9
CurrentGeneral powers of body corporate
9 General powers of body corporate
(a)
The body corporate shall have all such powers as may be necessary for or incidental or conducive to the carrying out of any of its objects.
(b)
The body corporate may except as is in this Act otherwise expressly provided apply any of its moneys whether income or capital and howsoever arising or acquired for or towards such one or more of the objects of the body corporate and in such manner as the Board of Management may from time to time determine: Provided that pending any such application any such moneys may be invested in any security authorised by the Trustee Act 1925 or any Act or Acts amending the same.
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