14Power of trustees for sale to sell by auction, &c.

14 Power of trustees for sale to sell by auction, &c. (1) Where a trust for sale or a power of sale of property is vested in trustees, they may sell or concur with any other person in selling all or any part of the property, either subject to prior charges or not, and either together or in lots, by public auction or by private contract, at one time or at several times, subject to any such condition respecting title or evidence of title or other matter as the trustees think fit, with power to vary any contract for sale, and to buy in at any auction, or to rescind any contract for sale and to re-sell, without being answerable for any loss. Trustees exercising power of sale, empowered to convey (2) For the purpose of completing any such sale as aforesaid, the trustees shall have full power to convey or otherwise dispose of the property in question, either by way of revocation and appointment of uses, or otherwise, as may be necessary. Proclamation in the Government Gazette 12 expressed in the instrument creating the trust or power, and shall have effect subject to the terms of that instrument and to the (4) This section applies only to trusts and powers created by an instrument coming into operation after 21 October, 1862.