Clergy Widows and Orphans Fund (Sydney Diocese) Trustees Act (NSW)

Act, 1897. Clergy Widows and Orphans Fund (Sydney Diocese) Trustees.

An Act to vest the property, in or upon the security of which the moneys belonging to the Clergy Widows and Orphans Fund are or may be hereafter invested, in the trustees for the time being of such Fund; and for other purposes. [15th October, 1897.]

TILEREAS at a session of Synod of the United Church of Preamble.

England and Ireland for the' Diocese of Sydney, duly convened and held at Sydney, in the month of August, one thousand cight hundred and sixty-seven, it was agreed and determined to form a fund to be called the " Clergy Widows and Orphans Fund" for the purpose of making a provision for the widows and orphans of the clergymen of the said church subscribing to the said fund, and for the widows and children of non-parochial clergymen connected with the said church : And whereas by deed of settlement of the said fund, bearing date the thirticth day of July, one thousand cight hundred and sixty-cight, it was provided that the fund should be under the management of a board of trustees consisting of the Lord Bishop of the Diocese, for the time being, who should be president, and eight others, four of whom should be clergymen and four laymen appointed by the Synod. 'That one clergyman and one layman should retire annually but be capable of re-election: And it was thereby further provided that the trustces should have power to make investments and generally to manage the said fund, and that the trustees should be free from any personal liability as to the investments of the moneys or their administration of the fund: And whereas the Most Reverend the Lord Bishop of Sydney, president, Reverends Canon Robert 'Taylor, James Napoleon Manning, LL.D., Ienry Wallace Mort, M.A., Joshua ILfargrave, Messrs. John Kent, Jolin Russell French, Edward Knox, and Edward ILenry Rogers are the present trustees of the said fund under the provisions of the said deed of settlement: And whereas in consequence of the death, resignation, or retirement of trustecs from time to time, new trustees have to be appointed in the place of those so dying, resigning, or retiring ; and upon every such change in the trustees of the said fund the lands, tenements, hereditaments, securities, and property in or upon the security of which the trustees of the said fund might have invested the moneys belonging to or forming part of the said fund would, inthe absence of any special enactment in relation thereto, have to be transferred from time to time to the person or persons so becoming trustee or trustees of the said fund, as the case may be, whereby the