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(1) It shall be lawful for the Conference, by resolution passed and confirmed in such manner as may, for the time being, be required for the alteration of the Deed of Church Order, to settle and adopt a form of model trusts (being the Model Trusts) capable of application to any lands held or to be held in connection with the Church or any of its local or ancillary bodies for the purposes of a church, chapel, vestry, minister's or other dwelling-house, day or Sunday school, schoolroom, lecture hall, mission hall or other building or burial ground.

(2) It shall be lawful for the Conference by resolution passed and confirmed as aforesaid, from time to time, to revoke, alter or add to any of the provisions of the Model Trusts other than any such provisions embodying the doctrinal standards of the Church.

(3) The agents, or other owner or owners, for the time being of any lands such as are referred to in subsection (1) may at any time by declaration under seal and forthwith transmitted to the Secretary of the Conference adopt the Model Trusts in relation to such lands and such lands shall thenceforth be held upon the trusts and subject to the powers and provisions set out in the Modal Trusts.

(4) If such a declaration relates only to part of the lands held by the agents on behalf of the Corporation or other such owner or owners subsection (3) shall apply to such part.

(5) If such lands are held jointly by more owners than one then such a declaration shall be valid and effective if executed by a majority of such owners.

(6) Upon any revocation or alteration of or addition to the Model Trusts any lands then already held upon the Trusts thereof shall thenceforth be held upon such trusts as amended by such revocation, alteration or addition and thereafter any reference to the Model Trusts in this Act or in any document whenever executed shall be construed and take effect as a reference to the Model Trusts as varied by such revocation, alteration or addition.