3Incorporation of the State Council of the Association

3 Incorporation of the State Council of the Association

(1)  The persons who, at the commencement of this Act, are holding office as members of the State Council are, by force of this section, created a body corporate, and the members for the time being of the State Council holding office after the commencement of this Act shall continue to be a body corporate, by the name of the Boy Scouts Association, Tasmanian Branch.

(1A)  *[Section 3 Subsection (1A) inserted by No. 51 of 1972, s. 3 ]*Notwithstanding subsection (1) , from the commencement of this subsection the body corporate created by that subsection shall be known by the name of the Scout Association of Australia, Tasmanian Branch.

(2)  The corporation has perpetual succession and may have and use a common seal.

(3)  The corporation –

(a) may sue and be sued in its corporate name;

(b) may, in its corporate name, purchase, take on lease, hold, mortgage, and exchange, and lease, sell, or otherwise dispose of, real property and personal property;

(c) may invest, in investments authorized by law for the investment of trust funds, any moneys of the corporation;

(d) may borrow money either upon security or otherwise, and issue debentures;

(e) may lend any of the moneys of the corporation to such persons, for such purposes, and upon such terms and conditions, as it may think best calculated to promote the objects of the Association;

(f) may erect, maintain, and improve such buildings, and purchase or hire such machinery, plant, and equipment, as it may think best calculated to promote the objects of the Association; and

(g) may do and suffer all such other acts and things as bodies corporate may by law do and suffer.