1080. Powers of Secretary of State or the Welsh Ministers to accept endowments.

Where any instrument coming into operation after 31 July 19531 contains a provision purporting to be a gift2 of property3 to the Secretary of State or, in relation to Wales, the Welsh Ministers4 upon trust to use the income of it, either for a limited time or in perpetuity, for or towards the upkeep of:

  1.  

    (1)     a building acquired or accepted by the Secretary of State or the Welsh Ministers under their statutory powers5 or a building which the Secretary of State or the Welsh Ministers propose so to acquire or accept6; or

  2.  

    (2)     a building which at the