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FELLOWSHIP OF CONGREGATIONAL CHURCHES (NEW SOUTH WALES) INCORPORATION ACT 1977 - SECT 8
Provisions affecting property of the Fellowship
8 Provisions affecting property of the Fellowship
(1) The Fellowship shall hold land described in Schedule 5 that is vested in
it by section 6, and land that becomes vested in it pursuant to section 7,
subject to the provisions of and upon the trusts of Schedule 3.
(2) The
Fellowship shall hold property (other than land referred to in subsection (1))
in trust for the purposes of the Fellowship and upon any other trust affecting
the property.
(3) Subject to subsection (2), the Fellowship shall hold
property (other than land referred to in subsection (1)) in accordance with
the directions and resolutions of the Assembly.
(4) All land which pursuant
to section 6 or 7 becomes vested in the Fellowship is freed and discharged
from all of the provisions and trusts of The Congregational Union
Incorporation Act.
(5) Except in relation to the trusts declared by The
Congregational Union Incorporation Act, the vesting effected by section 6 or 7
shall be without prejudice to: (a) any special trust,
(b) any resulting
trust,
(c) any trust in favour of a donor, and
(d) any reservation,
mortgage, charge, encumbrance, lien or lease,
that, immediately before the
vesting, affected the land vested.
(6) No attornment to the Fellowship by any
lessees of land vested in it by section 6 or 7 shall be necessary.
(7) In
this section,
"special trust" means any trust other than a trust for the general purposes of
the Fellowship.
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