1. Property of the Church is held in trust for the use of the ministry and membership of the Basilikos Nomos Institute at ,Publicly Redacted, subject to the doctrines, laws, usages, and ministerial appointments of the Governing Board and/or Voting Members as from time to time established, made and declared by the lawful authorities of the said Church, and if the said property shall be sold or encumbered, the proceeds of the sale or the encumbrance shall be applied for the use of the aforesaid, subject, however, to the provisions of the law of the Church relating to abandoned Church properties and of that forbidding mortgaging of real estate for current expenses.
  2. In trust, the parsonages, if there has been purchased a parsonage, of Basilikos Nomos Institute shall be kept, maintained, and disposed of as a place of domicile for the use and occupancy of the Pastors of the Basilikos Nomos Institute who are from time to time duly appointed in said place in accord with the rules and usages of said Church, and\or as a place for ministry activities, and if sold, the proceeds to be used in accord with the rules of said Church.