19
END
6
25. All capital moneys shall be paid into a separate account and shall be expended first on the cost of building the Institute and as to the balance towards forming an Endowment Fund which shall be invested and controlled by the Committee and used by them in any way they think fit for the benefit of the Institute.
26. Cheques shall be drawn on the Order of the Committee and shall be signed by the Chartered Account- ants and countersigned by two Members of the Commit-
tees.
INVESTMENTS.
27. All moneys standing to the credit of the Endow- ment Fund shall be invested by the Committee in the corporate name of the Corporation or in the names of its nominees upon the investments authorised in this Ordi- nance and any such investments from time to time may be sold and the proceeds thereof invested in other such investments as aforesaid as and when the Committee shall direct.