An Act to remove doubts as to the power of Trustees to invest Trust Funds in Debenture Stocks
WHEREAS by divers Acts of Parliament, and more particularly by the Companies Act, 1863, and the Acts amending the same, companies authorised to issue debenture stock are empowered to raise, by means of such stock, all moneys which, they may for the time being be authorised to raise on mortgage or bond: And whereas doubts are entertained whether it is lawful for trustees who may be authorised to invest trust funds in the mortgages or bonds of companies to invest such funds in debenture stock: ...