Upon the appointment of any new trustee or trustees under the power in that behalf contained in the Scots' Church trust deed all the lands and hereditaments for the time being subject to the trusts of the said deed shall forthwith and without any conveyance or transfer vest in such new trustee or trustees either solely or jointly with the surviving or continuing trustees or trustee (as the case may be) for all the estate and interest of the previous trustees or trustee therein upon the trusts and with and subject to the powers authorities provisoes declarations and restrictions contained in the said deed or to such of them as shall be subsisting or capable of taking effect and such trustees or trustee shall be entitled to be registered at the office of titles as proprietors or proprietor of such lands and hereditaments under the provisions of the Transfer of Land Act 1958 without any formal transfer and to have any necessary recordings made on the relevant folio of the Register subject nevertheless to any subsisting mortgages charges leases easements and encumbrances affecting such lands and hereditaments or any part or parts thereof.