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¶435 PROPERTY: Real Property

  1. Real Property
    • 1.1.  The management committee (Trustees of the Corporation) shall have the legal authority to act on behalf of the corporation in all matters pertaining to administration and management of the real properties of the corporation.
    • 1.2  The management committee shall have the power to mortgage, lease, sell or otherwise encumber the real property of the corporation, with the consent of the general conference or the board of administration. Where the real property in question is the property of a former local society or property that has been declared surplus, the general policy direction of the board of administration regarding disposal of such property and the use of proceeds shall be considered to be the consent of the board needed for sale or disposal of such property.