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Schedule 2

Trusts affecting Bell Street lands and powers of trustees

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Schedule 2 Trusts affecting Bell Street lands and powers of trustees

section 7

To hold the Bell Street lands and the improvements for the time being thereon upon trust for the purposes of the Ipswich Trades Hall with power to the trustees, free of any restriction prescribed by the Land Act 1994

(a)

to mortgage the whole or part of the lands and the improvements thereon to secure repayment of any advance or advances made in respect of those improvements and for the purpose of effecting further improvements on the lands or of maintaining the improvements on the lands and to secure payment of interest on such advance or advances;

(b)

to let or lease, with the consent of the mortgagee (if any), the whole or part of the lands and the improvements thereon that is surplus to the requirements of the Ipswich Trades Hall.

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