Victorian Consolidated Legislation

Loch Public Hall Trust Act 1966 - SECT 4

Power to pay fund to the trustees under the deed of trust

4. Power to pay fund to the trustees under the deed of trust



(1) Notwithstanding anything in any Act or law or in any trust or agreement-

   (a)  the registered proprietors of the land described in Schedule 2 may
        sell that land by public auction; and

   (b)  the whole of the fund may after payment thereout of all proper costs
        and expenses be paid to the trustees for the time being under the
        deed of trust.

(2) Upon payment of the fund or any part thereof pursuant to this section to
the trustees the persons who held the fund or the part thereof so paid upon
trust for the purposes of a new memorial hall shall be freed and discharged
from all further duties and liabilities under that trust in respect of the
fund or part thereof so paid.