16Trustees to pay net income from property to persons appointed to receive same

16 Trustees to pay net income from property to persons appointed to receive same

16 Trustees to pay net income from property to persons appointed to receive same

During the period of three months next following the date of the passing of this Act the Trustees or Trustee shall within seven days after the expiration of one month after the date of the receipt of any income and after the expiration of the said period of three months the Trustee shall within one month after the expiration of every period of three months after the date of the receipt of any income pay to the treasurer or treasurers or other the person or persons who shall by the rules be appointed to receive the same unless otherwise directed by the committee all net income received by the Trustees or Trustee from Unitarian Church property during the immediately preceding period of one or three months respectively, and also such other moneys as by this Act are directed to be paid to the Treasurer or Treasurers or to the committee: Provided that the Trustees shall, if so directed by a resolution of the committee, pay all such income and moneys as aforesaid to such members of the committee not being less than three in number as the committee may by such resolution appoint to receive the same in addition to the treasurer or treasurers or other person or persons who shall by the rules be appointed to receive the same. The treasurer or treasurers or others the person or persons to whom the Trustees shall pay such income and money as aforesaid, shall pay thereout such annual sum by way of superannuation or pension to any retired or retiring officiating minister, or to his widow, or by such instalments and at such periods as shall be directed by any special resolution of the congregation and subject thereto to expend or apply the same for such purposes of the Church, and in payment of such expenses and outgoings as the committee may by resolution direct. If in any year there shall be in the hands of the treasurer or treasurers or the committee or other the persons or person appointed by the rules to receive the same accumulations of unexpended income amounting in the aggregate to twice the average income received during the immediately preceding three years such accumulated income shall be paid to the Trustees or the Trustee, to be held by them him or it as capital moneys forming part of Unitarian Trust property as hereinbefore provided.