REGISTRATIONS
The Trustees may, if they consider it appropriate or necessary
to do so, register the Trust and this Deed and the Trust Fund with
such authority or authorities or in such·place or places as
the Trustees may deem expedient from time to time or as may be
required by law from time to time.
4. DEFINITIONS
4.1 In this Deed (and in addition to other definitions made
elsewhere in this Deed) the following expressions shall,
when the context admits have the meanings respectively
assigned to them as follows:
4.2 "Further donations" shall mean and shall include all
contributions by way of donations, gifts or grants whether
of money or of any other property movable or immovable,
donated by any person or persons (including the FOUNDERS)
to and accepted by the Trustees for the purpose of the
Trust at any time or times after the establishment of the
Trust.
4.3 "Donor'' shall at any particular date, mean and include
any person or persons, body or institutions
/4.4 ‘’The...
4.4 "The Trust Fund" or "Trust Capital" shall mean and shall
include;
i) The capital specified in clause 1 hereof;
ii) All investments and other assets at any time or times hereafter
paid or transferred to and accepted by the Trustees by way of
addition or accretion to the Trust Funds;
iii) All income accruing from time to time to the Trust Fund;
iv) The money, investments and property from time to time
representing the assets of the Trust Fund.
4.5 "The Trustees" shall mean and include not only the
Trustees who are parties to this deed but also all persons
subsequently appointed to the office accepting and holding
office for the time being as Trustees of the Trust.
4.6 Headings of Clauses are for reference purposes only
and shall not be used in the interpretation hereof.
4.7 Words importing any gender shall include the
other gender.
4.8 Words importing the singular shall include the plural
and vice versa; references to persons shall include
bodies corporate.
5. OBJECTS OF THE TRUST
The Trustees shall hold and administer the Trust Fund
UPON TRUST from time to time to apply and utilize the
whole or part of the capital and income thereof at the
discretion of the Trustees in making donations and grants to and
for Beneficiaries. Such donations and grants shall be
for the care, maintenance, and education as may be
appropriate, and to be applied for the relief of hardship,
maintenance, medical care, general advancements and well-being in
life and education, and other like purposes, as the
Trustees shall in their discretion determine to be for the
benefit of beneficiary.
Notwithstanding the foregoing, the FOUNDERS may, in
making any donation or grant, specify the beneficiaries of
such donation or grant and the appointment thereof
leaving to the discretion of the Trustees when and in what amount
or amounts the income and capital is distributed pursuant
to the objectives above set out.
6. ACCRETIONS TO TRUST FUND
The Trustees shall stand possessed of the Trust Fund subject to
the trusts powers and provisions herein declared and
contained of and concerning the same and the Trustees
shall be at liberty at any time or times during the Trust period to
accept any investments or property of whatsoever nature
from any person or persons or by will or by the
provisions of any other trust or donation or otherwise to the intent
that the same shall be held by or on behalf of the Trustees as
an accretion to the Trust Fund and from and after the date
of such acceptance the Trustees shall hold the same accordingly.
