We do further by these presents, for Us, Our Heirs and Successors,
will, ordain and grant, that the said Governors, Principal and Fellows,
and their Successors forever, shall be one body politic and corporate,
by the name of "The Governors, Principal and Fellows of McGill College,"
and by the said name shall have perpetual succession, and a common seal,
and shall by the same name sue and be sued, implead and be impleaded,
and answer and be answered unto, in every Court of Us, Our Heirs and
Successors, henceforth from the date hereof, and shall no longer be
known by the name in the said Letters Patent mentioned, and shall retain
all and every the property, franchises, rights and privileges granted
under and by virtue of the said Letters Patent, and belonging to the
said Corporation immediately before the date hereof, and shall be and
remain liable to all claims and duties to which immediately before the
date hereof they were subject, save only in so far as by these presents
may be otherwise specially provided;

And We do further by these presents, for Us, Our Heirs and Successors,
will, ordain and grant, to the said Governors, Principal and Fellows,
and their Successors, by the name aforesaid, full authority and free
license to have, take, purchase, and hold, to them and their Successors
to and for the use of the said College, any goods, chattels or personal
property whatsoever; and also that by the name aforesaid they shall be
able and capable in law, notwithstanding any Statutes or Statute of
mortmain, law, usage or custom whatsoever to the contrary, to have,
take, purchase and hold to them and their Successors to and for the use
of said College, any other Manors, Rectories, Advowsons, Messuages,
Lands, tenements, rents and hereditaments of what kind, nature, or
quality soever, over and above the manors, rectories, advowsons,
messuages, lands, tenements, rents and hereditaments in the said Letter
Patent mentioned of the yearly value of six thousand pounds above all
charges as in the said Letters Patent is set forth, but not for the
purpose or with the view of reselling the same; provided always, that
the whole shall not exceed the yearly value of Twelve thousand pounds
above all charges, such annual value to be calculated and ascertained at
the period of taking, purchasing or acquiring the same;

And We do further by these presents, for Us, Our Heirs and Successors,
appoint as our Visitor in and over for the said Coll