NTIn ForceAct
Trustee Act 1893
18Power to insure building
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18 Power to insure building
Court may authorize expenditure or improvements, &c.
(2) The Supreme Court may, on the application ex parte or otherwise,
of a trustee, or of a beneficiary interest in trust property, authorize
the expenditure by the trustee, out of the capital or income of the
trust property or of the estate of a deceased person, of such sum as
the Court may think fit in repairing, reinstating, or improving the
trust property or estate, and may by the same or any subsequent
order authorize the trustee to raise moneys required for the purpose
of such expenditure by mortgage of the trust property or estate
concerned, or of any other property or estate subject to the same
trusts.
(3) This section does not apply to any building or property which a
trustee is bound forthwith to convey absolutely to any beneficiary
upon being requested to do so.
(4) This section applies to trusts created either before or after the
commencement of this Act; but nothing in this section shall
authorize any trustee to do anything which he is in express terms
forbidden to do, or to omit to do anything which he is in express
terms directed to do, by the instrument creating the trust.
Proclamation in the Government Gazette 14