Section 22Part 3 — Anglican Church of the Cayman Islands
Powers of corporation
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The corporation has power for the benefit and purposes of the Church or for any special purpose or purposes of or connected with the work of the Church in the Islands any lands, hereditaments, goods, chattels and effects or real or personal property, or any estate or interest therein to —
acquire by purchase, transfer, donation, exchange, devise, bequest, grant, gift, conveyance or otherwise;
give, grant, let, charge, improve, manage, develop, exchange, lease, mortgage, sell, convey, assign, dispose of, turn to account or otherwise deal with all or any of the property, both present and future, so held or any part thereof;
receive money on loan and borrow, raise or secure money in such manner as the corporation shall think fit and in particular by the issue of bonds, debentures or debenture stocks (perpetual or otherwise) and to secure the repayment of any money borrowed, raised, secured or owing by mortgage, charge or lien upon all or any of the property or assets of the corporation;
draw, make, accept, indorse, discount, excuse and issue promissory notes, bills of exchange, debentures, bonds and other negotiable or transferable instruments; and
do all other things as the Council may, from time to time, declare and publish in two issues of the Gazette or as may be deemed incidental or conducive to the attainment of the above objects or any of them.
The objects specified in this Part and in each paragraph of subsection (1) shall be regarded as independent objects.