New South Wales Consolidated Acts

TRUSTEES OF SCHOOLS OF ARTS ENABLING ACT 1902 - SECT 5

5 Mode of obtaining power to sell etc

(1) Any trustees desiring to sell, lease, or mortgage any lands or any part thereof, may, by giving fourteen days’ notice by advertisement in two separate issues of a newspaper circulating in the district in which such lands are situate, convene for the special purpose of considering the desirability of such sale, lease, or mortgage, a meeting of the members of the institution for which such lands are reserved, dedicated, granted, or held.

(2) If at such meeting a resolution to the effect that it is desirable to sell, lease, or mortgage such lands is duly passed and carried by a majority of not less than three-fourths of such members present at such meeting, the trustees may, by giving fourteen days’ notice as aforesaid, convene for the special purpose of confirming such resolution a second meeting of such members.

(3) Such second meeting shall be held not less than one month from the date of holding the meeting first abovementioned.

(4) At such second meeting such resolution may be confirmed by a resolution duly passed and carried by a majority of not less than three-fourths of such members present at such second meeting.