Peter Forbes Trust

Constitutional objectives

Fifthly I do hereby declare that it is my wish and desire (as it has, for a long time, been my humble ambition) and I appoint my said Trustees to found or establish a permanent bursary or bursaries or annual payment or payments not exceeding the sum of Thirty pounds sterling each per annum to be applied and devoted by my said Trustees for or towards the outfit maintenance or education of one or more students for the office of the priesthood of the Roman Catholic Church in the Western District of Scotland or the District or Division in which Glasgow may be for the time situated, during or on account of their first year’s studies exclusively and that in such manner, by such means and in terms of such schemes or regulations which my said Trustees are hereby authorised from time to time to frame for regulating the constitution and management of the said Bursaries or payments as my said Trustees shall deem expedient and which bursary or busaries shall be denominated by such name or title as any said Trustees shall decide. And lastly, I appoint my said Trustees to hold the residue and remainder (if any) of my said estate heritable and irrevocable in Trust and to apply the same with the rents interest profits and proceeds thereof for behoof of the religious educational and charitable purposes all or any of them of or in connection with the said Roman Catholic Congregation of St Mary’s and of the other Roman Catholic Congregations in the same district or division under the control of the Roman Catholic Archbishop or Administrator or Vicar Apostolic for the time of said District, or of such said Congregations and in such proportions as my said Trustees shall from time to time think proper.