Upon the passing of any resolution of the Grand Executive of the Loyal Orange Institution as provided by section 3, notice thereof shall be given by or on behalf of the Grand Executive within a period of 28 days thereafter to all persons by whom the property affected by the resolution has theretofore been held, and upon the expiration of 90 clear days after service of notice as aforesaid the said property shall without any transfer, conveyance, or assignment vest in the Loyal Orange Institution:
provided that if, by notice in writing given to the Grand Secretary of the Loyal Orange Institution or left at his office before the expiration of the said period of 90 days, the person or any of the persons by whom the property has theretofore been held as aforesaid shall apply to have the vesting resolution rescinded, varied, or modified the following provisions shall apply:
(a) every such application shall be considered at the first meeting of the Grand Lodge of the Loyal Orange Institution to be held after the expiration of 30 clear days from the making of the application, and notice of that meeting shall be given to the applicant or applicants at least 7 clear days before the meeting:
(d) the vesting resolution shall have no effect until the Grand Lodge of the Loyal Orange Institution passes a resolution thereon at that meeting and then only according and subject to the terms of that resolution of the Grand Lodge of the Loyal Orange Institution, and a written copy of that resolution of the Grand Lodge of the Loyal Orange Institution shall forthwith be served on the applicant or applicants:
provided further that any person or persons by whom the property has theretofore been held as aforesaid who may be aggrieved by any resolution of the Grand Lodge of the Loyal Orange Institution passed as provided by this section may within 90 days after the service of a copy of any such resolution on the applicant or applicants appeal to the court against the decision of the Loyal Orange Institution contained in that resolution. The court shall after satisfying itself that the resolution of the Grand Executive was authorized by section 3 and after consideration of all other relevant circumstances make such order as in the circumstances it considers just and equitable.