8Power to sell

8 Power to sell

8 Power to sell

The Trustees may at any time they think fit sell or dispose of the said trust property or any part thereof either for cash or on such terms of credit as they may think fit and for the purposes of such sale or disposal may accept mortgages or other securities to secure the payment of the whole or any part of the purchase moneys. Subject to section ten of this Act the proceeds of such sale shall after deducting therefrom all costs, charges, mortgages, encumbrances and commissions in connection with such sale or disposal and after payment thereout of all outstanding debts and liabilities be invested by the Trustees in or upon any investments authorised by the Trustee Act 1925 or any Act amending the same and such investments and any mortgages or securities accepted by the Trustees to secure payment of purchase money and the income to be derived from such investments, mortgages or securities shall be held by the Trustee upon the same trusts as the trust property is by this Act held by them.