NSWIn ForceAct
Mosman Anzac Memorial Hall Act 1938
15Power to insure
Start here
Get a plain-English read of 15
Turn the raw legal text into a practical explanation grounded in Mosman Anzac Memorial Hall Act 1938.
15 Power to insure
15 Power to insure
(1) The Trustees may insure against loss or damage, whether by fire or otherwise any insurable property forming part of the trust property and against any risk or liability against which it would be prudent for a person to insure if he were acting for himself.
(2) The insurance may be for any amount, provided that, together with the amount of any insurance already on foot, the total shall not exceed the insurable value or liability.
(3) The premiums may be paid by the Trustees out of the income derived from the trust property.