Paragraph 5 Transfer of specific interests in educational endowments from Grampian Regional Council to Moray Council

(1)

On 1st April 1996 the following educational endowments vested in Grampian Regional Council immediately before that date shall be transferred to and vest in Moray Council:—

(a)

the endowments comprised in the Moray and Nairn Educational Trust, governed by the Moray and Nairn Educational Trust Scheme 1935^f1;

(b)

the endowments of Milne’s Institution Trust, governed by the Grampian Regional Council Milne’s Institution Trust Scheme 1991^f2; and

(c)

the endowments listed in Part III of Schedule 1.

(2)

On 1st April 1996 the following powers vested in Grampian Regional Council immediately before that date shall be transferred to and vest in Moray Council:—

(a)

all powers under the Moray and Nairn Educational Trust Scheme 1935;

(b)

all powers under the Grampian Regional Council Milne’s Institution Trust Scheme 1991; and

(c)

all powers with respect to the endowments listed in Part III of Schedule 1.

(3)

On 1st April 1996 the rights to be paid money under sections 3 and 4 of the Moray and Nairn Educational Trust Scheme 1955 vested in Grampian Regional Council immediately before that date shall be transferred to and vest in Moray Council.

Annotations

Footnotes

f1: Approved by Order in Council dated 8 June 1937, amended by S.I. 1982/73.
f2: Made on 5th July 1991.