8. Debts due by and payable to the Society,

All debts and liabilities of the Society existing at the time of the coming into operation of this Act shall be paid by the Corporation ‘hereby constituted, and all debts due to and subscriptions and contributions payable to the

Society shall be paid to the Corporation for the purposes of this Act.

Corporation may hold property movabie and immovable.

§. The Corporation shall be able and capable in law to take and hold any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise, and all such property shall be held by the Corporation for the purposes of this Act and subject to the rules in force for the time being of the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.