Start Date
19681002
Contracts
606
-
constitutionRevision history
- Confirmed ACG 1968 River Forest n.
All important contracts to do with economic matters should be made in writing in accordance with the norms established in the province’s administrative statute.
607
-
constitutionRevision history
- Confirmed ACG 1968 River Forest n.
- It is not permitted to contract debts and financial obligations unless it is established with certainty that inter est on the debt can be paid from regular income, and that the principal can be liquidated within a reasonable period of time
- When asking permission to contract debts or obligations, all other debts and obligations with which the contracting party is burdened to that date must be declared, without exception; otherwise the permission obtained is invalid.
- Contracts concerning incurring debts or obligations must be submitted for examination by the economic council.
608
-
ordinationRevision history
- Confirmed ACG 1968 River Forest n.
- In order to alienate valuable immovable or movable property the province’s economic council must decide whether there is sufficient reason for this, must make a written evaluation of the matter and indicate what is a fair price, having consulted lay experts as well, if that be necessary.
- In general, contracts to rent cannot be made without consulting the economic council beforehand. Furthermore, a superior cannot make a rental contract without the consent of his council.
609
-
ordinationRevision history
- Confirmed ACG 1968 River Forest n.
- Contracts to alienate, to rent and, indeed, for an agreed annual payment, contracts for debts and obligations to be incurred, are subject to the rules on the limitation of expenses
contained in nn. 590 and 592. - For such contracts, the prior provincial with his council may give consent up to the sum assigned by the Holy See for each region (see CCL, 638, § 3). Otherwise, recourse to the Master of the Order is required.