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Enfranchisement Money may be paid to official Trustees of Charitable Funds.
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XV. In the Case of n Corporation or other Lord of any Manor holden upon any Charitable Trust within the Provisions of the “Charitable Trust Act, 1853,” or “Charitable Trust Amendment Act, 1855,” not authorized to make an absolute Sale otherwise than under the Provisions of the said last-mentioned Acts or of the Copyhold Acts, the Consideration Money to be paid for the Redemption or Sale of any Rentcharge, or as Compensation for any Enfranchisement, may, at the Option of the Lord, be paid into the Hands of the official Trustees of Charitable Funds acting under the said Charitable Trusts Acts, in trust for the Charity to which the Manor shall belong; and the Principal Moneys shall be applied by the Trustees, under the Order of the Charity Commissioners forEngland andWales, for the Purposes to which the said Money if paid into the Bank ofEngland in the Name of the Accountant General of the Court of Chancery would be applicable under the Copyhold Acts, and in the meantime shall be invested, and the Dividends of such Investments shall be applied, according to the Provisions of the said Acts relating to Charitable Funds paid to such official Trustees.
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