Ordinances to the 2009 Statutes (O8.3)

The following Ordinances were made at the College Meeting under the authority of Statute S2.3 on 3 March 2009.

O8.3 (1) The College shall maintain a list of Trust Funds, which shall be approved at each Audit Meeting. The list shall identify those funds whose purposes are for the support of students, those that are for the support of Fellows, and those that are for the support of other staff.
(2) The College shall have the power to pay into the Scholarships Trusts Fund the surplus income of any of the following endowments:
      The Attwater Fund (1935)
      The Browne Fund (1927)
      The Budd Fund (1966)
      The Frere Fund (1949)
      The Harris Fund (1928)
      The Kilby (Students) Fund (1925)
      The Mitchell Fund (1939)
      The Prince Fund (1928 and 1931)
      The Struben Fund (1928)
      The Wilson Fund (1946)
      The Ziegler Fund (1957)
(3) The surplus income from any other Trust Fund may be applied by the College for such purposes as the Society may decide by resolution at an Audit Meeting. In the case of funds whose purposes are listed as being for the support of students or Fellows, the Society shall apply any surplus for those same purposes.
(4) In this Ordinance, ‘surplus income’, in relation to any endowment, means income which in any year is unexpended after the purposes of the endowment, as defined in the list mentioned in (1) above, have been fully provided for in that year. The Treasurer shall ensure that, so far as possible, the capital value of any trust fund is maintained.