An Act to dissolve the society known as the Sydney Female School of Industry; to vest in the Archbishop of Sydney for the time being the remaining assets of the said Society; to repeal the Sydney Female School of Industry Act 1902 and the Sydney Female School of Industry (Sale) Act 1901; and for purposes connected therewith.
1 Name of Act
This Act may be cited as the Sydney Female School of Industry (Dissolution) Act 1926.
2 Repeal
The Sydney Female School of Industry (Sale) Act 1901 and the Sydney Female School of Industry Act 1902 are hereby repealed.
3 Dissolution
The society known as the Sydney Female School of Industry is hereby dissolved.
4 Vesting of assets
(1) All real and personal property held by or on behalf of the said society is hereby transferred to and vested in the Archbishop of Sydney for the time being for the purposes of this Act as a corporation sole.(2) All liabilities of the society dissolved by this Act, or lawfully incurred on its behalf by any person before the commencement of this Act, may be pursued against the said corporation sole.(3) Any reference in any instrument to the said society shall after the commencement of this Act be construed as a reference to the said corporation sole.
5 Trusts of assets vested
The said corporation sole shall hold the property vested in it by this Act upon trust:(a) to establish and carry on homes for orphans or neglected or necessitous children, or to carry on any such homes as are already established in connection with the Church of England, in such manner as may be from time to time directed by the Church of England committee for homes and hostels for children, of the diocese of Sydney,(b) to make grants or subsidies to other committees of Church of England homes, hostels, or parochial schools within New South Wales subject to such direction as aforesaid and to the approval of the bishop of the diocese in which the home, hostel, or school is situated.
6 Powers
(1) The said corporation sole may take, purchase, hold and enjoy, not only such land as may be immediately required for the purposes set out in the last preceding section but also any other land wheresoever situate, and may take on lease, purchase, hold and enjoy any chattels and personal property.(2) Where any property real or personal or interest therein or charge thereon is vested in or is acquired by the said corporation sole the same shall, unless otherwise disposed of by the said corporation sole, pass to and devolve on and vest in its successors.(3) The said corporation sole may sell, grant, convey, demise, or otherwise dispose of, either absolutely or by way of mortgage, any property held.
7 Vacancy
In the event of a vacancy in the office of the Archbishop of Sydney or in the case of his absence from the State, the powers of the corporation sole may be exercised by the Church of England Property Trust, Diocese of Sydney.