(1) Where for any reason the appointment of a new trustee or new trustees of any charity appears to the Board to be necessary, the Board -
(a) on the application of the trustee or trustees of the charity, or
(b) if there are no trustees of the charity, or they cannot be found, on the application of any person having an interest, or
(c) in any case, of their own motion,
may make -
(i) an order under the seal of the Board appointing a new trustee or new trustees of the charity either in substitution for or in addition to any existing trustee or trustees, or although there is no existing trustee, and
(ii) an order under the seal of the Board which shall operate to vest, but subject where necessary to transfer in the books of any bank, corporation or company, the property of the charity in the persons who on the appointment are the trustees, and in so far as the property is comprised of land it shall be so vested for such estate as the Board may direct, and the order shall have the same ef
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