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Money levied to be expended under Directions of the Bishop.
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XVII. That the Money so to be raised shall, after Payment of the Charges of levying same, be paid, either altogether or in Parcels, at the Discretion of the Bishop of the Diocese, into the Hands of such Person or Persons as shall be nominated and appointed by the said Bishop or Archbishop of the Diocese, by Writing under his Hand, to receive and apply the same for the Purpose of making such Buildings or Improvements, after such Nominee shall have given Security by Bond to the Bishop or Archbishop of the Diocese, with sufficient Surety, in double the Sum so raised, with Condition for his duly applying and accounting for the same according to the Provisions of this Act; and the Person or Persons so to be nominated shall enter into Contracts with proper Persons for such Buildings or Improvements as shall be approved of by the said Bishop or Archbishop, and shall be specified in a Memorial in Writing subscribed with the Hand of such Person or Persons so nominated as aforesaid, and countersigned with the Signature of the said Bishop or Archbishop approving of the same (a Copy of which Memorial shall be registered at large in the Registry of the Diocese, and shall for this Purpose be in the Room and Stead of a Memorial presented by the Ecclesiastical Person holding the said See, Benefice, or Preferment); and the said Person or Persons so nominated shall inspect and have the Care of the Execution of such Contracts, and shall pay the Money for such Buildings or Improvements according to the Terms of the said Agreement, and shall take proper Receipts and Vouchers for the same; and as soon as the said Buildings or Improvements shall be completed, and the Money paid for the same, such Person so nominated as aforesaid shall make out an Account of his Receipts and Payments, together with the Vouchers for the same, and enter them in a Book, fairly written, which shall be signed by him, and laid before the Bishop or Archbishop of the Diocese, and examined by him; and, when allowed by Writing under the Hand of such Bishop or Archbishop, such Allowance shall be a full Discharge to the Person so nominated in respect of the said Accounts and the Expenditure of the said Monies; and if any Balance shall remain in the Hands of such Nominee the same shall be returned to the Ecclesiastical Person whose Benefice or Preferment was put under Sequestration as aforesaid, or his Representatives, and shall be considered in estimating the Amount payable under any such Certificate of Charge.
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