6Dissolution and transfer of property of Joint War Committee.

Upon the nomination of the first members of the Society and the appointment of the Managing Body--
(a) the Committee shall be dissolved;
(b) all property, moveable or immoveable, of or belonging to the Committee shall vest in the Society and shall be applied by the Managing Body to the objects and purposes hereinafter set out; and
(c) all the debts and liabilities of the Committee shall be transferred to the Society, and shall thereafter be discharged and satisfied by it out of the aforesaid property, and each and every member of the Committee shall be wholly discharged therefrom.