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Vaughan's Charity (Administration) Act (Northern Ireland) 1954

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  1. Introductory Text

  2. WHEREAS it is desirable to substitute the Scheme set out...

  3. And Whereas the 1954 Scheme has been approved by Her...

  4. And Whereas it is necessary for giving effect to the...

  5. And Whereas it is necessary, for the purpose of giving...

  6. 1.Future administration of Vaughan Agricultural Institute.

  7. 2.Repeals, etc.

  8. 3.Short title.

  9. SCHEDULES

    1. [SCHEDULE

      VAUGHAN'S CHARITY

      1. Scheme

        1. 1.For the purposes of this Scheme the following terms shall be interpreted as follows:— “the...

      2. Powers and duties of the Ministry

        1. 2.(1) The lands and premises which are vested in the Ministry in pursuance of the...

        2. 3.The investments and cash which at the date of this Scheme are held by the...

        3. 4.The Ministry may invest the Trust Fund in such manner as it may think fit...

        4. 5.The Ministry may accept grants or bequests subject to any trusts attaching thereto and may...

        5. 6.Para. (1) spent (2) When the sale referred to in Article 2(1) has been effected...

      3. Appointment, etc., of the new trustees

        1. 7.(1) As soon as practicable after the sale referred to in Article 2(1) has been...

        2. 8.There shall be kept by the new trustees a book in which shall be entered...

        3. 9.A trustee who communicates in writing to the trustees his wish to resign, or who...

        4. 10.A trustee shall not be entitled to any salary or emolument out of the Trust...

        5. Arts. 11, 12 spent

      4. Transfer of Institute Fund

        1. 13.When the sale referred to in Article 2(1) has been effected and all monies required...

      5. Discharge of present trustees

        1. 14.The present trustees shall prepare an account of all their receipts and disbursements arising since...

      6. Investment of surplus monies

        1. 15.Any monies in the hands of the new trustees for the purposes of this Scheme...

        2. 16.The new trustees shall not use any monies held by them for the purposes of...

      7. Meetings and proceedings of new trustees

        1. 17.The new trustees shall hold general meetings at least twice in every year. If the...

        2. 18.The chairman or any two trustees may at any time summon a special meeting for...

        3. 19.Notice in writing of every meeting of the new trustees whether general or adjourned, shall...

        4. 20.Three of the new trustees shall form a quorum and if a quorum shall not...

        5. 21.Every matter shall be determined by the majority of the new trustees present and voting...

        6. 22.The new trustees may, at any meeting, appoint two or more members of their body...

      8. Officers and general management

        1. 23.The new trustees shall appoint some fit person to be their clerk and may pay...

        2. 24.A minute book shall be provided and kept by the new trustees. Minutes of the...

        3. 25.Full accounts shall be kept by the new trustees in proper books of account provided...

        4. 26.A banking account for the purposes of the Charity shall be kept at some bank...

        5. 27.All cheques and orders for the payment of money shall be signed by one of...

        6. 28.Within the limits prescribed by this Scheme, and with the approval of the Ministry, the...

      9. General

        1. 29.The new trustees shall cause a printed copy of this Scheme to be supplied to...

        2. 30.Upon the application of the new trustees made with the approval of the Ministry of...

    2. Schedule 1 sets out details of the lands, all of which have been sold

    3. Schedule 2 sets out the trust investments held at the date of passing of the...

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