This Act may be cited as the Costley Training Institution Act Amendment Act, 1907, and shall be read together with and deemed to form part of the Costley Training Institution Act, 1885 (hereinafter referred to as the said Act).

Notwithstanding anything in the said Act contained, the number of Trustees under the said Act may be increased to five by the appointment of two additional Trustees.

Such additional Trustees shall be appointed by the Governor, and the said Act shall be read and construed in all respects as if the number of Trustees originally appointed thereunder had been five instead of three.

The Trustees under the said Act shall be a body corporate (hereinafter referred to as the Board) under the name of the Costley Training Institution Trust Board, and by that name shall have perpetual succession and a common seal, and may hold and dispose of real and personal property of whatever kind, sue and be sued, and do and suffer all that bodies corporate may do and suffer.

All property, whether real or personal, held by the Trustees shall immediately upon the passing of this Act be deemed to be vested in the Board upon and subject to the same trusts, powers contracts, and equities as shall then affect the same.

Deeds may be made by the Board under its common seal, attested by the Trustees or any three of the Trustees for the time being constituting the Board, and all contracts may be made on behalf of the Board by the Trustees or by their authority in the same manner as if the Board were not a corporate body.

All powers vested in the Trustees by the said Act shall be vested in the Board, and all the powers of the Board or of the Trustees may be exercised by the Trustees or by a majority of them, or in such other manner as the Trustees or a majority of them shall from time to time determine.

All debts and liabilities incurred by the Trustees before the passing of this Act in the exercise of their powers under the said Act shall on the passing of this Act become the debts and liabilities of the Board.

All contracts made by the Trustees before the passing of this Act in the exercise of their powers under the said Act shall on the passing of this Act be deemed to have been made by the Board.

All acts done by any person acting bona fide as a Trustee shall be valid notwithstanding any defect chat may afterwards be found in his appointment, and the signature of any person purporting to act as such Trustee shall be prima facie evidence of his being such Trustee.

Subject to the provisions of the said Act and of this Act, the Board may make rules for the conduct of its own business.

The acts of the Board or of the Trustees shall not be invalidated by the fact that the number of the Trustees is at any time incomplete.

Section eleven of the said Act is hereby amended by omitting the words “shall be audited in each year by such person as the Trustees shall appoint,” and substituting therefor the words “shall be audited in each year by the Audit Office.”

Section twelve of the said Act is hereby amended by omitting the word “Auditor,” and substituting therefor the words “Audit Office.”