s 5 Property described in Schedule vested in Corporation
5.—(1) The persons or their executors or administrators and the Financial Board of the Methodist Episcopal Church in the Straits Settlements, mentioned in the third column of the Schedule, in whom are vested the respective estates and interests mentioned in the second column of the Schedule in the lands, hereditaments and premises specified in the first column of the Schedule are hereby divested of such estates and interests. (2) Such estates and interests and all other estates and interests of such persons and body in the said lands, hereditaments and premises are hereby vested in the Corporation as sole trustee for the Malaysia Mission of the Methodist Episcopal Church subject to the mortgages mentioned in the second column of the Schedule, but with full powers as such trustee to deal with the said property as provided in section 2.