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¶518 MOVABLE AND IMMOVABLE PROPERTY

¶518 MOVABLE AND IMMOVABLE PROPERTY

  1. All movable and immovable property of the mission district is owned and managed by the Trust known as the Free Methodist Church. The trustees of the Trust are the following members of the board of administration: chair, vice chair, secretary, treasurer.  The presiding bishop is also a trustee.
  2. The Trust shall have the legal authority to act on behalf of the mission district in all matters pertaining to administration and management of the properties (movable and immovable) and the bank accounts of the mission district.
  3. By a majority vote of its members, the trustees of the Trust (with the knowledge of the presiding bishop) have the authority:
    • 3.1.  To approve, remove and replace signatories for its bank account.
    • 3.2.  To take action (with or without notice according to the circumstances) to retrieve the Trust’s movable property.
    • 3.3.  To approve who may occupy the properties of the Trust and to evict those previously approved to occupy its properties and to remove the movable property of an occupant(s) from the Trust’s immovable property.
  1. The Trust shall have the power to mortgage, lease, sell or otherwise encumber the real property of the mission district. Financial actions by the board of administration in excess of XXXX shall require the consent of the mission district.
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