Part I Investments
5 Enlargement of powers of investment.
(1)
A trustee having power to invest in real securities may invest and shall be deemed always to have had power to invest—
(a)
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(b)
on any charge, or upon mortgage of any charge, made under the M1Improvement of Land Act, 1864.
(2)
A trustee having power to invest in real securities may accept the security in the form of a charge by way of legal mortgage, and may, in exercise of the statutory power, convert an existing mortgage into a charge by way of legal mortgage.
(3)
A trustee having power to invest in the mortgages or bonds of any railway company or of any other description of company may invest in the debenture stock of a railway company or such other company as aforesaid.
(4)—(6)
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