Section 3: Securities in which trustee may invest.

(1) Without prejudice to the enabling provisions of any other law, a trustee may, under the powers of this Act, invest in any of the securities specified or referred to in section 2 of this Act.
(2) The power conferred by subsection (1) of this section shall be exercised according to the discretion of the trustee, but subject to any consent or direction required by the instrument, if any, creating the trust or by law with respect to the investment of the trust funds.