The Presbyterian Church (New South Wales) Property Trust Act 1936
19Trustees’ powers to mortgage
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19 Trustees’ powers to mortgage
19 Trustees’ powers to mortgage
Subject to the rights of congregations under section twelve hereof it shall be lawful for the Trustees from time to time and at all times hereafter to mortgage, and for that purpose to convey and assure in fee or for any term of years all or any lands hereby vested in them and/or all or any lands which may hereafter the or become vested in them to any person, firm or company for securing such sum or sums of money with interest thereon as they may deem requisite or necessary for the purposes of the church generally or any of its funds, services, institutions or interests or for the purposes of any congregation of such church.