The abbey was founded by King David I., with the consent of his eldest son, Prince Henry. The foundation charter is without date, but it probably belongs to the year 1147.[81] It appears to have been the original intention to call the abbey by the name of St. Mary, Stirling, as in the first charter it is by this name that the lands and fishings of Cambuskenneth are granted, and in all the early charters during the time of the first three abbots it is so designated. In 1201, as appears from two bulls by Pope Innocent III., the name was changed to St. Mary, Cambuskenneth. The abbey was a house of the Canons Regular of St. Augustine, brought from Aroise Abbey, in the French province of Artois. The monastery was richly endowed. In 1445 the establishment consisted of the abbot, the prior, and seventeen monks. Many of the abbots were distinguished men, and were much employed as statesmen and Ambassadors. About one hundred years after the above date of 1201 the abbey was in a distressful condition, owing to losses which it had suffered “by the wars which had for a long time raged in those parts, and by the conduct of certain sons of iniquity, who had seized and carried off the chalices, books, and the rest of the ornaments of the altar and other goods belonging to the abbey, and through the destruction of the bell tower by lightning, which had so reduced their circumstances that they were totally unable to repair the choir of the abbey, which was going to ruin.”[82] The abbot and convent appealed to Clement V., and, by a bull dated 15th September 1306, he conferred on the convent, by way of compensation, the perpetual vicarage of the Parish Church of Clackmannan. Probably it is to about this time that we may assign the erection of the tower, and that it should be constructed so as to form a place of strength, as suggested above, seems natural from the foregoing narrative. During the time of Abbot Mylne (1517-48) the great altar and chapter house were rebuilt, and two new cemeteries were formed. These were consecrated and dedicated, on 11th July 1521, by James, Bishop of Dunblane. Regarding the existence of a previous chapter house there is ample evidence, but the circumstances which required a new one to be built are not known. During the time of Adam Erskine as commendator (1562-1608), his chief, John, Earl of Mar, Lord Erskine, built his palace in the High Street of Stirling, and the tradition is that he used the carved stones of the abbey for this purpose. There is no evidence in support of this, and we do not think there is anything in the circumstances to confirm it. We have already referred to the matter at some length.[83] The Abbey of Cambuskenneth figured prominently in many events of national importance. James III. and his queen, Margaret of Denmark, were here interred before the high altar, and their remains were found in the excavations of 1864, and were reinterred, a stone altar-monument being erected over them by Queen Victoria.