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The Pamphlet Collection of Sir Robert Stout: Volume 50
XI. — Election of the Grantors to Control the Property and the Execution of the Trust During their Lives, or the Life of Either
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XI.
Election of the Grantors to Control the Property and the Execution of the Trust During their Lives, or the Life of Either.
The grantors, and each of them, do hereby, in accordance with the provisions of the aforesaid act of the Legislature, elect:
| 1. | In relation to the property hereby conveyed, and in relation to such other property as may hereafter be conveyed or devised by them or either of them, to said Trustees for the purposes of this trust, and in relation to the erection, maintenance and management of the institution hereby founded, to perform during their lives all the duties and exercise all the powers and privileges which by the terms of this grant, are enjoined upon and vested in the Trustees therein named. |
| 2. | That the survivor of either of said grantors shall, after the death of the other, and during the life of the survivor, in relation to all of said property, and in relation to the erection, maintenance and management of the institution hereby founded, perform all the duties and exercise all the powers and privileges which, by the terms of this grant, are enjoined upon and vested in the Trustees therein named. |
| 3. | That upon the death of both grantors, then all such duties shall devolve upon, and all such powers and privileges shall be exercised by, the Trustees named in this grant, and by their successors forever. |