Article 3 Land

in the case of the land described in paragraph 1 of the said Part I, vest in Carmarthenshire County Council; and

in the case of the land described in paragraphs 2 and 3 of the said Part I, vest jointly in those Welsh councils (“the trustee councils”) described in column (2) opposite the land in question to be held by those trustee councils for and on behalf of the appropriate Welsh councils (“the beneficiary councils”) described in column (3) opposite in the proportion specified for each such council in column (4).

any property in or on that land being property held by the Residuary Body;

any rights or liabilities of the Residuary Body in respect of that land or property;

any rights or liabilities of the Residuary Body in relation to a contract for the provision of services for, or the delivery of goods to, that Body (including any rights and liabilities in relation to such contracts vested in that Body by virtue of article 22(2)(a) of the Local Government Reorganisation (Wales) (Property etc.) Order 1996^f1), where the contract relates exclusively to the said land or property; and

any documents of the Residuary Body relating exclusively to that land or the property, rights and liabilities relating thereto referred to in sub paragraphs (a) to (c).

the expression “property in or on that land” shall include vehicles and moveable property of the Residuary Body which are normally kept in or on such land when not in use; and

“contract” includes any enforceable undertaking and a contract of insurance but does not include a contract for banking services.