Section XXXVII The said Duty may be engaged for Money to be borrowed.

How such Money to be employed.; Lord Mayor, &c. may assign Proportions of Duty to Lenders.; Residue of the said Impositions to be also engaged for other Monies.

And forasmuch as the moneyes to be raised by such Receipt of the Impositions aforesaid for every Chaldron or Tun of Coles by vertue of this and the aforesaid Act will not at present raise such a stocke or summe of money as may be sufficient for the effecting the ends and purposes in this and the aforesaid Act mentioned and intended. It is hereby further enacted and declared That the Lord Archbishop of Canterbury, the Lord Bishop of London, and Lord Maior of London for the time being, shall bee and are hereby impowered by Indenture under their Hands and Seales to engage the proffitts ariseing of the respective Impositions, by this Act imposed, and thereby appointed to be imployed for and towards the rebuilding and erecting or repaireing of the Cathedrall and Parish Churches within the said City respectively or any part or parts thereof as a Security for any summe or summes of money, by them to be borrowed for that purpose to any person or persons that shall or will advance any X1summe or summes of money upon that Security; All which moneys soe to be borrowed shall be imployed for and towards the rebuilding and erecting or repaireing of the said Cathedrall and Parish Churches respectively according to the true intent and meaning of this Act. And in like manner alsoe are hereby further impowered to assigne such proportion or proportions of the moneys to be paid in course out of the said Impositions to the Parishioners of any the said respective Parish Churches, or any other person or persons who shall and will secure the advancement of present moneyes for the rebuilding of their respective Parish Churches and shall be willing to accept of such Assignments for his or their satisfaction of the moneyes to be disbursed and laid out in the rebuilding thereof; And that the said Maior, Commonaltie and Citizens of the City of London and their Successors shall be and are hereby enabled to engage the residue of the proffits ariseing of the said Imposition either by vertue of this or the aforesaid Act respectively, as a Security for any summe or summes of money by them to be borrowed and taken up for that purpose by Indenture under their Common Seale to any person or persons that shall or will upon that Security, advance any present summe or summes of money: All which summe or summes of money soe to be borrowed shall be imployed for and towards the makeing of such satisfaction and other the uses intents and purposes whereunto the said respective Impositions are by this and the aforesaid Act appointed to be converted and imployed and not otherwise; And alsoe in like manner shall and may assigne any summe or summes of money to be paid in course out of the said Imposition to any person or persons whose Grounds shall be taken as aforesaid, who are or shall be willing to accepte thereof for his or their satisfaction.