Paragraph 7 Transfer of interests in educational endowments from district councils to new authorities
Where immediately before 1st April 1996 there were vested in Aberdeen, Banff and Buchan, Gordon, Kincardine and Deeside or Moray District Council—
to any extent, any educational endowments;
any powers with respect to educational endowments;
any rights to be paid money out of educational endowments,
then, subject to paragraph 8 and Schedule 2, and to paragraph 9 and Schedule 3, such educational endowments shall to the same extent, and such powers and rights shall, on that date be transferred to and vest in the successor authority.
Where immediately before 1st April 1996 there were vested by virtue of his office in the holder of an office connected with Aberdeen, Banff and Buchan, Gordon, Kincardine and Deeside or Moray District Council, or in a person nominated by that Council—
to any extent, any educational endowments;
any powers with respect to educational endowments,
then, subject to paragraph 8 and Schedule 2, and to paragraph 9 and Schedule 3, such educational endowments shall to the same extent, and such powers shall, on that date be transferred to and vest in—
in the case where they were vested by virtue of his office in a councillor, or in the holder of a specified office held by a councillor, a councillor of the successor authority nominated by that authority for the purpose;
in the case where they were vested by virtue of his office in an officer of the relevant district council, the proper officer of the successor authority;
in the case where they were vested in a person nominated by the relevant district council, a person nominated by the successor authority.
In this paragraph, “the successor authority” means—
in relation to Aberdeen District Council, Aberdeen City Council;
in relation to Banff and Buchan, Gordon or Kincardine and Deeside District Council, Aberdeenshire Council;
in relation to Moray District Council, Moray Council.