At an Assembly of Landed Proprietors of La Vingtaine de la Ville de St. Hélier held at the Church House on 29th April 1991 it was unanimously decided that the Procureurs be empowered to revise the Regulations which were last revised and adopted by Act of an Assembly of the said Vingtaine held at the Church House on Wednesday 3rd April 1985

Now it is confirmed that the accumulated funds belonging to and inalienable from La Vingtaine de la Ville are at the present time as follows:-
 

£22,910 U.K. 12½% Treasury Stock 1993
£ 3,825 U.K. 14½% Treasury Stock 1994
£25,000 U.K. 8½% Treasury Stock 2007
£18,000 Lombard Banking 9¼% Fixed Deposit 1997
 

Furthermore, La Communauté is the freehold owner of two properties, namely:-
 

The Garden known as Allix's Shipyard, Havre des Pas
The Regency Arch site, Regent Road
 

Therefore, to bring continuity of administration to the above mentioned funds and properties, as well as utilising the income derived therefrom, the Procureurs have drawn up the following Regulations.

ARTICLE 1

1. The administration of the above mentioned funds and property shall be vested in two Procureurs who shall serve for a term of five consecutive years and on completion of that term shall be eligible for re-election. Such persons shall be elected by majority vote at an Assembly of La Communauté de la Vingtaine de la Ville for which due notice has been given in accordance with Article 4 of these Regulations.
2. In the event of resignation or death of a Procureur, the remaining Procureur shall immediately convene an Assembly to elect a replacement to complete the remainder of the retired or deceased officer's term.

ARTICLE 2

The Procureurs shall be required to present their Accounts for each calendar year during the month of April of the succeeding year at an Assembly called for this purpose. The said Accounts having first been audited and certified by a firm of qualified Accountants.

ARTICLE 3

The Procureurs shall be required to call an Assembly of the Community of the said Vingtaine within the course of a month, when they shall have been required to do so by a letter signed by twelve proprietors for any purpose which concerns the said Community. Unless at least nine of the said signatories are present at an Assembly called to consider their request then the subject shall neither be discussed or voted upon.*

ARTICLE 4

The convening notice for calling an Assembly of the Community shall contain the agenda which is to be followed. This notice shall be inserted two times in the local newspaper published daily. Additionally the covening notice shall be displayed in the notice box at the entrance of the Churchyard of the Parish Church of St Helier.**

The Assembly shall not discuss or vote upon any subject other than those mentioned in the convening notice.

ARTICLE 5

The capital funds invested in UK Government Stocks or on fixed term deposits with any institution registered under the Banking Business (Jersey) Law 1991, as amended, the Post Office or National Savings shall be invested promptly when such sums are reimbursed. The said funds being registered in the names of the two Procureurs acting on behalf of La Vingtaine de la Ville de St Hélier. The Procureurs shall take such action as is necessary to maintain maximum possible income from the said capital funds without indulging in financial speculation.***

ARTICLE 6

Revenue from the Funds detailed in the preamble to these Regulations, shall be applied by the Procureurs for the improvement of amenities and other works of interest pertaining to and situated within the boundaries of La Vingtaine de la Ville de St. Hélier (Cantons de Haut & de Bas). Provided always that all such expenditure has been approved by an Assembly of the said Vingtaine. Notwithstanding the latter stipulation the Procureurs may proceed with maintenance of the two properties mentioned in the Preamble and refurbishment of existing historical plaques without seeking approval of an Assembly.

ARTICLE 7

Monies received by the Vingtaine shall be deposited at one of the major clearing banks. Funds surplus to immediate requirements being kept in an interest earning account. Withdrawals from bank accounts shall require signatures of both Procureurs, whilst deposits may be made under one signature.

ARTICLE 8

These Regulations shall come into force on 1st day of January 1992, all former regulations being revoked forthwith.

SIGNED

A. D. Germain

P. F. Routier

*Amendment adopted 29th April 1993
**Amendment adopted 18th June 1997
***Amendment adopted 19th April 2000