Acts & Ordinances
Lindfield Land Sale Ordinance 2008
No 20, 2008Long Title
An Ordinance to permit the sale of certain land at in Pacific Highway, Lindfield and to provide for the application of the proceeds of sale.Preamble
A. Anglican Church Property Trust Diocese of Sydney (the “Property Trust”) is the registered proprietor of the land contained in folio identifiers 4/SP2109 and 18/SP2109 known as 4/468 Pacific Highway, Lindfield (the “Land”).
B. The Land is church trust property and is held on trust for the purposes of the parish of Lindfield
C. By reason of circumstances which have arisen after the creation of the trusts on which the Land is held, it is expedient that the Land be sold and that the proceeds be applied in the manner set out in this ordinance.
The Standing Committee of the Synod of the Diocese of Sydney Ordains as follows.
This Ordinance is the Lindfield Land Sale Ordinance 2008.
By reason of circumstances which have arisen after the creation of the trusts on which the Land is held, it is expedient that the Land be sold and that the proceeds be applied in the manner set out in clause 4.
3. Power of Sale
The Property Trust is authorised to sell the Land at any time within 3 years after the date of assent to this Ordinance and thereafter only with the consent of the Standing Committee given by resolution whether given before or after that date.
4. Application of the Proceeds of Sale
(1) The proceeds of sale are to be paid to the Property Trust and after payment of the costs of and incidental to this Ordinance and the sale of the Land are to be applied as follows –
(2) Pending application of the sale proceeds, the sale proceeds (or the balance remaining from time to time) are to be invested and the income capitalised.
I Certify that the Ordinance as printed is in accordance with the Ordinance as reported.
I Certify that this Ordinance was passed by the Standing Committee of the Synod of the Diocese of Sydney
I Assent to this Ordinance.
PETER F JENSEN
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