Cathedrals Measure 1963

35 Borrowing powers of capitular bodies.E

The capitular body of any cathedral church shall have power to borrow money for any purpose connected with the cathedral church:

Provided that if the purpose for which the money is to be borrowed is such that the use of moneys forming part of the endowment of the cathedral church for that purpose would require the consent of the Church Commissioners, then, the consent of the Church Commissioners shall be required for the borrowing of that money under this section.