(1) The Club may
become incorporated as an association under the
Associations Incorporation Act 1987 .
(2) If the Club
becomes incorporated as an association, nothing in the
Kalgoorlie and Boulder Racing Clubs Act 1904 or the Kalgoorlie and
Boulder Racing Clubs Act Amendment Act 1953 prevents the real and
personal property that is vested in and held by the chairman under those Acts
from vesting in the incorporated Club under the Associations Incorporation
Act 1987 section 11.