Queensland Consolidated Acts

ANN STREET PRESBYTERIAN CHURCH ACT 1889 - SECT 8

8 Application of proceeds of sale, mortgage etc.

(1) All moneys to arise from any sale or mortgage made in pursuance of the powers aforesaid shall be expended in the following order so far as the same shall extend, that is to say in payment of—

(a) the reasonable expenses of and attending such sale or mortgage;

(b) the cost of applying for, obtaining, and passing this Act;

(c) the purchase of another site, or other sites, in a more convenient situation;

(d) the cost of the erection of a church on some part of the said land so purchased as aforesaid;

(e) the cost of all necessary fittings and furniture for the said church;

(f) the cost of the erection of a schoolhouse on the land so purchased;

(g) the cost of all necessary fittings and furniture for the said schoolhouse;

(h) the cost of the erection of a dwelling house for the minister duly appointed in accordance with the rules and practice of the Presbyterian Church of Queensland to officiate in the said church;

(i) the cost of all necessary fittings and furniture for the said dwelling house.

(2) If there shall thereafter be any surplus the said trustees shall transfer the same to the said corporation and such surplus shall be applied by the said corporation to such uses and purposes and in such manner for promoting the spiritual and temporal welfare of the said Church as the said Church shall in its discretion think fit to direct in accordance with the rules and practice thereof.