40Powers etc of Authority in respect of land vested in it

#### 40 Powers etc of Authority in respect of land vested in it 40 Powers etc of Authority in respect of land vested in it > > (1) If any land is vested in the Authority by the operation of section 39, the Authority may, while the land remains so vested, make any application or exercise any right, power or privilege which under the Crown Lands Acts might be made or exercised by a holder or owner, subject to mortgage, of land of the same tenure which is not liable for forfeiture. > > > (2) If, in consequence of any application made or right, power or privilege exercised by the Authority under subsection (1), the tenure of the land so vested in the Authority is altered, the Authority may exercise the powers conferred on it by section 39 as if the land vested in it had been land of the altered tenure.