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Investment of the funds of societies affected by this Act.
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5. The trustees of the several societies intended to be affected and provided for by this Act may from time to time lay out and invest the funds of such societies, as well in the manner, and upon the stocks, funds, and securities, which are now authorized by law with regard to such societies, as also in or upon Exchequer bonds and bills, and any stocks, funds, or securities guaranteed by the Government of Great Britain, and bonds of the City of London, or on mortgage, or in the purchase of any reversionary, contingent, or other estate or interest in any freehold, leasehold, or copyhold property in Great Britain or Ireland, or of any such estate or interest in any of the stocks, funds, or securities herein-before mentioned and referred to respectively, or of any such estate or interest in any sum or sums of money secured upon any such real and personal estate as aforesaid, or upon the security of any rates, tolls, duties, assessments, bonds, stocks, debentures, or other securities of any persons, body or company authorized by Act of Parliament, charter, or otherwise to be raised, levied, or mortgaged, and also upon security of any life policy or policies, although the amount of the loan may exceed the then present value thereof, provided the premiums on such policy or policies and the interest of the loan be collaterally secured by or upon some of the securities herein-before mentioned, and shall and may from time to time vary and transpose the said securities so purchased, and sell the same respectively.
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