Here the Feoffees get permission to sell some land, provided they invest the proceeds. Note that none of these properties had the prohibition against sale that Little Neck has.
Financial Statement
Financial Statement
This is the oldest statement of finances I have seen.
History – 18850301 – Financials
In 1885 Little Neck represents only 18% of the assets of the Grammar School Trust. Since it is the only asset left, that means that the other 82% of the assets vanished. Consider this when considering the wisdom in converting Little Neck into cash.
Also of note is the fact that in order for that $2000 to become on the order of $30M over the course of 125 years, it would have to increase and average of 8% per year, every year. To put that into perspective, the S&P 500, a pure equity index with all the associated risks, had an average annualized return of about 6% over the last 50 years.
American Journal of Education Article
Act to Authorize Sale
Here the Feoffees get permission to sell some land, provided they invest the proceeds. Note that none of these properties had the prohibition against sale that Little Neck has.
Act to Make 1766 Act Perpetual
As the name says, all this does is make the earlier act permanent.
Legislature – 17870214 – Act to Make 1766 Act Perpetual
Act to Change Governance
This is the act which controls the current governance of the Feoffees to this day.
Act to Change Governance
The first in a series of three acts passed by the “legislature” of the day that form the basis of the current governance structure of the Feoffees.
William Paine’s Will
You won’t find many blogs with posts dated 1660.
Here are links to the relevant excerpt from his will, as well as the whole will both typed and in his own hand, for those who have good eyes and want the full historical context.
History – 16601010 – Paine Will Excerpt
Ipswich Citizens for Public Trust 