The University of Oxford may make Statutes for the Regulation of the Professorships specified in the Schedule annexed hereto in respect of the following Matters; that is to say,

1. 1

   The Functions and Duties of each of the Professors holding the said Professorships :

2. 2

   The Fees, if any, to be charged for Admittance to the Lectures of each Professor:

3. 3

   The Determination of the Periods during which each Professor is to reside in the University; the Authority in whom a Power of granting Leave of Absence is to be vested, and the Mode of enforcing the required Residence :

4. 4

   The Appointment of a temporary Substitute for each Professor, in case of his Illness or temporary Absence with Leave, and of a permanent Substitute in case of his being permanently incapacitated by old Age or Infirmity:

5. 5

   The Remuneration of any such temporary or permanent Substitute out of the Income of the Professor in whose Place he is substituted:

6. 6

   The Constitution of a Court or other Authority empowered to admonish and, if necessary, remove a Professor guilty of notable Negligence or Inefficiency in conducting the Duties of his Office, or of Immorality.