Rebuilding of Saint Paul's and Westminster Abbey Act 1696

V. Commissioners may engage the Profits as Security for Money borrowed towards Repairs of Westminster Abbey.

And forasmuch as it is necessary that a considerable Su[m]m be expended towards the im[m]ediate repairing the said Collegiate Church itt is hereby further enacted That the said Co[m]missioners or any Two of them shall be and are hereby impowered by Indenture under their Hands and Seals to engage the Profitts ariseing out of the Su[m]ms of Money hereby granted and to them directed to be paid for and towards the repairing the said Collegiate Church or any Part or Parts of such Profitts as a Security for any Su[m]m or Su[m]ms of Money by them to be borrowed for the intent and purpose aforesaid to any Person or Persons who shall or will advance any Su[m]m or Su[m]ms upon such Security all which Money so to be borrowed shall be imployed in for and towards the repairing the said Collegiate Church of Saint Peter in Westminster according to the true intent and meaning of this Act.