3. Trustees may sell, mortgage or lease lands
Subject to any Statute of the Synod of the Anglican Church of Australia so far as it is in the State 4 and to this Act, The Perth Diocesan Trustees 5 ¾
(i) may sell any lands granted by the Crown and held in trust for the said Church or for any of the purposes thereof, and transfer or otherwise assure the same to a purchaser freed and absolutely discharged from any trusts to which the said lands may be subject;
(ii) may mortgage such lands to secure moneys lawfully borrowed, and for the purposes of such security assure such lands to the mortgagee and his assigns freed and discharged from any such trusts as aforesaid;
(iii) may, notwithstanding any such trusts, lease any such lands for any term with or without right of renewal and either by way of building lease or otherwise and subject to such covenants, conditions, and agreements as they may think fit.
[Section 3 amended by No. 34 of 1918 s. 11; No. 4 of 1960 s. 5; No. 121 of 1976 s. 7.]