Section 22: Foundations
consolidated text (as at 1991). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
22. Foundations
(1) Every year at the January meeting, the Curé shall certify to the fabrique that all foundation obligations for the preceding year have been
fulfilled.
(2) Foundation funds shall be safely invested by the fabrique and shall
not be spent until the respective obligations have been discharged.
(3) (a) All investments shall be proposed at a meeting convened for that
purpose, and shall not be accepted unless approved by the unanimous vote
of the members present.
(b) In the case of persistent dissent, a majority of two thirds with
the Bishop’s consent shall suffice.