16.—(1) The Trustees shall have power to purchase or take on lease land or property (including buildings) within the limits as defined in section 18(1) of the 1912 Act or within other parts of the village of Tarbert or surrounding district, for the purposes of carrying out the Trustees functions as harbour Trustees, and that at such prices, upon such terms and conditions and, in the case of leases, for such periods as shall to the Trustees seem proper.
(2) The Trustees may sell land or property, (including buildings) provided such land, property, (including buildings) is not in the opinion of the Trustees required for the proper exercise of the Trustees functions as harbour Trustees or for a purpose which in the opinion of the Trustees, will benefit the village of Tarbert and the residents thereof, and that at such prices and upon such terms and conditions as shall to the Trustees seem proper. Any such transaction shall be the subject of a unanimous vote of Trustees and thereafter the proposal and the Trustees reasons therefor must be submitted to the consultation group who, on achieving a two thirds support of its membership, may recommend to the Trustees that they proceed. The Trustees will not unreasonably set aside any recommendation made.
(3) The Trustees may grant leases over parts of the land or property, (including buildings) which form part of the harbour undertaking from time to time and that for such purposes, to such parties at such rents for such terms and upon such conditions as shall to the Trustees seem proper.