Charitable objects
THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME , AND ALL OR SUCH PART OR PARTS OF THE CAPITAL, AT SUCH TIME OR TIMES AND IN SUCH MANNER, TO OR FOR THE PROMOTION OF EDUCATION AND, IN PARTICULAR, THE CREATION OF SCHOLARSHIPS OR BURSARIES OR PRIZES TO BE AWARDED TO PUPILS AT MILTON ABBEY SCHOOL.
2. THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL, AT SUCH TIME OR TIMES AND IN SUCH MANNER, TO OR FOR THE BENEFIT OF SUCH EXCLUSIVELY CHARITABLE PURPOSES AND OBJECTS IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT.
