Charitable objects
ENDOWMENTS OF A SCHOLARSHIP THE EMOLUMENTS OF WHICH SHALL BE AWARDED AS THE SENATE OF THE UNIVERSITY SHALL JUDGE BEST, TO A STUDENT OF THE UNIVERSITY WHO IS NORMALLY RESIDENT IN THE EAST MIDLAND AREA (SO HOWEVER THAT IN THE AEARD OF BENEFITS A FIRST PREFERENCE SHALL BE ACCODED, OTHERTHINGS BEING EQUAL, TO A CANDIDATE WHO IS EITHER A NATIVE OF, OR WAS EDUCATION AT SCHOOL LOCATED I THE CITY OF LINCOLN) TO ASSIST HIM IN PURSUING AN APPROVED COURSE OF STUDY AT OR UNDER THE AUSPICES OF THE UNIVERSITY.