Forth Valley Medical Benevolent TrustRegistered

The Fund before mentioned to be known as 'The Forth Valley Medical Benevolent Trust' which is hereinafter referred to as 'the Trust Fund') in trust for the following purposes:- (FIRST) to pay or apply the annual income of the Trust Funds (One) to or for such charities for the benefit of Medical Practitioners or their widows and dependant as the Trustees shall from time to time in their absolute discretion determine (Two) by making charitable grants to such Medical Practitioners or their widows and dependants who shall appear to the Trustees in their sole discretion to be necessitous and deserving, and/or (Three) for the purpose or furthering and advancing medical education and research in the United Kingdom or Great Britain and Northern Ireland in such manner as the Trustees shall from time to time in their absolute discretion determine. and (SECOND) to pay or apply any part or parts of the whole capital of the Trust Fund in the absolute discretion of the Trustees if they shall so think fit in any manner in which the Trustees are authorised to pay or apply the income thereof.