Lecture On Jainism

Author(s): Lala Banarasidas
Publisher: Anuvrat Samiti

Page 344

after his decease the elder living scion of Sheth Hinchand Guman. ji shall be appointed the Chairman of the trustees. That the Chairman of the trustees shall also be the President of the Managing Committee upless he resigns. During the temporary alence of the Chairman the trustees may appoint any one of themselves to act as chairman for the time being. Provided always and it is hereby lastly declared that if the trustees hereby appointed or to be appointedas hereinafter mentioned or any of them shall happen to die', cutie tinue to reside abroad for the space of more than twelve calendarmonths or shall become a bankrupt or take the benefit of any act for the relief vf insolvant debtors or be desirous of Iming discharued from disclaim neglect refuse to act or become incapable of acting in the trusts hereinbefore declared before the same shall be fully performed and then and in such case and 4 otten as the sarne shall happen it shall be lawful for the waist Pinachan lirachand, Manekchaud Ilirachand, Navalchand Hiruchan and Premchand Motichand, during their joint lives and after the decease of any of them for the survivor and after the decense of such sursivor furthe surviving or continuing trustees or trustce of these presents for the time being or the executors, administrators of the lart surviving or continuing trustee lov any deed or instrument in writing from time to time to substitute or appoint within three months at the most any persons or pers in the stear or place of such trustees or trustee no Jving routimuing to reside abroad becoming bankrupt or insolvent, desirous to be discharged, Tisclaiming, neglecting or refusing to act or becoming incapable of acting as aforesaid and immediately therenpon all the aforesaid trust estate and premises shall be forth-with culveved assigned and assured so and in such manner is that the same may tecoine legally and effectually vested in such new trustet ur trustees either jointly with the vurviviug or continuing trustees or trustee or solely as the case may be to the uses, upon the trust and to the ends intents and purposes hereinlefore limited and declared or such of thein as shall be then snbsisting undetermined and capable of takiny effect and every instrument expressed to be made in pursuance of the aforesaid power and not appearing on the face of it to be invalid shall although not go male be valid and effectual for all purposes other than the exoneration of the parties to the making thereof trom responsibilities and that every