5Functions of Trust

5 Functions of Trust

5 Functions of 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 St. Shenouda Coptic Orthodox Monastery,

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

(c) to borrow money for the purposes of the St. Shenouda Coptic Orthodox Monastery,

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

(e) to make gifts or donations of property held by it for the purposes of the St. Shenouda Coptic Orthodox Monastery,

(f) 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.

(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.