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Trustees empowered to lay out Monies in the Purchase of a Site.
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II. It shall be lawful for the said Trustees or other the Trustees for the Time being of the said Building to take and hold, by Purchase, Lease, or otherwise, Ground in Dublin proper for the Site of the said Building, upon such Terms as they may deem advisable, and to lay out the Monies received by them in the Erection of the said Building, but with such Approbation nevertheless and subject to such Agreement as herein-after mentioned.
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