New M.S.C.C. By-law
https://archives.anglican.ca/link/official6379
- Date
- 1927 September
- Source
- General Synod. Minutes
- Type
- Resolution
- Mover
- Mr. J.M. McWhinney
- Seconder
- Archbishop of Huron
- Text of motion
- That Clause 5 be adopted.
- Notes
- (5) The joint investment committee shall have the management and control of the Consolidated Trust Fund and the securities thereof, and they shall make such investments of the same as are authorized by the Trustee Act of the Province of Ontario, in such sums, at such rates of interest, and on such terms as they may in their discretion determine, with power to sell and convey or exchange securities from time to time as they may deem expedient, and for this purpose the General Synod of the Church of England in Canada hereby appoints the joint investment committee the attorney of the General Synod, in its name and on its behalf to sell, assign, and convey from time to time the said securities, or any other securities that may come into their hands, as they deem it expedient, and to receive the consideration thereof, and generally to deal with said securities, with power to take such legal or other proceedings respecting same as they may deem necessary.
- Subjects
- Church of England in Canada. Joint Investment Committee
- Missionary Society of the Church in Canada (M.S.C.C.) - Finance
- Finance - Anglican Church of Canada