This Trust Deed made
on........................... 19........................... Between Shri
........................... son of Shri........................... aged
about........................... Years, resident of............................
hereinafter called "The founder of the trust" on one part and (1)
Shri........................... son of Shri........................... Aged
about........................... years, resident of...........................
(2) Shri........................... son of Shri ...........................
aged about........................... years........................... Resident
of ........................... and (3) Shri........................... son of
Shri........................... aged about........................... years,
resident of........................... hereinafter called "The
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
andoutside 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 Boarding House for such students who come from outstations for receiving
education in the said School/College and receive education as such.
2. The Founder of the Trust being absolute
owner of the properties dedicated hereto to the Trust, hereby conveys all
Property fully described in the Schedule annexed hereto as well as movable
assets consisting of cash amount to Rs............................ Government
Promissory Notes and Fixed Deposits in the State Bank of India fully detailed
in the Schedule to the Trustees to hold the same upon trust and with, under the
subject to the powers and provisions herein contained.
3(i)The Trustees shall submit a building
plant suitable for the School/College, and shall on sanction of the building
plan from the Prescribed Authority erect such building for the School/College
and its boarding house. The Trustees shall have the power to demolish any old
building standing on the said land if they deem it essential for the purpose
abovementioned.
(ii) The Trustees shall engage and employ
such teaching clerical and menial staff for imparting education, maintaining
office, cleaning the premises and other acts essential for the purpose. Such
staff will be paid such salaries as the Trustees may decide according to the
Rules prescribed by the Board of Secondary Education or the University to which
the school/college is to be affiliated.
(iii)The Trustees will defray the expenses
incurred for the purposes of the Trust out of the income of the Trust Funds and
Properties. If, however, the income occurring in the normal course from the
Funds and Properties dedicated, is found insufficient for meeting the ends of
the Trust.
(iv)The Trustees shall have no power to alienate
the trust properties or encumber them even for essential needs, without
permission of the General Body 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 stage 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 offence of moral terpitude is convicted and
punished by a Court of law, he shall be deemed to have vacated the office and
the remaining Trustees shall fill his seat by appointment of another trustee.
So will be the case in case of voluntarily vacating the office by any of the
trustees or on becoming disabled due to some physical infirmity.
6. While performing the purposes of the Trust
if there is a difference of opinion between the Trustees, the decision of the
majority shall prevail which shall be carried out by all concerned.
7. If the trust fails for want of its objects
or it becomes impossible to carry out the said purposes due to reasons
unavoidable, the Trustees shall move the Court for applying the trust funds for
some other similar purpose. The Trust funds shall, however, in no case revert
to the Founder or his legal representatives, as it is a public trust being duly
registered.
8. No corpus of the Trust Property or Funds
shall be utilised for purposes other than those of the Trust.
9. The value of the Trust property is
Rs............................ and the proper stamp duty is paid thereon for
the registration of this Trust Deed.
In witness whereof the parties hereto append
their signatures on the trust deed on the day and year afore-mentioned.
Date and Place
Witnesses: Signed................................
Founder
1............................ Signed...........................
Trustee (1)
2............................ Signed...........................
Trustee (2)
Signed...........................
Trustee (3)
Schedule of the Trust
Property and Funds
No comments:
Post a Comment