N.Y. Religious Corporations Law § 332: Conveyance of property

§ 332. Conveyance of property. The trustees of an incorporated United

Methodist church may sell, mortgage, lease or convey church property by

following the provisions of section twelve of article two of this

chapter except that in no case shall trustees mortgage or encumber real

estate on which a church or parsonage is located for the current expense

of a charge, nor shall the principal of the proceeds of the sale of such

property be so used.