The Bishop, together with Alfred Charles Barker, William Guise Brittan, William Donald, James Edward Fitz Gerald, William John Warburton Hamilton, John Hall, Charles Edward Prichard, Charles Simeon, Henry John Tancred, Sir Thomas Tancred Baronet, Conway Lucas Rose, Belfield Woolcombe and all such other persons as shall be hereafter elected or appointed Trustees under the provisions of this Ordinance and their successors shall be and they are hereby constituted a body politic and corporate by the name of the “Church Property Trustees”
and by that name they shall have perpetual succession, and a common seal with full power and authority to alter, vary, break and renew the same at their discretion and by the same name and style to sue and be sued, plead and be impleaded, answer and be answered, defend and be defended in all courts of law and equity whatsoever and to be forever capable in the law to purchase, receive, possess and enjoy to them and their successors any goods and chattels whatsoever and wheresoever and any messuages, lands, tenements and hereditaments in the Province of Canterbury and also to lease, let, sell, alienate, mortgage, charge or otherwise dispose of such property as well real as personal as they shall think proper and also to act in the concerns of the said body politic and corporate as effectually as any person or persons might or could do in his or their respective concerns for the purpose and object of establishing and maintaining ecclesiastical and educational institutions within the Province of Canterbury in connection with the Church. And the said Alfred Charles Barker, William Guise Brittan, William Donald, James Edward Fitz Gerald, William John Warburton Hamilton, John Hall, Charles Edward Prichard, Charles Simeon, Henry John Tancred, Sir Thomas Tancred Baronet, Conway Lucas Rose, and Belfield Woolcombe shall hold office until the election of the first Trustees under the provisions of this Ordinance from and after which time they shall cease to be Trustees but shall notwithstanding be eligible to be elected or nominated as Trustees under the provisions hereinafter contained: Provided always, that if any Trustee shall become bankrupt or insolvent or shall become insane or shall be convicted of any infamous offence or shall leave and cease to reside in the said Province of Canterbury he shall cease to be a Trustee for the purposes of this Ordinance. No Trustee acting in any matter under the provision of this Ordinance shall be answerable for any other than his own acts, deeds, receipts or defaults. Any Trustee herein named, and any Trustee elected or nominated under the provisions of this Ordinance may by writing addressed to the Bishop and left at the office or place of business of the Trustees or some place appointed for this purpose resign his office of Trustee and shall thereupon cease to be a Trustee.