10Power to mortgage

10 Power to mortgage

*[Section 10 Amended by No. 36 of 1958, s. 5 ]*The body corporate may borrow any sum or sums of money, with or without security, and may secure the payment of any sum or sums of money by mortgage or charge of or over all or any real or personal property for the time being vested in it: Provided that no debt incurred for the general purposes of the Salvation Army shall be secured upon any property which is for the time being held upon trust for the social work of the Salvation Army, and that any moneys raised on any property which is for the time being held upon trust for the social work of the Salvation Army shall only be used for the purposes of the said social work.