The Pamphlet Collection of Sir Robert Stout: Volume 50
XII. — Reservation of the Right to Alter, Amend, or Modify the Terms and Conditions of this Grant, and the Trust Therein Created, in Certain Respects
Reservation of the Right to Alter, Amend, or Modify the Terms and Conditions of this Grant, and the Trust Therein Created, in Certain Respects.
The grantors hereby reserve to themselves, during their lives, and hereby reserve and grant to the one who shall survive the other, during his or her life, the right to alter, amend or modify the terms and conditions of this grant, and the trusts therein created, in respect to the nature, object and purposes of the institution founded, the powers and duties of the Trustees; the manner in which and to whom they shall account; the mode and manner, and by whom, their successors shall be appointed; the rules and regulations for the management of the property conveyed; the time when, and the character and extent of, the buildings which shall be erected; the right to provide for trades and professions which shall be taught in the institution, and the terms upon which scholarships shall be founded.