Secondly, that the said Corporation be established for the term of one-and-twenty years.
The Corporation ought to be established for one-and-twenty years, or otherwise it cannot have the benefit the law gives in case of infants, which is their service for their education; besides, it will be some years before a matter of this nature can be brought into practice.
Thirdly, that the said sum of 300,000 pounds be paid in, and laid out for the purposes aforesaid, to remain as a stock for and during the said term of one-and-twenty years.
The subscription ought to be taken at the passing of the Act, but the Corporation to be left at liberty to begin either the Michaelmas or the Lady Day after, as they shall think fit. And XXX per cent. to be paid at the subscribing to persons appointed for that purpose, and the remainder before they begin to act; but so as 300,000 pounds shall be always in stock during the term, notwithstanding any dividends or other disposition: and an account thereof to be exhibited twice in every year upon oath, before the Lord Chancellor for the time being.
Fourthly, that the said corporation do by themselves, or agents in every parish of England, from and after the XXX day of XXX during the said term of one-and-twenty years, provide for the real impotent poor good and sufficient maintenance and reception, as good or better than hath at any time within the space of XXX years before the said XXX day of XXX been provided or allowed to such impotent poor, and so shall continue to provide for such impotent poor, and what other growing impotent poor shall happen in the said parish during the said term.
By impotent poor is to be understood all infants and old and decrepid persons not able to work; also persons who by sickness or any accident are for the time unable to labour for themselves or families; and all persons (not being fit for labour) who were usually relieved by the money raised for the use of the poor; they shall have maintenance, as good or better, as within XXX years they used to have.