Find details of a report to Bishop and Chapter from representatives of the group investigating a public foundation option in the May 2024 Bishop and Chapter News.
The agenda will address a request from the Restoration Trust Fund Committee to amend the Restoration Trust Fund By-Law to make funds available to the Bishop for use by a new Fredericton Cathedral Foundation.
Section 4 reads: "It is declared that the Fund is a trust of which the Chapter is the trustee, the income and capital of which is to be used only to maintain, repair or restore the Fabric."
The proposed amendment will cause Section 4 to read: "It is declared that the Fund is a trust of which the Chapter is the trustee, the income and capital of which is to be used only to [, or make possible to,] maintain, repair or restore the Fabric."