Victorian Consolidated Legislation

Lord Mayor's Charitable Fund Act 1996 - SECT 9

Powers of the Board

9. Powers of the Board

The Board has the power to do all things necessary or convenient to enable it
to perform its functions, and in particular may-

   (a)  take, purchase, hold, lease, mortgage, sell and dispose of or
        otherwise deal with, real and personal property; and

   (b)  invest money in the Fund in any manner in which money may be invested
        under the Trustee Act 1958; and

   (c)  if money or an investment is given to the Fund under a trust, invest
        the money in an investment or continue an investment in accordance
        with the terms of the trust.