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IRISH PRESBYTERIAN CHURCH ACT 1871 - SECT 9

Trust moneys to be held for permanent endowment of ministers for the time being of Presbyterian Church.

9. ... the said commutation fund, and the stocks, funds, and securities in
which the same shall be invested, shall ... be held by the trustees upon such
trusts by way of permanent endowment for the benefit of the ministers for the
time being of congregations of the Presbyterian Church in Ireland in connexion
with and under the jurisdiction of the said general assembly as the said
assembly shall direct: Provided always, nevertheless, that the interest,
dividends, and annual income only of the said fund shall be applied for the
benefit of such ministers, and that such preference as the general assembly
may in its absolute and uncontrolled discretion think right shall be given to
the claims of congregations whose ministers shall have so commuted as
aforesaid.

© 1871 Crown Copyright

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