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GUN BARREL PROOF ACT 1868 - SECT 93

Fund for Restoration of Birmingham Proof House and Branch Proof Houses.

93. The Guardians may from time to time provide such a fund, to be called "The
Reserve Fund," as in their opinion will be sufficient to rebuild or restore
the Birmingham Proof House, and every Branch Proof House of the Guardians, and
the works and conveniences thereof respectively, in the event of the same
being destroyed or damaged by fire, explosion, or other casualty, and to make
good all damage which the Guardians may be liable to compensate by reason of
such casualty, and may from time to time invest that fund in some of the
public funds or in government securities, or on mortgage of freehold
securities, or of any city, borough, or other municipal rates or funds, in the
name of the Guardians of the Birmingham Proof House, and until so invested may
deposit the same in any bank, and, when necessary, convert the same or a part
thereof into money, and apply the proceeds thereof for the purposes mentioned
in this provision: provided always, that the investments and monies at the
commencement of this Act representing the Repair Fund under the recited Act
shall be deemed part of the Reserve Fund under this Act.


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© 1868 Crown Copyright

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