Power to sell, lease, &c., land vested in trustees
11 Power to sell, lease, &c., land vested in trustees
The Synod may, in respect of lands of the Church in this State that now are vested in the corporate trustees, and subject to the special trusts, if any, affecting those lands, and subject to the special powers, provisos, and declarations, if any, applicable thereto, by ordinance or resolution, direct a sale, lease, exchange, mortgage, or other disposition of such lands.
The corporate trustees have thereupon, subject to any special directions of the Synod, full power to effect such a sale, lease, exchange, mortgage, or other disposition on such terms and conditions and in such manner in all respects as they shall deem most advantageous, and to do, enter into, and execute all necessary acts, deeds, leases, mortgages, contracts and assurances for carrying into legal effect any such sale, lease, exchange, mortgage, or other disposition.
The corporate trustees shall hold, manage, and deal with the moneys arising from such sale, lease, exchange, mortgage, or other disposition, and shall hold, manage, and deal with any lands so taken in exchange upon the trusts, if any, declared by the instrument affecting the land; and if there are no such trusts, then in such manner as the Synod by ordinance or resolution directs.
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