340C   Vesting of certain lands in councils by notice

(1)  Where the council is entitled under section 340A or 340B to require the conveyance or transfer to it of land in a plan of subdivision and such land was marked in such plan with the words “public garden and recreation space”, or, as the case may be, the words “drainage reserve” or “reserve for drainage”, the council, instead of requiring such conveyance or transfer, may by a notice published in the Gazette notify that such land is vested in the council and thereupon such land shall without further assurance and by virtue of that notice and of this Act vest in the council for an estate in fee-simple and:

(a)  in the case of any such land so marked with the words “public garden and recreation space” shall be deemed to be dedicated as a public reserve, and

(b)  in the case of any such land so marked with the words “drainage reserve” or “reserve for drainage” shall, subject to this Act, be held by the council for drainage purposes.

(2)  When creating a folio of the Register kept under the Real Property Act 1900 for the estate or interest of the council in any land so marked with the words “public garden and recreation space” and vested in the council under this section the Registrar-General shall, by reference to this section or otherwise, indicate that such land is dedicated as a public reserve.