And We do further by these presents, for Us, Our Heirs and Successors,
will, ordain and grant, to the said Governors, Principal and Fellows,
and their Successors, by the name aforesaid, full authority and free
license to have, take, purchase, and hold, to them and their Successors
to and for the use of the said College, any goods, chattels or personal
property whatsoever; and also that by the name aforesaid they shall be
able and capable in law, notwithstanding any Statutes or Statute of
mortmain, law, usage or custom whatsoever to the contrary, to have,
take, purchase and hold to them and their Successors to and for the use
of said College, any other Manors, Rectories, Advowsons, Messuages,
Lands, tenements, rents and hereditaments of what kind, nature, or
quality soever, over and above the manors, rectories, advowsons,
messuages, lands, tenements, rents and hereditaments in the said Letter
Patent mentioned of the yearly value of six thousand pounds above all
charges as in the said Letters Patent is set forth, but not for the
purpose or with the view of reselling the same; provided always, that
the whole shall not exceed the yearly value of Twelve thousand pounds
above all charges, such annual value to be calculated and ascertained at
the period of taking, purchasing or acquiring the same;
And We do further by these presents, for Us, Our Heirs and Successors,
appoint as our Visitor in and over for the said College, Our Governor
General of Our said Province of Canada, for the time being, or in his
absence the Administrator of the Government of the same for the time
being; who shall exercise, use and enjoy all and every the powers and
authority of a Visitor, for and in the name and behalf of Us, Our Heirs
and Successors, of the said College in all matters and things connected
with the said College, as to him shall seem meet, according to the
tenor and effect of these presents, and of the laws in force in Our
Realm of England in relation to such powers and authority;
And We do further by these presents for Us, Our Heirs and Successors,
revoke and annul the power and authority in and by the said Letters
Patent given and granted to the members for the time being of the Royal
Institution for the Advancement of Learning, to be Visitors of the said
College; and do will and ordain that henceforth from the date of these
presents the power and authority so given and granted to the said
members of the said Royal Institution to be such Visitors, shall
absolutely cease and determine, and shall not be exercised or used by
them or any of them;