Theatres Trust Act 1976

2 Objects of Trust and powers of trustees.E+W+S

(1)The objects of the Trust are to promote the better protection of theatres for the benefit of the nation.

(2)The trustees shall have power exclusively for the furtherance of the above-mentioned objects—

(a)to acquire by purchase, gift or bequest and hold any theatre or any land required for the benefit of any theatre;

(b)to contribute towards the acquisition of any theatre or any such land;

(c)to maintain or assist in the maintenance of any theatre;

(d)subject to the provisions of [F1sections 117 to 121 and 124 of the Charities Act 2011], from time to time to sell, mortgage, charge, let, surrender, exchange or otherwise dispose of any land or any personal estate or property (including moneys secured on mortgage of or charged upon any land) vested in or acquired by the trustees or any part thereof or any easements, rights or privileges to be exercised or enjoyed in, over, upon or under the same or any part thereof, and to do and execute all such acts, deeds, matters and things as may be necessary for affectuating and completing any such sale, mortgage, charge, letting, surrender, exchange or disposition;

(e)to print, publish and sell literature, pictures and photographs and other things relating to the trust property;

(f)to give financial and other assistance to any body whose objects are charitable and similar to those of the Trust and to give such assistance in connection with any function or scheme for a purpose which is both charitable and similar to an object of the Trust;

(g)to co-operate with other persons engaged in activities similar to those of the objects of the Trust and in connection therewith to provide for the interchange of staff;

(h)to accept, receive and retain legacies, gifts, grants, annuities and other benefits and consistently with the objects of the Trust but not otherwise to undertake and perform any services or conditions attached to the receipt thereof;

(i)to raise or borrow money for the purposes of the Trust and secure the same and any interest thereon upon the property of the Trust;

(j)to make appeals, advertise and conduct such other lawful activities of a similar nature as may be necessary to raise funds for the Trust or to make known its existence, purposes or work;

(k)to do all such other things as are incidental to the attainment of the objects of the Trust.

[F2(3)Subsection (2) above shall have effect in relation to Scotland with the substitution for paragraph (d) of the following paragraph—

“(d)from time to time to sell, let, surrender or otherwise dispose of, or apply as security for borrowing, any heritable or moveable property vested in or acquired by the trustees;”]