What such accounts must show. Provision for transfer of property sold. And each such Annual Account shall shew, among other things-- 1. The number of acres of land originally granted for the endowment of the said University, or of the said Upper Canada College and Royal Grammar School; 2. The number of acres sold, and at what rate; 3. The total amount of sales; 4. The amount received on account thereof, and the amount due; 5. The amount of Capital invested, and the amount expended to the end of the preceding year; 6. The amount received, and a detailed account of the amount expended for the preceding year, in salaries, contingent expenses and buildings, specifying the duties of the persons receiving such salaries, and the purposes of such buildings. 16 V. c. 89, s. 47. DEEDS OF CONVEYANCE. 73. And in order to facilitate the transfer and conveyance facilitating the of the property so as aforesaid vested in Her Majesty, the Governor may from time to time issue a Commission, under the Great Seal, to the Bursar of the University and Colleges at Toronto, authorizing the said Bursar under his hand and seal of office, to transfer and convey any of such property to pur chasers and others entitled to receive conveyances thereof; and all such transfers and conveyances may be made according to the form in the Schedule to this Act, or in words to the like effect; and the same shall to all intents and purposes grant, transfer and convey the lands therein set forth, to the parties therein specified, according to the quality of the estate and the conditions and provisions therein mentioned, in the same manner and with the like effect, as if the same had been directly granted by the Crown under the provisions of this Act; but nothing herein contained shall prevent the Crown from granting such lands directly. 16 V. c. 89, s. 48. Transfers to be 74. All such transfers and conveyances shall be registered registered, &c. in the Registry Office of the County in which the lands are situate, in like manner and subject to the same provisions of law as conveyances from and to private parties. 16 V. c. 89, s. 48. General incame Fund constituted. GENERAL INCOME FUND. 75. The fees received for tuition, examination, degrees, certificates of honor or otherwise, in the said University of Toronto, in University College, and in Upper Canada College and Royal Grammar School, or such part thereof as may be payable into the general funds thereof, the rents, issues and profits profits of all such property as aforesaid, and all the interest on the purchase money of any part of such property sold and not wholly paid for, or on moneys arising from the sale of any such property and invested at interest, and all other casual and periodical incomings, including any donations or subscriptions touching which it has not been otherwise ordered by the Donors, shall be deemed Income for the purposes of this Act, and shall form the General Income Fund, and may be expended for the purposes and under the authority of this Act. 16 V. c. 89, s. 49. Fund. 76. The purchase money of any such property sold, and the Permanent principal of any money invested, shall be deemed permanent property, and shall not (except only in the case hereinafter provided for) be expended or diminished in any way, but shall remain as a Permanent Fund for the support of the said Institutions and the purposes of this Act. 16 V. c. 89, s. 49. 77. That part of the said General Income Fund which is Income Fund derived from property heretofore vested in the Corporation of of U. C. College and grammar Upper Canada College and Royal Grammar School, or from School. other property held for the use of, or from fees received in the said. College and Grammar School and payable into the general funds thereof, shall be applied to defray the current expenses of the said Institution only, and shall form the special Income Fund thereof, and shall be applied under the direction of the Governor in Council, to defray the current expenses of the said College and Grammar School and those to be incurred in the management of the endowment and funds thereof and the maintenance and repairs of property assigned for its use, and the surplus, if any, after defraying all charges thereon, shall form part of the Permanent Fund aforesaid, and shall be invested in such manner as the Governor in Council may direct; and all moneys Permanent forming part of the said Permanent Fund and arising from such fund of the surplus as aforesaid, or from property heretofore vested in the said Corporation, shall be permanently appropriated to the support of the said Upper Canada College and Royal Grammar School. 16 V. c. 89, s. 50. same. charges paya 78. Out of the remainder of the General Income Fund, University In(which remainder shall be called the University Income Fund,) come Fund and after paying the charges of management, the Governor in ble out of it. Council may appropriate yearly, the sum required to defray the current expenses of the said University of Toronto, including Scholarships, Rewards and Prizes, and to defray the current expenses of University College; including in both cases the care, maintenance and ordinary repairs of the property assigned for the use of the said University or College, and with power to the Governor in Council to decide what shall be deemed ordinary repairs as distinguished from permanent improvements. 16 V. c. 89, s. 51. In what man tions out of the said funds may be made. 79. In making such appropriations for the current expenses ner appropria- of the said University, or of University College, or of Upper Canada Royal College and Grammar School, the Governor in Council may either direct the particular purposes to which the whole or any part of the sum appropriated shall be applied, or place the whole or any part of such sum at the disposal of the Senate of the said University or of the Council of the said College, to be applied under the provisions of Statutes in that behalf, approved as aforesaid. Sums may be placed at dis posal of a committee by sta tutes of the Council. Surplus how to be appropriated. Expenses of Bursar's office how paid. Portions of pro signed for use of the said Institutions. 80. By such Statutes the said Senate or Council may place any sums at the disposal of any Committee, or persons, to be applied by them according to the directions of such Statutes, or in their discretion, to purposes to be therein named. c. 89, s. 52. 16 V. 81. Any surplus of the said University Income Fund remaining at the end of any year after defraying the expenses payable out of the same, shall constitute a Fund to be from time to time appropriated by Parliament for Academical Education in Upper Canada. 16 V. c. 89, s. 54. CONTINGENT EXPENSES. 82. The expenses of the Bursar's office and the management of the property aforesaid shall be paid out of the said General Income Fund herein before mentioned, and shall be the first charge thereon, and the Governor in Council shall from time to time determine what share thereof shall be paid out of that portion of the said Fund belonging to Upper Canada College and Royal Grammar School. 16 V. c. 89, s. 55. 83. The Governor in Council shal! from time to time assign perty to be as for the use and purposes of the said University, of the said University College, and of Upper Canada College and Royal Grammar School, respectively, such portions of the property vested in the Crown as aforesaid, as may be necessary for the convenient accommodation and business of the said Institutions respectively; and the property so assigned for the use of each shall be deemed to be in the legal possession and under the control of the Senate or Council of such Institution. 16 V. c. 89, s. 56. Governor in Council may authorize improvements. IMPROVEMENT OF BUILDINGS. 84. The Governor in Council may authorize such permanent improvements or additions to the buildings on the said property as may be necessary for the purposes of the said Institutions respectively, and may direct the cost thereof to be paid out of that part of the Permanent Fund aforesaid hereby made applicable to the support of the Institution for the purposes of which the improvement or addition is made. 16 V. c. 89, s. 57. 85. For all the purposes of this Act, and of all accounts to Fiscal year. be kept and payments or expenditure to be made under it, the fiscal year shall coincide with the calendar year. 8. 58. SCHEDULE. To all to whom these presents shall come : 16 V. c. 89, Whereas A. B. of is entitled to receive a conveyance of the lands hereinafter mentioned, which lands are part of certain property vested in Her Majesty, in trust for the purposes of the University of Toronto, University College, and Upper Canada College and Royal Grammar School; And whereas under the provisions of the Statute relating to such University, College and Royal Grammar School, C. D. of the Bursar of the said University of, and Colleges at Toronto, has been authorized by a Commission under the Great Seal of this Province to transfer and convey any of the property aforesaid to purchasers and others entitled to receive conveyances thereof: Now these presents witness that the said C. D., as such Bursar, under and by virtue of the said Commission and the Statute, in that behalf and in consideration of the sum of paid therefor by the said A. B., hereby grants, transfers and conveys to the said A. B., his heirs and assigns for ever (or as the case may be), all that certain parcel or tract of land, being lot, &c. (as the case may be), which said land is bounded or may be known as follows, &c. (describe the land by ils boundaries, and insert any reservations, conditions or provisos). In witness whereof the said C. D., as Bursar aforesaid, has hereunto set his hand and affixed the seal of his office, this day, &c. An Act respecting Grammar Schools. HER Majesty, by and with the advice and consent of the follows: 1. There shall be one or more Grammar Schoo's in Name of each each County and Union of Counties in Upper Canada to be Grammar distinguished by prefixing to the term " County" the name of the City, Town or Village within the limits of which it may be situate. 47 G. 3, c. 6, s. 2,---16 V. c. 186, s. 12. School. 2. The Grammar School of the County or Union of Which shall be Counties situate at the County Town of any County or Union the Senior Canada, shall be the Senior County of Counties in Upper Grammar School. Where such situated. Grammar School of such County or Union of Counties, and if the Assizes for any of such Counties or Union of Counties are usually held in a City, such City for the purposes of this Act shall be considered a County Town. 16 V. c. 186, s. 13. 3. All other Grammar Schools established, on or before the School shall be first January, one thousand eight hundred and fifty-four, shall be continued at the places where they are respectively held; but the Board of Trustees of each of the said Schools may change the place of holding such School by a resolution to be passed for that purpose and approved of by the Governor in Council; and the place of holding any Grammar School established since the first January, one thousand eight hundred and fifty-four, may be changed by the County Council of the County within which it is established. 16 V. c. 186, s. 15. Investment of Special grant to Senior Schools. Annual income ed. 4. All moneys arising from the sale of lands at any time set apart for the encouragement of Grammar Schools in Upper Canada, and not specially granted to or vested in or for the benefit of any particular College, Grammar School, or other Seminary or place of Education, or otherwise departed with by the Crown, and all annual grants which have been or may, after this Act takes effect, be made by Parliament, or which may be otherwise available from any other sources for that purpose, shall form a fund to be called The Upper Canada Grammar School Fund, and shall be invested in Government or other securities by the direction of the Governor in Council. 16 V. c. 186, s. 1. 5. Out of the annual income of such Fund, the sum of four hundred dollars shall be appropriated for the teacher of the Senior Grammar School in each County, (unless the average number of scholars be under ten) and if the average number of scholars be under ten, then the sum of two hundred dollars shall be so appropriated. 59 G. 3, c. 4, ss. 2, 11,---16 V. c. 186, s. 1. 6. After deducting such yearly sum of four hundred dollars or to be distribut- two hundred dollars appropriated for each senior Grammar School as aforesaid, the Chief Superintendent of Education shall annually apportion the residue of such annual income to the several Counties and Unions of Counties in Upper Canada, according to the ratio of population in each County and Union of Counties as compared with the population of Upper Canada. 16 V. c. 186, s. 1. Basis. Defective census provided against. 7. If in case of a defective census, the Superintendent thinks it expedient, he may, with the approbation of the Governor in Council, apportion such residue according to the best evidence which he can obtain of the relative proportions of such population, having respect to an equitable apportionment thereof according to the said ratio of population. 16 V. c. 186, s. 1. |