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Canon D-5: THE CONSOLIDATED INVESTMENT FUND

establishment of the fund:

1. There shall be a fund called The Consolidated Investment Fund which shall consist of all monies placed in the Synod's hands in trust, as endowments, for short-term investment, for other special purposes, or for safe-keeping.

investment of the funds:

2. With the concurrence of any congregation from which such funds originated, the Executive Committee shall be authorized to invest any funds so derived in accordance with the Incorporated Synod of the Diocese of Algoma Act, 1953.

[formerly Canon 7]

Amended 1999

 

©2001 Diocese of Algoma