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As to the Expenditure of the Money in building or improving.
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XXI. That the Money so to be raised by Mortgage as aforesaid shall, after Payment of the Costs of the said Commission of Inquiry and Report, be paid, altogether or in Parcels, at the Discretion of the Person or Persons empowered to borrow the same, into the Hands of such Person or Persons as shall be nominated and appointed by him or them, by Writing under his or their Hands; and so much thereof as shall be necessary shall be applied and dealt with in the Manner prescribed in respect of building of Glebe Houses, under Directions of the Ordinary in default of the Ecclesiastical Person directed to build, or as nearly thereto as the Circumstances will admit; and the Balance remaining, if any, shall be applied in part Discharge of the Principal Money secured by the said Mortgage, at the Discretion of the Person or Persons borrowing same.
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