Gift of Property for a Specified Purpose by Shiva.

Gift of Property for a Specified Purpose

THIS GIFT is made the . . . . . . . day of . . . . . . ., 20. . . . . . ., BETWEEN (as in Precedent No. 2).

WHEREAS the Donee is the manager duly constituted of the . . . . . . School and has requested the Donor to transfer to the said School the plot of land measuring . . . . . . .square feet lying at the back of the said school for the purpose of the same being used by the school as a sports field.

AND WHEREAS the Donor has agreed to transfer to the Donee the said plot of open land more specifically described in the Schedule hereto and coloured red on the map attached and made part of this deed without any consideration:

NOW, THEREFORE, THIS DEED WITNESSES that in pursuance of the said agreement and in consideration of the purpose for which the open land is needed by the Donee, the said A.B. as beneficial owner does hereby transfer by way of gift to the said C.D. and his successor in the office of the manager of the said school, ALL THAT piece of land more specifically described in the Schedule hereto and coloured red on the map attached and of the value of Rupees . . . . . . .(Rs . . . . . . .) only: TO HOLD the same unto the said Donee or his successor-in-office as long as the property hereby transferred  shall be used for the purpose of a sports field for the said school or any other school to which the said school may be merged or made part of AND the Donee does hereby accept the gift subject to the condition that if the Donee or his successors-in-office cease to use the said property for the use and benefit of the said School, as provided, this gift shall be revoked and the said property shall revert to the Donor.

IN WITNESS WHEREOF the said A.B. (Donor) and said C.D. (Donee) have hereto signed at . . . . . . . . . . . . . . the day and the year first above written.

Witnesses:

1.                                                                                 Sd. A.B.

Donor.

2.                                                                                 Sd. C.D.

Donee.

The Schedule above referred to.

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