Australian Capital Territory Current Acts

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SALVATION ARMY PROPERTY TRUST ACT 1934 - SECT 8

Receipts for mortgage and purchase moneys etc

The receipt in writing of a majority of the Trustees or of any person thereto authorised by such majority in writing to receive the same for the mortgage moneys raised on any property mortgage by the Trustees, or for the purchase money of any property sold under this Act, or for any moneys payable to them when exercising any of the powers by this Act conferred upon them, or when exercising any of the powers for the time being vested in the General or the Director of the Social Work, as the case may be, under and by virtue of the Deeds Poll, shall exonerate the mortgagee and the purchaser and all other persons for the time being paying such moneys to the Trustees, or the person authorised to receive the moneys from seeing to the application of the same, and from all liability as to the misapplication or non-application thereof and from inquiring into the propriety or necessity of any mortgage or sale, lease, or other dealing whatsoever.



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