Charge of existing debts
20 Charge of existing debts
All mortgages, charges, and other debts owing by or charged upon the property of the Hutchins School or the Launceston Church of England Grammar School shall continue to be charged upon, or payable out of, the property held by Christ College Trust in trust for such respective schools; but the property of Christ College Trust shall not otherwise be responsible for or liable to such debts, and all future debts and liabilities incurred by the boards of Christ College, the Hutchins School, and the Launceston Church of England Grammar School respectively shall only render the property of Christ College Trust liable to the same to the extent provided by this Act.
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