It shall be lawful for the said Representative Church Body to invest all monies vested in them for that purpose in the absolute purchase, or in procuring leases or fee–farm grants subject to annual or other rents, and with or without fines, of lands for the erection thereon of churches, or of glebes for the use of the clergymen of said church, or for schools or other buildings in connection with said church buildings, or for other church purposes, the lands so to be purchased not to exceed thirty acres for each glebe, or to permit such clergymen and congregations to occupy and use the same at such rent and upon such terms and conditions as the Representative Church Body shall think fit; and the Representative Church Body may execute all such deeds, grants, leases or other documents as may be necessary for the purpose aforesaid.
It shall be lawful for the trustees of any college, church building, schoolhouse, glebe or other real property, whether freehold or chattel, or any personal property held in trust for the said church or any congregation in connexion therewith, or any person or persons in whom the same may be vested, if they or he respectively shall think fit, to grant, assign, or otherwise vest in the said Representative Church Body, with their concurrence, such college, church building, schoolhouse, glebe or other real property, whether freehold or chattel, or any personal property, to be held by the said Representative Church Body upon such trust and subject to such rights as at the time of such grant, assignment, or vesting affected the same respectively, and the former trustees shall be thereupon released from the trusts thereof respectively.
It shall be lawful for any person whomsoever, entitled so to do, to give, grant, devise, bequeath, or assure, by any deed, will, or other instrument sufficient in law to create or convey an estate therein, any messuages, lands, hereditaments, or any estate therein, to the said Representative Church Body for any college, or for any church, glebe, building, or schoolhouse in connexion with any congregation or church: Provided always, that under the provisions aforesaid or otherwise not more than thirty acres shall be held in trust for any congregation, nor more than one hundred acres in trust for any college; Provided always, nevertheless, that any such gift, grant, bequest, or assurance of lands in excess of the acreage hereby authorised to be held as aforesaid shall be void as to the excess only.
The said Representative Church Body may from time to time sell, lease, exchange or otherwise dispose of, on such terms and in such manner as they think fit, or mortgage, any lands vested in them, and not being otherwise required for purposes of the said church or any of the colleges or congregations connected therewith, and may enter into, execute, and do all contracts, assurances and things necessary or proper in that behalf; and every such sale or lease as aforesaid may be made either absolutely for a sum in money, or for any annual rent or rents, to be made payable as the said Representative Church Body direct, or partly for a sum of money and partly for such rent or rents as aforesaid, as the said Representative Church Body think fit, and the said Representative Church Body may afterwards sell any rent so to be made payable.
The term “glebe” in this Act shall mean and include any house, with the piece or parcel of land attached thereto, occupied or to be occupied by any ecclesiastical person while having spiritual charge of any parish or district to which such house and land shall have heretofore belonged, or for which it shall be or shall have been granted or purchased or required as a residence for such ecclesiastical person whilst having such spiritual charge; and the term “ecclesiastical person” shall mean and include any archbishop, bishop, and clergyman of the said church.