3Power to purchase etc

3 Power to purchase etc

3 Power to purchase etc

(1) The corporation shall have power to purchase, acquire and hold lands and any interest therein and also to sell, mortgage, lease, or otherwise dispose of the said lands or any interest therein, and all lands, tenements, hereditaments, and other property, real or personal, now belonging to the said association under the said rules and by-laws or vested in trustees for the said association or any committee thereof or for the general purposes of the said denomination shall on the passing of this Act be vested in and become the property of the corporation subject to any trusts, special or otherwise, and to all charges and claims and demands in anywise affecting the same.

(2) The corporation has, and shall be deemed always to have had, power to acquire, purchase, exchange, hire, sell, mortgage, lease, hold and dispose of, and otherwise deal with, personal property.

(3) The corporation may do and suffer all things that bodies corporate generally may, by law, do and suffer and that are necessary for or incidental to the purposes for which it is constituted.

s 3: Am 1984 No 5, Sch 1 (4) (a) (5).