27. TRUST DEED FOR ESTABLISHING AND RUNNING A SCHOOL OR COLLEGE.[CD1] 

TRUST DEED FOR ESTABLISHING AND RUNNING A SCHOOL OR COLLEGE

 


This Trust Deed made on ................... 19 ............................ son of Shri ........................... aged about ......... resident of ......................., hereinafter called “The founder of the trust and (1) Shri.......................... son of Shri......... Aged about .... years, resident of .... ....... (2) Shri ........... aged about ...

.......... and (3) Shri ........................... son of Shri ..... about... years, resident of ...... Trustees” of the other part:

 

Whereas :

 (1) The Founder is absolute owner of properties fully described in the Schedule annexed hereto :

(2) The Founder of the Trust is desirous of endowing the said property for the purpose of founding a School/College under the name of ..................... School) College, in the city of .... ......, for the education of the girls of the city and outside places of the Country, in the educational and cultural pursuits of India :

(3) The Trustees have agreed to carry out the trust herein created. Now it is hereby agreed as follow :

1. The objects of the trust are :

(a) To establish, run and continue a School/College for the education

of girls in Arts, Science, and Hindu Religion and Culture of the Aryan Cult and to develop their character as well as to educate them in physical culture, (b) To establish and maintain a Girls Boardins House for such students who come from outstations for recordseducation in the said School/College and receive education as 2. The Founder of the Trust being absolute owner of the properties dedicated hereto to the Trust, hereby conveys all Property fully described in " Rs. ..........Government Promissory Notes and Fixed Depositsable assets consisting of cash amount annexed hereto as well as movable assets consisting ofproperties dedicated ribed in the Schedule Bank of India fully detailed in the Schedule to the Trustees to hold trust and with, under the subject to the powers and provisions ne

3 (i) The Trustees shall submit a building plant suitable for and shall on sanction of the building plan from the Prescribed A building for the School/College and its boarding house. The Trus power to demolish any old building standing on the said land if the for the purpose abovementioned.

 

(ii) The Trustees shall engage and employ such teaching clerical staff for imparting education, maintaining office, cleaning the premises on menial essential for the purpose. Such staff will be paid such salaries as the decide according to the Rules prescribed by the Board of Secondary the University to which the school/college is to be affiliated.

(iii) The Trustees will defray the expenses incurred for the purpos Trust out of the income of the Trust Funds and Properties. If, however, the occurring in the normal course from the Funds and Properties dedicated in insufficient for meeting the ends of the Trust.

 (iv) The Trustees shall have no power to alienate the trust properties encumber them even for essential needs, without permission of the General Bor of the Education Assembly of the School/College, whose members shall be all the teachers of the School/College and Ex-Graduates who had got education at any stas in this School/College and who regularly contribute the annual subscription for the membership of such Assembly.

(v) The Trustees may invest the surplus funds of the Trust in their hands accrued from the income from property of trust or otherwise by donations etc. in Governments securities or fixed deposits in the State Bank of India or other Scheduled and Nationalised Banks as found convenient to them.

4. The Founder of the Trust shall be one of the Trustees and after his life the eldest male member of his family or descendants shall be a co-trustee, in the absence of a male member in his family or descendants any educated female member shall be a co-trustee.

5. If a co-trustee becomes insolvent the office of such trustee shall be suspended till he attains solvency, and in the case of a trustee committing an orience of moral terpitude is convicted and punished by a Court of law, he shall be deeme to have vacated the office and the remaining Trustees shall fill his seat by appoint of another trustee. So will be the case in case of voluntarily vacating the on any of the trustees or on becoming disabled due to some physical infirmis.

6. While performing the purposes of the Trust if there is a dire opinion between the Trustees, the decision of the majority shall prevail be carried out by all concerned.

7. If the trust fails for want of its objects or it becomes imposs out the said purposes due to reasons unavoidable, the Trustees shall ni for applying the trust funds for some other similar purpose. The however, in no case revert to the Founder or his legal representatives, trust being duly registered.

8. No corpus of the Trust Property or Funds shall be utilise other than those of the Trust.

9. The value of the Trust property is Rs. .............. stamp duty is paid thereon for the registration of this Trust Deed

In witness whereof the parties hereto append their signatures on on the day and year afore-mentioned.

Date and Place

 Witnesses :

Signed......................... 1. .............

Signed…………………………….. Trustee(1)

Signed...............………….Trusteee(2)

            Signed …………………………..…Trustee(3)

 

 

                Schedule of the Trust Property and Funds

 

 [CD1]TRUST DEED FOR ESTABLISHING AND RUNNING A SCHOOL OR COLLEGE.