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Newington College Council Act 1922
4Temporary investment
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4 Temporary investment
4 Temporary investment
Pending the application of any moneys to arise as aforesaid the same may, after payment thereout of all proper costs, charges, and expenses, be invested in Government or real securities in New South Wales or in the Commonwealth of Australia, or on fixed deposit in any bank or otherwise, as the resolution of the council directing such dealing, or any other resolutions of the council for the time being applicable thereto, may provide.