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Power to Statutory Trustees to sell, mortgage, charge, etc., trusts of proceeds.
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8.—Notwithstanding anything contained in the deed or instrument under which the same is held the Statutory Trustees in respect of all property vested in them of whatsoever kind, and wheresoever situate, may exercise all or any of the powers following, that is to say the Statutory Trustees may from time to time with the sanction of the Conference sell, grant in fee farm, lease exchange or otherwise dispose of the same or any part thereof on such terms and in such manner as they think fit or mortgage any property vested in them, and may enter into, execute and do all contracts, assurances and things necessary or proper in that behalf and every such disposition as aforesaid may be made either absolutely in consideration of any price or in consideration of any annual rent or rents to be made payable as the Statutory Trustees direct or partly for a sum of money and partly for such rent or rents as aforesaid as the Statutory Trustees think fit and the Statutory Trustees may afterwards sell any rent so to be made payable and any such rent and the proceeds of any such disposition shall thenceforth be held upon the trusts theretofore affecting the property so disposed of.
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