Acts. 107

And whereas, for the better Security of the Fund intended by
this Act to be raised, and lodged in the Bank of England, as well as
for the more effectual Execution of the Trusts reposed in the Trus-
tees, who shall be from Time appointed and intrusted to manage
and transact any Parts of the Trusts mentioned to be transacted in
England, His Lordship, the Right Honourable the Lord Proprie-
tary of this Province, hath been pleased, at the Desire and Applica-
tion to His Lordship, of both Houses of Assembly, for that Pur-
pose, to signify his Willingness and Condescention, to take upon
himself the Trusts, and Care, of super-intending and directing the
Conduct and Behaviour of such Trustees; and which Goodness in
His Lordship is most gratefully acknowledged :
Be it therefore Enacted, by the Authority, Advice, and Consent
aforesaid, and it is hereby declared, That, as well in the purchasing
the said Bank Stock, and in making all Entries or Transfers thereof,
in the Bank Books, as in the Sale of the same, 'or any Part thereof,
for the Benefit and Use of this Province, the said Trustees, and
every of them, shall from Time to Time, consult with, and procure
the said Approbation of the said Lord Proprietary, for such their
intended Proceeding: And that no such Stock shall be sold until such
Approbation had: And also, that the said Trustees, and every of
them, shall be subject to the Control and Direction of His Lordship,
in the Execution of the Trusts to them committed; and shall, from
Time to Time, acquaint Him with any Proceeding or Transaction
they intend, in the same Trusts. And further, it shall and may be
lawful, to and for His said Lordship, from Time to Time, and as
often as he shall think proper, to remove and displace any of the
Trustees, in England, from the Execution of all or any Part of the
Trusts to him or them committed; and nominate and appoint other
Person or Persons, in his or their Places, or in the Place and Stead

Session
Laws

of any of the Trustees mentioned in this Act, in Case of Refusal,
or Death: All which said Person or Persons, so to be nominated
and appointed, shall be, and is and are, hereby declared to be vested
and impowered with the same Authorities, in the Execution of all
the Trusts in this Act, as the Person or Persons, in whose Room or
Place he or they should succeed, were at any Time vested or impow-
ered with, by Virtue of this Act: which said Removal, and Nomina-
tion, shall continue, and be available, for the Execution of the Trusts
committed to the Trustees in England, until the same shall be
altered by the Assembly of this Province.
And be it further Enacted, by the Authority aforesaid, That after
the End of Fifteen Years, after the Twenty-Ninth Day of September
next, to wit, the Twenty Ninth Day of September, which shall be
in the Year of Our Lord, One Thousand, Seven Hundred, and Forty
Eight, any Person or Persons, who shall have the Property in, or

p. 18