_Of the Property and Funds of the Institution_.
RULE I. The Land, and the Building thereon, and all other Property of
the Institution, real and personal, shall be vested in Twelve Trustees,
to be elected from among the Proprietors, and shall be held by the said
Trustees for the purposes of the Institution. They shall execute a Deed,
declaring the purposes of such Trust; and when they shall be reduced to
Three in number, the Proprietors, at a General Meeting, convened for that
purpose, shall fill up the number to Twelve; and thereupon a proper Deed
or Deeds shall be executed, for vesting the Property of the Institution
in the surviving and new Trustees, and declaring the Trusts thereof; and
so, from time to time, as often as may be necessary, for perpetuating the
Trusts.
RULE II. Every transfer or bequest of a Share, and also the title of
every Assignee, Legatee, or Legal Representative, shall be entered in the
Register of the Institution; of which entry a Certificate shall be given
by the Secretary, and for which Certificate One Pound, over and above the
Stamp Duty, shall be paid to the Treasurers, to be carried to the general
Fund of the Institution.
RULE III. Every Member of the Institution shall be furnished with one
Copy of the Rules.
* * * * *
Declaration to be signed by the Proprietors.—
We, whose names are here underwritten, being severally Proprietors of the
Institution, called The Western Grammar School, do hereby severally
declare for each of ourselves, and for our respective representatives,
that we have not and that we will not claim, any interests, rights,
privileges, or advantages, whatsoever, in the said School, or in the
monies, goods, chattels, or property, whatsoever, belonging to, or
supposed to belong to the same, excepting such interests, rights,
privileges, or advantages, as may be claimed by us or either of us, or
our representatives, by virtue of the Rules or Bye-Laws of the said
Western Grammar School, now made, or hereafter to be made, by the
majority of the Proprietors of the said Western Grammar School.
* * * * *
_Memorandum_.—The Secretary will keep a Register of Shares that may
become vacant, and of persons desirous of obtaining Shares.
* * * * *
* * * * *
TILLING, PRINTER, CHELSEA.
* * * * *
FOOTNOTE.
{1} The book has short margin notes of each rule which have been omitted
in this transcription. E.g. the note for Rule I. was “Proprietors and
number of Shares.”—DP.