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Power to Trustees to dispose of Government Securities, and invent Produce in Purchase of Lands, &c.
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VIII. That it shall be lawful for the said Trustees under any such Deed of Endowment, or the Majority of them, or other Person or Persons in whom said Trust Funds shall be for the Time vested, in case such Endowment shall be formed in the whole or part of Government Funds or other Public Securities, as they shall think fit, to dispose of such Government Funds or Securities, and to invest the Produce thereof in the Purchase of Lands, Tenements, or Hereditaments held in Fee Simple or Fee Farm, in such Manner and subject to such Restrictions as in the said Deed of Endowment may be for that Purpose provided; and where such Endowment shall be formed in the whole or in any Part of any Estate or Interest in Lands, Tenements, or Hereditaments less than a Fee Simple or Fee Farm, it shall be lawful for such Trustees, or the Majority of them, as they shall see fit, to purchase any more extensive Interest therein, or the Reversion or Inheritance therein, in such Manner and subject to such Restrictions as in the Deed of Endowment may be for that Purpose provided.
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