Coulter Trust

FOR THE PURPOSE OF THE CONSTRUCTION OF HOMES OF A REASONABLE STANDARD (IN THE OPINION OF MY TRUSTEES) FOR THE ELDERLY OF THE PARISH OF ST OUEN IN JERSEY AND IN SO APPLYING THE COULTER TRUST, IN ADDITION TO THE POWERS SET OUT BELOW IN THIS MY WILL TO DISTRIBUTE THE COULTER TRUST TOGETHER WITH ANY ACCUMULATED INCOME THEREFROM TO ANY INCORPORATED BODY ESTABLISHED AT ANY TIME BY THE PARISH OF ST OUEN FOR A PURPOSE OR PURPOSES IDENTICAL TO OR WHICH IN THE OPINION OF MY TRUSTEES IN THEIR ABSOLUTE DISCRETION IS SUFFICIENTLY CLOSE TO THE PURPOSES OF THE COULTER TRUST AS SET OUT ABOVE AND THE RECEIPT OF ANY AUTHORISED OFFICER OF SUCH INCORPORATED BODY SHALL BE A GOOD AND EFFECTIVE DISCHARGE TO MY TRUSTEES AND IN THE EVENT THAT FUNDS REMAIN IN THE COULTER TRUST AFTER THE CONSTRUCTION OF THE ACCOMMODATION REFERRED TO ABOVE TO DISTRIBUTE THE SAME TO THE INCORPORATED BODY UPON FURTHER APPLICATION BY THE INCORPORATED BODY TO THE COULTER TRUST FOR THE EXPRESS PURPOSE OF CONSTRUCTING FURTHER RESIDENTIAL ACCOMMODATION FOR THE ELDERLY OF THE PARISH OF ST OUEN IN DUE COURSE ON THE SAME TERMS AS ABOVE.