William MacAlister Settlement No 2

The Trustee shall stand possessed of the Trust Fund and of the income thereof upon the trusts and subject to the powers and provisions following namely: 1. Upon Trust to apply so much of the annual income of the Trust Fund as the Trustee in its absolute discretion from time to time thinks fit in augmenting the Income of the Minister for the time being in charge of the congregation of the Church as together with the stipend and any other Congregational income available for his benefit or which may become available at any time in the future will exceed by One hundred pounds the minimum annual income which is prescribed from time to time by the General Assembly of the Presbyterian Church in Ireland for Ministers of the Presbyterian Church in Ireland Provided That if at any time the Trustee shall receive a notice in writing signed by two-thirds of the congregation of the Church stating that they do not wish the Minister for the time being in charge of the congregation of the Church to receive any income of the Trust Fund the Trustee on the expiry of six months from the date of receipt of the notice shall cease to apply an income any income of the Trust Fund to the Minister for the time being in charge of the congregation of the Church until a new Minister has been appointed to be in charge of the congregation of the Church. 2. Upon Trust to apply so much (if any) of the annual income produced by the Trust Fund as shall not be required for the aforesaid purpose and as the Trustee in its absolute discretion shall think fit in assisting the Session and Committee for the time being of the Church to pay for the services of an organist and a caretaker for the Church. 3. Upon Trust to apply any residue of the said annual income remaining after satisfying the charitable purposes aforesaid for any other charitable purpose (or purposes) of the Church as the Trustee in its absolute discretion shall think fir PROVIDED ALWAYS that (a) The Trustee may make any such application of income by paying the same to the Treasurer for the time being or other proper officer of the Church so that the receipt in writing of such officer shall be a good discharge to the Trustee without the necessity of seeing to the proper application of any sum so paid and (b) In exercising its absolute discretion as aforesaid the Trustee may have regard to but shall not be in any way bound by the wishes of the Settlor and of the Session and Committee for the time being of the Church as expressed to the Trustee from time to time in writing.