Deed of Trust (for Public and Charitable Purposes) where Authors appoint themselves as Trustees by Shiva.

Deed of Trust (for Public and Charitable Purposes) where
Authors appoint themselves as Trustees

THIS DECLARATION OF TRUST is made by—

(i)   A.B., aged . . . . . . .years.

(ii)   B.C., aged, . . . . . . .years, and

(iii)   C.D., aged . . . . . . .years, sons of the late Shri . . . . . . , residents of . . . . . . ., in the city of . . . . . . ., this the . . . . . day of . . . . . . .in the year, 20 . . . . . . .

WHEREAS we are in possession and ownership of the properties listed and detailed in the Schedule attached and made part of this deed and that the said properties are free of all encumbrances, charges and liens, whatsoever;

AND WHEREAS we have no child or children, nor any wife or wives living and have enough income independent of the said properties; AND WHEREAS it is our desire to declare the said properties listed and detailed in the Schedule as trust properties for the properties essentially public and charitable.

NOW, THEREFORE, THIS DEED WITNESSES that we, the said A.B., B. C. and C.D., do hereby declare that the properties mentioned and detailed in the Schedule hereto are trust properties, whereof the first trustees are the executants, the said A.B., B.C. and C.D., who as trustees have been put in possession of the said properties and shall as such trustees own, possess and manage the same and carry out the purposes of the trust within the ambit and power or authority vested by virtue of these presents.

The trust herein declared shall be for public and charitable purposes and shall, inter alia, carry out the undernoted objects, viz., . . . . . . . (here give the detail of objects and purposes of the trust).

In order to enable the trustees to satisfactorily carry out the trust hereinbefore declared, we authorise and empower the trustees to do all acts, deeds and things reasonable and proper for the realisation, maintenance, protection and benefits of the trust. Should, however, it be necessary for the trustees to sell any trust property, such discretion shall be exercised with the greatest of reluctance and caution and only if it is absolutely for the benefit of the Trust and on a resolution being passed unanimously by all the then trustees. All trust monies whether realised as income or as capital on sale of any trust property shall be reinvested only in government securities or . . . . . . .

We hereby authorise the said trustees, the survivor or survivors of them and other trustee or trustees for the time being appointed under these presents to exercise the power and duties herein conferred or imposed and further direct that whenever a vacancy happens in the body of trustees (which shall always be maintained at three) by any reason whatsoever, a new trustee shall be appointed in his place by the survivor or survivors and every such appointment shall be made in writing by the trustee or trustees then so acting at a meeting called for the purpose.

AS WITNESS our hands, we the said A.B., B.C. and C.D. have executed this deed on the day and the year first abovewritten in the presence of the witnesses, whom we now call upon to sign as witnesses.

Witnesses:                                                                    Sd. A.B.

1.                                                                               Sd. B.C.

2.                                                                               Sd. C.D.

Executants and First Trustees.

SCHEDULE OF PROPERTY (with valuation)

Disclaimer:

The information contains in this web-site is prepared for educational purpose. This site may be used by the students, faculties, independent learners and the learned advocates of all over the world. Researchers all over the world have the access to upload their writes up in this site. In consideration of the people’s participation in the Web Page, the individual, group, organization, business, spectator, or other, does hereby release and forever discharge the Lawyers & Jurists, and its officers, board, and employees, jointly and severally from any and all actions, causes of actions, claims and demands for, upon or by reason of any damage, loss or injury, which hereafter may be sustained by participating their work in the Web Page. This release extends and applies to, and also covers and includes, all unknown, unforeseen, unanticipated and unsuspected injuries, damages, loss and liability and the consequences thereof, as well as those now disclosed and known to exist.  The provisions of any state’s law providing substance that releases shall not extend to claims, demands, injuries, or damages which are known or unsuspected to exist at this time, to the person executing such release, are hereby expressly waived. However the Lawyers & Jurists makes no warranty expressed or implied or assumes any legal liability or responsibility for the accuracy, completeness or usefulness of any information, apparatus, product or process disclosed or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product process or service by trade name, trade mark, manufacturer or otherwise, does not necessarily constitute or imply its endorsement, recommendation or favouring by the Lawyers & Jurists. The views and opinions of the authors expressed in the Web site do not necessarily state or reflect those of the Lawyers & Jurists. Above all, if there is any complaint drop by any independent user to the admin for any contents of this site, the Lawyers & Jurists would remove this immediately from its site.