Friendly Societies Discharge Act, 1854

Trustees may purchase, &c. buildings for offices, &c.;

and mortgage or sell, &c. the same.

7. The trustees for the time being of any society intended to be affected and provided for by this Act may from time to time, with the consent of the board of directors or board or committee of management thereof, purchase, hire, or take upon lease, and adapt and furnish, any buildings for the purpose of holding the meetings and transacting the business of such society, and shall hold the same in trust for the use of such society, and may, with such consent as aforesaid, mortgage, sell, exchange, or let the same, or any part thereof; and the receipt in writing of such trustees shall be a valid and legal discharge for the money arising from any such mortgage, sale, exchange, or lease, and for any other moneys payable to them by virtue of this Act; and no purchaser, mortgagee, lessee, assignee, or other person shall be bound to ascertain or show whether any such consent shall have been given as aforesaid, or be answerable for the misapplication or nonapplication of the moneys in any such receipt expressed to be received, or be bound to see to the application thereof: Provided always, that any building which now belongs to any such society may be held and dealt with in the same manner as if it had been acquired under or by virtue of this Act.