(1)On the appointed day there shall be constituted a body to be known as the Continuing Trustees of the United Medical and Dental Schools of Guy’s and St. Thomas’s Hospitals which shall exist for a period of 10 years from that day and which shall on the expiry of that period hereby be dissolved and cease to exist.
(2)Prior to the appointed day the Council of Governors shall appoint four persons, and the Delegacy shall appoint one person, and the persons so appointed together with the Principal shall be the members of the Continuing Trustees.
(3)(a)A member of the Continuing Trustees, other than the Principal, may, by notice in writing to the other members, resign his membership; and if a member other than the Principal becomes, in the opinion of the other members, unfit to discharge his duties as a member, the other members may, by notice in writing to him, terminate his membership.
(b)Where a member of the Continuing Trustees, other than the Principal, dies or resigns or has his membership terminated, the surviving or continuing members may by writing appoint another person to be a member in his place.
(4)The Continuing Trustees shall—
(a)consider for the purposes of section 7 (Restriction on use of certain property) of this Act, any proposals by the Council of the College to use or permit the use of any of the relevant property otherwise than for the purposes of educating, or providing facilities for, students of medicine or dentistry or of promoting and advancing the teachin g of, or research into, medicine and dentistry, or subjects allied thereto, within the College; and
(b)consider any other proposals or matters which may be referred to it by the Council of the College including any proposals for changes to the composition and functions of the Board of Management constituted under Statute 8A of the College Statutes.
(5)The Continuing Trustees shall determine its own quorum and procedure.
(6)For the purposes of this section and section 7 (Restriction on use of certain property) of this Act “the relevant property” means such interests in the properties specified in Schedule 2 to this Act as are transferred to the College under section 5 (Transfer of property, etc.) of this Act and such other property as may be designated by the Council of Governors before the appointed day, or by the Council of the College from time to time during the existence of the Continuing Trustees, as subject to the provisions of the said section 7.