18Powers of board of management

18 Powers of board of management

The board of each institution shall manage and control the lands, buildings, moneys, and other property held from time to time by Christ College Trust in trust for it other than by way of income-producing property, and generally control and manage the finances thereof, and shall have power to rent any buildings or premises which it may deem suitable, or to accept the use of any buildings or premises which may be placed at its disposal. The Board may at its discretion pay any surplus income to the trustees of Christ College Trust to create or augment an endowment fund for its institution.