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Stock of charitable Institutions exempted.
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LXXIV. Provided also, and be it further enacted, That nothing herein contained shall be construed to extend to charge any Corporation, Fraternity, or Society, of Persons established, for charitable Purposes only; nor to charge, the Profits arising from any such Annuities, Dividends, or Shares, which, according to the Rules or Regulations established by Act of Parliament, Charter, Decree, Deed, of Trust, or Will, shall be applicable by the said Corporations, Fraternities, or Societies, or by any Trustee or Trustees, to charitable Purposes only, and in so far as the same shall be applied to charitable Purposes only; provided the Application thereof to such Purposes shall be duly proved before the Commissioners for special Purposes to be appointed under this Act, by any Agent or Factor, on the Behalf of any such Corporation, Fraternity, or Society, or Trustee, or Trustees, or by any of the Members or Trustees.
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