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Recitals-
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| A. |
Jessie Leggatt late of Daylesford by her last will and testament
bequeathed the sum of £1,000 to the Chancellor and Council for
the time being of the University in trust to invest the same as
therein provided and directed the Chancellor for the time being
to nominate two or more persons (of whom the Chancellor might
be one) to be trustees of the said sum and of the stocks funds
or securities in which the same might be invested the annual income
whereof should be applied by the said trustees for the purpose
of founding a scholarship in the University to be called the "Jessie
Leggatt Scholarship" which scholarship should be held for two
years by persons between the ages of 16 and 23 who at an annual
examination of the University should in the opinion of the examiners
show the greatest knowledge in the subjects of Roman Law, the
Law of Obligations and the Law of Property.
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| B. |
The Chancellor accepted the trust, duly declared
his acceptance of it, and appointed trustees as directed by the
will and testament. |
| C |
On 31 October 1933 it was declared by
the Supreme Court of Victoria that in the opinion of the Court in
the events that had happened the trust provided by the will of the
above-mentioned Jessie Leggatt deceased could not be carried out
in the exact manner directed by the testatrix and that in the opinion
of the Court the intention of the testatrix could best be effectuated
by the adoption and carrying into effect of the following scheme.
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| D |
It was thereupon ordered by the Supreme Court that the said net
annual income should be held and applied by the trustees aforesaid
upon the following trusts-
- The net annual income arising from the said sum bequeathed
by the will of the said Jessie Leggatt deceased and from the
stocks funds or securities in which the same may be invested
shall be held and applied by the trustees thereof for the purpose
of founding in the University scholarships of such value as
the Council may determine which scholarships shall be called
the "Jessie Leggatt Scholarships" and shall be held by persons
between the ages of sixteen and twenty?three years who at the
annual examinations of the University shall in the opinion of
the examiners show the greatest knowledge in each of the subjects
entitled respectively Roman Law, the Law of Contract and Personal
Property, and the Law of Property in Land and Conveyancing or
in such other subjects under whatever name as in the opinion
of the Council may from time to time involve the study of the
three branches of law named by the testatrix that is to say
Roman Law, the Law of Obligations and the Law of Property.
- Should no candidate be adjudged of sufficient merit to be
entitled to any scholarship such scholarship not be awarded
and if any such scholarship be not awarded the amount of such
scholarship be added to the capital.
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| E |
The sum of £1,000 increased to $6,379
at 31 December 1994. |
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It is provided as follows-
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| 1 |
The sum of $6,379 and any accumulations and additions to the
sum forms a fund called the "Jessie Leggatt Scholarship Fund"
("the fund") and the fund must be paid into an investment pool
and remain there until the Council directs otherwise.
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| 2 |
- The subjects for which Jessie Leggatt Scholarships are to
be awarded are to be determined from time to time by the Council
on the recommendation of the dean of the faculty of Law, after
the dean's consultation with relevant staff. The Council must
be satisfied that the recommended subjects involve the study
of the three branches of law named by the testatrix namely,
Roman Law, the Law of Obligations and the Law of Property.
- Each scholarship is open for competition annually among candidates
between the ages of 16 and 23 years who are pursuing the course
for a degree and is awarded to the student placed first by the
examiners in the subject to which it appertains.
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| 3 |
The scholarships are respectively of
such value as the Council from time to time determines. |
