9Powers of the body corporate

9 Powers of the body corporate

9 Powers of the body corporate

The body corporate shall have power, from time to time:

(a) to purchase, take on lease, or acquire by gift, devise, bequest, exchange or otherwise any real or personal property, and

(b) in relation to any church trust property at any time vested in it:

(i) to sell it and to exchange it for other land and to transfer or convey church trust property so sold or exchanged to the purchaser or person taking in exchange, freed and discharged from all trusts affecting the same in the hands of the body corporate, and

(ii) to demise or let it for such term at such rent and with or without taking a premium, fine or foregift and subject to such provisions as to the body corporate shall appear desirable, and

(iii) to accept surrender of leases, upon such terms and subject to such conditions as to the body corporate shall appear desirable, and

(iv) to raise money on the security of it on such terms and conditions as to the body corporate shall appear desirable, and

(v) to declare trusts of it or of any estate or interest in it created by the body corporate for any association of members of the church or for the use or benefit of or for any purpose of any such association and either to retain the property in relation to which trusts are so declared, or to vest it, or any estate or interest so created, in other trustees upon the trusts so declared, and

(c) for any purpose mentioned in this section to execute all such instruments as to the body corporate shall appear proper.