5Functions of the Trust

5 Functions of the Trust

5 Functions of the Trust

(1) The functions of the Trust are as follows:

(a) to purchase, exchange, take on lease, hold, dispose of and otherwise deal with property as trustee for, or for the purposes of, the Diocese in the case of property that is vested in the Trust in trust for the Diocese,

(a1) to purchase, exchange, take on lease, hold, dispose of and otherwise deal with property as trustee for, or for the purposes of, a Parish in the case of property that is vested in the Trust in trust for the Parish,

(b) to acquire property by gift or by devise or bequest and to agree to and carry out the conditions of the gift, devise or bequest,

(c) to borrow or lend money for the purposes of the Diocese or for the purposes of a Parish,

(d) to mortgage, charge or otherwise encumber trust property,

(e) to 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.

(1A) In exercising its functions under this Act, the Trust must at all times act in a manner consistent with the Statute and (to the extent that the exercise of a function relates to property held in trust for a Parish) in a manner consistent with the Parish By-laws of the Parish.

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

(3) This section does not limit section 50 of the Interpretation Act 1987.

s 5: Am 2001 No 12, Sch 1 [6]–[8].