Limitation of treasurer powers: restricts property dealings to statutory directions and sanctioned investment or transfer. The Treasurer of Charitable Endowments is a sole trustee who may hold or transfer property only under the Act or by obedience to a divesting decree or a direction from the authority that vested the property; such directions may require sale or disposal and, with sanction, investment of proceeds in specified securities or immovable property, and if divested by the appropriate Government the property vests in the administrators and remains subject to the same trusts.