Victorian Current Acts Victorian Current Acts(1) Notwithstanding anything in the Land Acts or in the Crown grant of the land concerned the hereinbefore recited corporation may mortgage charge sell transfer convey lease exchange or dispose of the whole of any part of the land described in the Schedule to the Principal Act freed and discharged from all trusts limitations and reservations affecting such land, but shall not exercise any such power without the consent of the Governor in Council thereunto having been first obtained.
(2) Subject to the exercise of any such power and to the provisions of the last preceding sub-section the said land while held by the corporation shall be used for the purpose for which it was granted by the Crown.
(3) The proceeds of any such disposition shall be applied exclusively for the purposes of an affiliated college in connexion with the University of Melbourne or for other educational purposes of a kindred nature.
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