The trust fund bequeathed to the City of Chicopee
by the last will and testament of Alice J. Page, late of said Chicopee,
shall be called "Irving H. Page and Alice J. Page Trust Fund" and
shall be kept by the City Treasurer invested in bonds or notes of
the City of Chicopee or in securities in which funds of savings banks
may by law be invested.
It shall be the duty of the City Treasurer to
keep a separate account of said fund and the income therefrom. He
shall pass to the credit of said account the interest of said bonds
and notes as the same become due and shall disburse the same upon
order of the Trustees of the Irving H. Page and Alice J. Page Trust
Fund. The City Treasurer shall act as agent for said Trustees.
The duties of the Trustees of said trust fund
shall be to defray the expenses of deserving boys and girls, graduates
of the Chicopee High School, in accordance with the provisions of
said will, being Case No. 51872 and recorded in Hampden County Probate
Court.
The Trustees shall elect a Chairman and Secretary
on the first Monday of June in each year.