Section IX

Trustees, or Majority, empowered to borrow Money for Purposes of Act upon Security of Duties.

And forasmuch as the X1Moneys to be raised by the Duties aforesaid will not of a long time raise such Stock or Sum of Money as may be sufficient for the effecting the Ends and Purposes of this Act Be it therefore enacted That the said Trustees or the greater Number of them X2that shall be then living shall be and are hereby impowered by Indenture under their Hands and Seals to convey and assure the Duties granted by this Act as a Security for any Sum or Sums of Money by them to be borrowed for the Ends and Purposes of this Act to any Person or Persons that shall or will advance such Sum or Sums of Money upon such Security all which Money so to be borrowed shall be imployed for and towards the building out a new Head clearing the Beach and other Works for the securing preserving and amending the said Pier and Harbour of Minehead