Thi,soction wassubstituted by section3 of thoTanjore Chattram — TAMIL NADUJ ACT NO. VIII OF 1942.2

4 Thi,soction wassubstituted by section3 of thoTanjore Chattram d(Uilii) AdlLYSS(I'i1 dAXI y Endowments (Utilization) Atnondnlent Act, LYSS(I'ami1 Nadu Act XI of 1955) for tlle original saction 2, as amended by f 1949 Madras Act Xi ) of 1949. I Q-. '-"s.3. G. and conditions, if any, as may be il&. '..ed by the State Government- (a) contribute from the income derived from the s3id endowmen1 s towards the expenditure incurred in the maintenance of- (i) the institutions specified in the Schedule, and (ii) such other institutions as may be notified in this behalf by the State Government ; (b) appropriate or divert a sum of four lakhs, ninety-four thousand and five hundred rupees from the funds of the said elldowments for the purpose of the establishment or* maintenance of a first-grade college at Tanjore and invest and keep invested the said sum in sec~lrities issued or guaranteed by the State Government ; and (c) con~rib.lte from the interest derived from the investment aforesaid a sum of fiftcen thousand rupees annually for the purpose of the estabiishmerit or n~ailltenaiico of the said first-grade College at Tanjorc. Thc corpls of lhe inveqtment referred to in clausl: (b) of sub-st ction (1) shall be held in trust for the purposes of th: said college in the joint names of three tri~stees, llan~ely, the Tanjore Distri1.t Board, the University of Madras and the managing body of the said collegc: ; but the District Board alori~ shall be co~npete~lt todraw or deal with the interest derived from the investment. The Distrizt Board or other authority or perso11 referred to in sub-sec~iotl(1) may also lease out :my land or building belong~ng to the said Endowments, for a ycriod not exceeding three years at C 2'- ; ,j; piy p p ; p Ill: 1 , [I 1 I I Validation of consrributions already made. '[3 '( Enrlonme 8' A All iontriburiom made hcfoir the cornmen ent of this Act from the fu-ds of the said Endowments towards the mainiennncc of 31the institutions npecified in the Scheilule] ,hall be deemed to have been properly made and the validity thereof shall not be questioned in any Court of Law. '[ THE SCHEDULE. Erlucationnl Titstitrttions.

Section 4