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The Pamphlet Collection of Sir Robert Stout: Volume 60

Trustees

Trustees.

84. Sec. 1—There shall be not less than three Trustees, who

Duties of Trustees.

shall hold, on behalf of the Court, all deeds, documents, or other securities belonging thereto, and shall keep the same in a box, to be left in charge of the bank where the Court account is kept. The key of which box shall be kept by the Senior Trustee, and all documents shall be placed therein within one week of their coming into the possession of the Trustee, who shall produce or show to the Auditors, or to any person appointed by the Court to inspect the same, such deeds, documents, or other securities when called upon to do so. The Trustees shall, on or before the first Court night in January and July of each year, and at any other time a majority of the members at a summoned meeting may decide, send to the Court a complete statement of all moneys invested, the rate and amount of interest due, and amount of interest received by them during the half-year.
Sec. 2—All moneys not wanted for immediate use shall be

Statement of monies invested.

invested in the names of the Trustees, as Trustees of the Court, in any of the following ways, as provided by the 'Friendly Societies' Act,' namely:—In the Post Office Savings Bank or in any Savings Bank constituted under 'The Savings Banks Act, 1858,' or in any other Bank or Banks in the colony as the Governor may from time to time appoint; in any Debentures, Bonds, or Treasury Bills issued by or on behalf of the General Government of the colony under the authority of any Act of the General Assembly.