All lands tenements
and hereditaments real and personal and all personal chattels and effects
which now are vested in or held by any persons or person whomsoever in trust
for or for the benefit of the club or the members thereof shall immediately
upon the passing of this Act become and be vested in and be held by the
chairman and his successors in such office in trust for the club and in the
like manner as if such chairman and his respective successors in such office
were in law a corporation sole and as if the personalty were real estate and
all lands tenements and hereditaments real and personal and all personal
chattels and effects which may hereafter be contracted for or be acquired by
or belong to the club or the members thereof collectively may be conveyed
assigned and assured to and shall therefrom become vested in the chairman and
his successors in such office in trust for the club and in the like manner as
if such chairman and his respective successors in such office were in law a
corporation sole and as if the personalty were real estate.