The Tappenden Charity

1) IN THIS CLAUSE "CHARITY" MEANS ANY PURPOSE WHICH IS EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ANY INSTITUTION WHETHER CORPORATE OR NOT (INCLUDING ANY TRUST OR UNDERTAKING) WHICH IS ESTABLISHED FOR PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND "CHARITIES" HAS A CORRESPONDING MEANING.2) THE CHARITY TRUSTEES SHALL PAY THE INCOME OF THE CHARITABLE FUND TO SUCH CHARITY OR CHARITIES AND IF MORE THAN ONE IN SUCH SHARE OR SHARES AND IN SUCH MANNER GENERALLY AS THE CHARITY TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION THINK FIT PROVIDED THAT UNTIL THE EXPIRATION OF THE PERIOD OF TWENTY ON YEARS THE CHARITY TRUSTEES SHALL HAVE POWER TO ACCUMULATE THE SHALL OR ANY PART OF SUCH INCOME BY INVESTING THE SAME AND THE RESULTING INCOME THEREOF IN ANY MANNER HEREBY AUTHORISED SO THAT ANY ACCUMULATION SO MADE SHALL FORM AN ACCRETION TO THE CAPITAL FROM WHICH SUCH INCOME AROSE FOR ALL PURPOSES.3) NOTWITHSTANDING THE FOREGOING TRUST OF INCOME THE CHARITY TRUSTEES SHALL HAVE POWER AT ANYTIME OR TIMES TO PAY TRANSFER OR APPLY THE WHOLE OR ANY PART OR PARTS OF THE CAPITAL OF THE CHARITABLE FUND TO OR FOR THE BENEFIT OF SUCH CHARITY OR CHARITIES IN SUCH SHARES IF MORE THAN ONE AND IN SUCH MANNER GENERALLY AS THE CHARITY TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION THINK FIT.