(Amended by Acts 1939, c.51, s.1.)
SEC. 3. That section 3 of the above entitled act be amended to read as follows: Sec. 3. It shall be lawful for said corporation, by and in its corporate name, to sue and be sued, plead and be impleaded in any court of this state, or of the United States, and by said name to have perpetual succession, and in said name purchase, hold, bargain and sell any property, real or personal, for the use of said church, whether by legal or equitable title. It shall be lawful for the trustees to fill vacancies on its board or among the officers which may in any way occur for the unexpired term of the trustee or officer whose office is vacated; to hold meetings at such places and at such times as may suit their convenience or as the business of the church may require; to sit in adjournment or on the call of a proper officer of one of their body, as may be provided by the by-laws of their corporation; to elect a president, vice-president, secretary and treasurer, who shall each hold office until his successor is elected and qualified, and who shall manage the affairs of the corporation under the trustees; to appoint such other officers or employes as may be deemed necessary by the trustees; to receive and accept all and singular any subscription, gifts, grants, donations or bequests designed for the benefit of said church, which shall be held and solely applied to the uses and benefit of said church in such manner as the trustees shall deem judicious and expedient; to make loans on behalf of said church, mortgage its property to secure the same; to make loans and to sign notes therefor when deemed necessary for the welfare of the church; to establish such rules or by-laws for their government as said trustees or a majority of them may deem proper: Provided, That such by-laws shall not be incompatible with the constitution and laws of this state.
SEC. 4. That section 4 of the above entitled act be amended to read as follows: Sec. 4. The board of trustees of said corporation shall, by suitable by-law provide that the treasurer of said board shall execute a personal or surety bond in such an amount and with such surety as said board shall approve, for the proper accounting and payment of all funds that may be received by him as such treasurer.
SEC. 5. That section 5 of the above entitled act be amended to read as follows: Sec. 5. All property now held by or under the order of the
trustees of the First Presbyterian church of Fort Wayne, either by legal
or equitable title, or intended for the use and benefit of said church,
whether acquired by purchase, subscription, gift, bequest or donation,
is hereby vested in the First Presbyterian church of Fort Wayne, as fully
as if said property had been acquired under the provisions of this act.