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The Chancellor's Literary and Artistic Fund
The Chancellor's Literary and Artistic Fund has been established
to enable the University to purchase literary and artistic works.
The rules relating to the fund are published below.
- There shall be a charitable fund for the purposes of the University,
to be known as the Chancellor's Literary and Artistic Fund.
- The trustees of the fund shall be the Chancellor, the Vice-Chancellor
and the Registrar or their respective nominees. A nominee shall
hold office during the pleasure of the officer who nominated him
or the successor of that officer.
- The assets of the fund shall consist of such gifts whether of
moneys, securities, or real or personal property of any kind,
as the trustees may from time to time accept and of the investments
from time to time representing the same.
- Subject to any special trusts attaching to any particular gift
or gifts made to the fund the trustees may retain or convert into
money any assets of the fund not already consisting of money and
may invest any moneys requiring investment in interest-bearing
investments (whether of an authorised trustee character or not)
or in shares in public companies, with power at any time to vary
or transpose investments.
- The income which shall arise from the investments may be accumulated,
or may in the sole discretion of the Chancellor be whole or partly
expended in the purchase or publication of books, or other printed
or written material, or in the commissioning or purchase of works
of art of any kind. Anything so acquired shall be the property
of the University. There shall be power to resort to capital if
the Chancellor shall in any case so direct.
- It shall be a governing intent in the acquisition of any such
things as are mentioned in paragraph 5 that any thing so acquired
would not in the opinion of the Chancellor have been at that time
purchased, published or commissioned out of the general funds
of the University.
- The Chancellor may appoint an advisory panel to assist him/her
in executing the purpose of the fund, and the respective members
of the panel shall hold office during his/her pleasure.
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