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EDUCATIONAL ENDOWMENTS (IRELAND) ACT 1885 - SECT 6

Provisions of educational endowment schemes.

6. Subject to the provisions herein-after contained, ... schemes for the
future government and management of educational endowments, ... may provide
for altering the conditions and provisions of such endowments, including the
powers of investing and from time to time changing the investment of the funds
or selling the properties thereof, or amalgamating, combining, or dividing
such endowments, or, in the case of endowments applicable for intermediate
education, transferring such endowments to the Intermediate Education Board
for Ireland, to be applied by them for the purposes of the Intermediate
Education (Ireland) Act, 1878, as the Scheme may direct, or (in the case of
endowments applicable for elementary education) placing the schools under the
inspection of the Commissioners of National Education, as the Scheme may
direct, or consolidating or dividing the schools, or removing them to
different localities, or authorising the governing bodies of boarding schools
to discontinue the boarding departments, or readjusting, extending, or
abolishing existing schemes of exhibitions or scholarships, or altering the
constitution of the governing bodies, or uniting two or more existing
governing bodies, or transferring endowments from one governing body to
another, or establishing new governing bodies with such powers as shall seem
necessary, and to insert in such schemes clauses incorporating the governing
bodies, whether old or new, or vesting endowments in any existing corporate
bodies in trust for such governing bodies.

A scheme may authorise any governing body to sell, demise, exchange, or
surrender a lease of any land, or to dispose of any other property vested in
them, and may give such directions in relation thereto, and for investing the
money arising therefrom, ....

Sales, demises, and exchanges of land, and the surrender of leases of land,
and other dealings with property, authorised by a scheme, shall have the like
effect and validity as if they had been authorised by the express terms of the
trust affecting the endowment to which they belong.

Act not to apply to certain endowments.

© 1885 Crown Copyright

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