6APower to sell land in the Second Schedule

6A Power to sell land in the Second Schedule

6A Power to sell land in the Second Schedule

(1) It shall be lawful for the trustees for the time being to sell the land, or any part of the land, held by them and described in the Second Schedule to this Act by public auction, or, with the consent of the Minister, otherwise than by public auction, in one or more lots as the trustees may deem expedient, for such price as can be reasonably obtained.

(2) The proceeds of any sale under subsection one of this section shall be held by the trustees, after payment of costs, expenses, and encumbrances, for the general purposes of the trust, including the fencing of the boundaries of the balance of the land held by them.

s 6A: Ins 1960 No 38, sec 2 (b).