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Receipts by treasurer, &c. a discharge.
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22. The receipt in writing of the treasurer or treasurers, or of any of the trustees authorized in that behalf by byelaw, for any moneys paid, and for any stocks, funds, shares, or securities transferred to them by virtue of this Act, or in execution of any of the trusts or powers thereof, shall effectually discharge the person or persons paying or transferring the same therefrom, and from being bound to see to the application or being answerable for the loss or misapplication thereof.
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