Queensland Consolidated Acts

ANN STREET PRESBYTERIAN CHURCH ACT 1889 - SECT 4

4 How sales may be made—trustees may convey

(1) Every sale made in pursuance of the powers aforesaid may be in 1 or more lot or lots, and either by public auction or private contract, and upon payment of the purchase money to the trustees so selling as aforesaid they shall convey the land so sold to the purchaser or purchasers thereof, and such conveyance shall be valid and effectual in law and equity for all purposes whatsoever.

(2) However, such land shall be first offered for sale by public auction, and if not sold, any lot may at any time within 3 months thereafter be sold by private contract at a price not less than the highest price offered for the same at the auction, or if no price was offered, then not less than the reserve subject to which the same was so offered.