New South Wales Consolidated Acts

WALKER TRUSTS ACT 1938 - SECT 13

13 Constitution of certain bodies corporate

(1) Subject to subsection (6), from and after the commencement of this Act the trustees for the time being of the Thomas Walker Convalescent Hospital and the trustee of the Yaralla Cottages shall respectively be bodies corporate by the respective names of “The Thomas Walker Convalescent Hospital” and “The Yaralla Cottages Trust.”

(2) All courts, judges and persons acting judicially shall take notice of the common seal of each of those corporations.

(3) Such corporations may respectively acquire, purchase, sell, mortgage, lease and hold lands, chattels and other property for the purposes of their respective trusts and for the purposes of this Act:
Provided that property acquired by gift inter vivos or by will by either of the said corporations shall be administered and appropriated in the manner and for the purposes (if any) expressed by the donors.

(4) Such bodies corporate shall respectively manage and govern the respective charitable trusts whereof they are trustees and may make by-laws not inconsistent with the provisions of this Act for the control and management of their respective trusts and of all officers, servants, visitors, patients and inmates.

(5) So long as the Perpetual Trustee Company (Limited) is a member of a body corporate by this Act created it shall be entitled to payment out of the income of such body corporate of such income commission as would be payable to it if it were the trustee administering the trust administered by such body corporate.

(6) The body corporate named The Thomas Walker Convalescent Hospital is hereby dissolved.