Section 38Part 5 — Church of God (Universal)
Powers of corporation
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The corporation shall have power to —
acquire, hold, purchase, lease, possess and enjoy any lands and hereditaments whatsoever in fee simple for leasehold, or for any other estate or interest therein, and all property, real, personal or mixed;
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 vested or any part thereof;
borrow or raise or secure the payment of money in such manner as may be thought fit and in particular by the issue of debentures or scrip charged upon all or any of the property (both present and future) held by or vested in the corporation and to redeem and pay off such securities; and
appoint an attorney or attorneys, either generally or for a limited period, for such purposes and with such powers as may be stated in the power of attorney, and to revoke any such appointment.
The assets and income of the Church shall be applied exclusively in the furtherance of the purposes of the Church and no portion of it shall be distributed as profit or dividend directly or indirectly to the controllers, shareholders, owners or members of the Church, unless such distribution is intended for —
the legitimate purpose of compensating a person for services to further the activities of the Church; or
paying for expense incurred on behalf of the Church.