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R7.81 - EDWARD CLARENCE DYASON FUND
Recitals-
- Edward Clarence Evelyn Dyason, a notable humanist, philanthropist
and engineer in the city of Melbourne, by his will dated 15 October
1947 bequeathed to the University one?half of his residuary estate,
for the advancement of education.
- The University received the sum of $149,800, which sum increased
to $340,892 at 31 December 1994.
It is provided as follows-
- The sum of $340,892 and any accumulations
or additions to the sum forms a fund called the "Edward Clarence Dyason
Fund" ("the fund") and must be paid into an investment pool and remain
there until the Council directs otherwise..
- The net income from the fund must
be applied from time to time by the Council to provide a visiting
fellowship.
- (1) The fellowship, to be styled 'The Dyason
Fellowship", and its title, must include such additions as may from
time to time be appropriate to describe the subject to which such
fellowship relates.
(2) The fellow is eligible for re-appointment but must not hold office
for more than five years unless the Council by an absolute majority
resolves otherwise.
- The fellows are to be appointed from time to time by the Council
on such terms and conditions as Council determines on the recommendation
of the Dyason Fellowship Committee ("the committee").
- Membership of the committee is to be determined from time to time
by the Council.
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The Council may at any time direct that the whole of the capital
of the fund or any part thereof be resorted to for the purpose or
purposes stated above.
[s. 6 made 5/7/99, Edit. am. 17/9/99.]
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