The net amount of rents to be divided equally between the two cities, to be applied as follows: 1. An annuity for forty years of one eighth part, or twelve and a half per cent of the net yearly revenue of rents of the whole of the estate, to the American Colonization Society, provided the sum does not exceed twenty-five thousand dollars a year. 2. For an asylum for the poor of both sexes, of all ages and castes of color, where they may be sheltered, clothed, fed, and taken care of, made useful according to their respective degrees of health, strength, and capacity, and mendicity thereby be banished from the streets of the cities, he gives one eighth, or twelve and a half per cent of the net revenue of rents, until the sum shall reach six hundred thousand dollars, when it shall cease. This legacy is to be received by commissioners appointed by the corporations, who, as they receive, shall invest the amount in bank stocks or other good securities, on landed estate on interest, so as to augment the amount thereof by the accumulation of interest to the largest possible amount up to the time when the last of the annuity shall be received, when the commissioners shall proceed to take such part of said sum, not to exceed one third of the whole of principal and interest, and invest in the purchase of real estate and buildings, furniture, etc., essential for the asylum; the residue to be invested in real estate, which is never to be sold, but always rented out for the support of the asylum. The locality and character of the buildings are particularly described. It is recommended that the persons who shall reside in this asylum be employed in the cultivation of the mulberry-trees, (this was during the _morus multicaulis_ mania.) 3. For the Orphan Boys' Asylum in New-Orleans--an existing institution--one eighth, or twelve and a half per cent of the net yearly revenue of rents. This annuity is to be set aside and deposited in some bank-paying interest, until it reaches four hundred thousand dollars, when it shall cease. This fund as it accumulates is to be invested in real estate, which is never to be sold, but rented out, and the rents devoted to the charity.