XXXCompany to pay the Chaplain a Stipend approved by the Bishop.
The Company, out of the Monies to be received by virtue of this and the special Act, shall allow to the Chaplain of the Cemetery for the Time being such a Stipend as is approved of by the Bishop of the Diocese in which the Cemetery is situated, which shall be payable, by equal Moieties, on the Twenty-fifth Day of March and the Twenty-ninth Day of September in each Year; and if any Chaplain die, resign, or be removed or appointed, in the Interval between the half-yearly Days of Payment, the Company shall pay to him, or his Executors or Administrators, a Part only of the half-yearly Payment of the Stipend proportioned to the Time during which he shall have been the Chaplain since the last preceding Day of Payment.