17Functions of Trust in relation to general trust property and generally

17 Functions of Trust in relation to general trust property and generally

17 Functions of Trust in relation to general trust property and generally

(1) The functions of the Trust in relation to general trust property are as follows:

(a) to acquire property and to use, manage, control, hold, exchange, take on lease or dispose of and otherwise deal with property as trustee for, or for the purposes of, the Church,

(b) to mortgage, charge or otherwise encumber that property for the purposes of the Church,

(c) to make gifts or donations of that property for the purposes of the Church.

(2) The Trust may do and suffer all other things that bodies corporate may, by law, do and suffer and that are necessary for or incidental to the exercise of its functions under this Act.

(3) Without limiting subsection (1), the Trust has the following functions:

(a) to acquire property by gift, devise or bequest and to agree to and carry out the conditions of the gift, devise or bequest (which may include exchanging, holding, disposing of, mortgaging, charging or otherwise encumbering, or otherwise dealing with, that property),

(b) to borrow or lend money for the purposes of the Church, including any of its congregations and ministries, with or without security,

(c) to enter into any guarantee or indemnity that may assist the Trust or the Church in the exercise of its functions,

(d) to establish committees of management for the purpose of facilitating the establishment and management of specified ministries,

(e) to recognise congregations on behalf of which property may be held by the Trust.

(4) The Trust has such other functions as are conferred or imposed on it by this or any other Act.

(5) If, while any general trust property is held by the Trust under a trust that requires it to be used for or on behalf of a particular ministry, the ministry is dissolved, the Trust may deal with the relevant property for such purposes of the Church as the Trust may determine.

(6) This section, and section 18, do not limit section 50 of the Interpretation Act 1987.