustees nor any of the members of the Kedron Amateur Racing Club shall be individually or personally liable for payment of the said purchase money or any part thereof or for the observance or performance of any of the agreements and stipulations therein to be contained And the said trustees and members are and each of them is hereby declared to be personally free from liability under or in respect of the said Contract.