Act No. 22 of 1911
WESLEYAN METHODIST MISSIONARY TRUST ASSOCIATION |
An Act to
enable the Wesleyan Methodist Missionary Trust Association, a company
registered in London under the Imperial Companies Acts 1862 to 1863, to hold
reality and personality in The Bahamas. | 22 of 1911
26 of 1925 |
[Commencement 13th
July, 1911] |
1. This Act
may be cited as the Wesleyan Methodist Missionary Trust Association Act. | Short title. |
2. It shall
be lawful for the Wesleyan Methodist Trust Association to acquire and hold real
and personal property in The Bahamas in its corporate name and such real and
personal property to deal with, transfer, mortgage, and dispose of as it may
seem fit: | Wesleyan Methodist
Missionary Trust Association enabled to hold property. |
Provided that the
prvileges and powers granted and conferred by this Act shall not be enjoyed or
exercised unless and until the Wesleyan Methodist Missionary Trust Association, |
(a) has
deposited, or caused to be deposited, for record in the Office of the Registrar
of Records of The Bahamas a duly certified and authenticated copy of its
Memorandum of Association and also a duly certified and authenticated copy of
its Articles of Association and has paid the recording fees thereon; and |
(b) has caused
a notice to be inserted in the Gazette to the effect that such certified
and authenticated copies have been deposited as required by this Act. |
3. It shall
be lawful for the Registrar of Records to record the copy of the Memorandum of
Association and of the Articles of Association of the Wesleyan Methodist
Missionary Trust Association deposited in his office in accordance with the
requirements aforesaid, as other documents are now recorded by law, upon the
same being lodged for such purpose. | Memorandum and Articles of
Association to be recorded. |
4. All real
and personal property in The Bahamas now held in trust or possession for or on
behalf of the Wesleyan Methodist Missionary Society of London or of the
Wesleyan Methodist Conference in England by any person, is hereby vested in the
Wesleyan Methodist Missionary Trust Association, excepting such as is vested in
a legally constituted body of Trustees. | Property now held in trust
to be vested in the Wesleyan Missionary Trust Association. |