Section 3, The Fourah Bay College Short title and (Transfer of Rights, Property and Liabilities) Ordinance

(I) As from the date of commencement of this Ordinance Dissolutionthe College. shal.l be by vi.rtu~ of this Or~inance .dissolved and ~a~o~~~~ge cease to exist without preJUdice to anythmg previOusly done or and transfer suffered. All property real and personal of every description of property. and all rights and privileges of the College which immediately before the commencement of this Ordinance belonged to, or were vested in, or exercisable by the College shall be by virtue of this Ordinance without any conveyance, transfer or other instrument transferred to, vested in and exercisable by the * P.N. 3I of 1960. S.L.-VoL. II-38* Transfer of liabilities. Saving for agreements, deeds, actions, etc. Saving for existing staff of College. Cap. 106] Fourah Bay College (Transfer of Rights, Property and Liabilities) University College for all the estate and interest owned by the College and shall be applied to objects and purposes for which the University College is incorporated. (2) Any property which by deed, will or other instrument is allocated to any specific foundation or object of the College shall, after the said transfer, be held on trust for and applied by the University College as far as possible to the same specific foundation or object of the University College as that for which such property was held in trust for and applied by the College previously to the transfer. (3) Subject to the provisions of sub-section (2) of this section, any property held by the College upon or subject to any trust or trusts (not being a trust or trusts relating to the object and purposes for which the University College is incorporated) shall be held by the University College upon or subject to the trust or trusts upon or subject to which such property was held by the College previously to the transfer.