GOVERNMENT OF KERALA

General Education (S) Department

NOTIFICATION

No. 65692/S1/11/G. Edn.

Dated, Thiruvananthapuram, 29th August 2013.

The following draft of the vesting order and scheme, which the

Government of Kerala propose to issue and settle in exercise of the powers

conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the

Charitable Endowments Act, 1890 (Central Act 6 of 1890), is hereby published as

required by rule 3 of the Charitable Endowments (Kerala) Rules, 1966, for the

information of all persons likely to be affected thereby.

Notice is hereby given that the said draft will be taken up for

consideration on or after the sixtieth day from the date of publication of this

notification and that any objection or suggesion which may be received from

any person with respect to the said draft before the expiry of the period

specified above will be considered by the Government. Objections and

suggestions, if any, shall be addressed to the Secretary to Government of

Kerala, General Education (S) Department, Government Secretariat,

Thiruvananthapuram-1.

Kerala Gazette No. 38 dated 24th September 2013.

PART I

2

Draft Vesting Order

In exercise of the powers conferred by sub-section (1) of section 4 of the

Charitable Endowments Act, 1890 (Central Act 6 of 1890), the Government of

Kerala hereby order that the property specified in column (2) of the Schedule

appended herewith belonging to the Endowment mentioned in column (1) thereof,

shall be vested with the Treasurer of Charitable Endowments, Kerala and under

sub-sections (1) and (3) of section 5 of the said Act, the Government of Kerala

hereby settle the following scheme for the administration of the said property

and appoint the date of publication of the final notification to be the date on

which the said Scheme shall come into operation, namely :—

Draft Scheme

1.

This Endowment may be called “Fr. Manuel Memorial Endowment”

2.

The corpus of the Endowment shall consist of ` 10,000 (Rupees Ten

thousand only) and shall be vested with the Treasurer of Charitable

Endowments, Kerala.

3.

The corpus of the Endowment shall be invested in any long term

securities of the Government of India or the Government of Kerala or in

any of the securities approved by the Government of Kerala.

4.

The Headmaster/Headmistress of the St. John’s Higher Secondary

School, Undancode shall be the Administrator of the fund.

5.

The annual interest accruing on the fund shall be utilised during the

succeeding year for awarding a prize to a student of the St. John’s

Higher Secondary School, Undancode who has passed the S. S. L. C.

Examination conducted during the previous year in the first attempt by

securing the Highest number of marks.

6. The prize shall be awarded on the occasion of the School Day

Celebration or in any other suitable occasion in the academic year itself

as decided by the Administrator and thereafter the fact of such award

with relevant particulars shall be published in the notice board of the

school for information of the public.

7.

If in any year, more than one student is found eligible for the prize by

securing the same number of marks, then the amount of the prize shall

be equally divided among them.

3

8.

The requisition for payment of annual interest shall be sent by the

Administrator at any time not later than two months prior to the date

fixed for the award of the prize and the Treasurer of Charitable

Endowments shall thereupon arrange to place the annual interest at the

disposal of the Administrator.

9.

If, in any year, the interest is not utilised as provided in clause 5 above,

or if the prize is not awarded owing to the non availability of a suitable

candidate or for any other reason or if any surplus is left after

awarding the prize, such amount shall be added on to the corpus of the

fund by the Treasurer of Charitable Endowments unless its payment is

allowed by the Treasurer in exceptional cases on the specific

recommendation of the controlling authority specified in clause 10 of

the Scheme.

10. If any doubt or dispute arises regarding the meaning or interpretation of

the provisions of the Scheme, it shall be referred to the Director of

Public Instruction, whose decision thereon shall be final.

SCHEDULE

Name of Endowment

Details of Property

(1)

(2)

“Fr. Manuel Memorial Endowment”

` 10,000

(Rupees Ten thousand only)

By order of the Governor,

DR. K. ELLANGOVAN,

Secretary to Government.