Act No. 40 of 1948
THE BAHAMAS MISSION OF SEVENTH-DAY ADVENTISTS INCORPORATION |
An Act to
incorporate the president of The Bahamas Mission of Seventh-Day Adventists. | 40 of 1948 |
[Assent 17th August,
1948]
[Commencement 12th November, 1948] |
1. This Act
may be cited as the Bahamas Mission of Seventh-day Adventists Incorporation Act. | Short title. |
2. The
President of the Bahamas Mission of Seventh-day Adventists for the time being
shall be deemed a corporation sole and shall be known and described as "President
of the Bahamas Mission of Seventh-day Adventists". | President of Mission to be
a corporation sole. |
3. (1) The
President of the Bahamas Mission of Seventh-day Adventists shall have full
power to acquire by purchase, transfer, donation, exchange, devise, bequest, grant,
gift, conveyance or otherwise any real or personal property or any estate or
interest therein. | Power of President to
acquire property. |
(2) All real or
personal property acquired under subsection (1) of this section shall be held
for the use and benefit of the Bahamas Mission of Seventh-day Adventists. |
4. The
President of the Bahamas Mission of Seventh-day Adventists shall, subject to
any restraint, reservation or condition contained in the document under which
he shall have acquired title thereto be entitled to sell, mortgage, lease and
otherwise dispose of and deal with all property which may for the time being be
vested in or have been acquired by him under any of the provisions of the Act. | President entitled to deal
with property. |
5. No
change of the person holding the office of President of the Bahamas Mission of
Seventh-day Adventists shall affect any real or personal property of any estate
or interest therein vested in the President of the Bahamas Mission of Seventh-day
Adventists but such property and estate and interest therein shall vest in the
succeeding President of the Bahamas Mission of Seventh-day Adventists in the
same way and to the same extent that they vested in the former President of the
Bahamas Mission of Seventh-day Adventists. | Change of person holding
office of President not to affect property and interest. |
6. The
President of the Bahamas Mission of Seventh-day Adventists shall have power to
appoint an Attorney for such time and purposes and with such powers as may be
stated in the Power of Attorney. | Power of President to
appoint an Attorney. |
7. The
Reverend Harold Duane Colburn shall be deemed to be the present President of
the Bahamas Mission of Seventh-day Adventists. | Present President. |
8. All
property in The Bahamas real or personal of what nature or kind soever which is
now vested or held in any manner in trust for or for the use and benefit of the
Bahamas Mission of Seventh-day Adventists shall vest in and be held by the
President of the Bahamas Mission of Seventh-day Adventists. | Vesting of property at
present held in trust for the mission. |
9. Nothing
in this Act shall prejudice or affect the rights of His Majesty the King, His
Heirs and successors or of any other person or persons except such are
mentioned in this Act and those claiming by, from, through or under them. | Rights of the King and
others reserved. |