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LITERARY AND SCIENTIFIC INSTITUTIONS ACT 1854 - SECT 19

Trustees to be indemnified from charges.

19. The trustees of such institution who by reason of their being the legal
owner of the building or premises shall become liable to the payment of any
rate, tax, charge, costs, or expenses, shall be indemnified and kept harmless
by the governing body thereof from the same, and in default of such indemnity
shall be entitled to hold the said building or premises and other property
vested in them as a security for their reimbursement and indemnification, and,
if necessity shall arise, may mortgage or sell the same, or part thereof, free
from the trusts of the institution, and apply the amount obtained by such
mortgage or sale to their reimbursement, and the balance (if any) to the
benefit of the institution...


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© 1854 Crown Copyright

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