View source for In the event of death or failure to act for any reason of any of the said trustees (of property trust) a successor trustee or trustees may be appointed by the remaining trustees, with never less than three or more than five trustees acting at one time

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{{terms|"In the event of the death or failure to act for any reason of any of the said trustees a successor trustee or trustees may be appointed by the remaining trustees, with never less than three or more than five trustees acting at one time"}}
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{{compiler|Visnu Murti}}
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[[Category:Prabhupada Responding to Comments]]
[[Category:Prabhupada Responding to Comments... 1977]]
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<h2>Conversations and Morning Walks</h2>
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<h3>1977 Conversations and Morning Walks</h3>
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And the majority decision should be always accepted.
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[[Vanisource:770527 - Conversation A - Vrndavana|770527 - Conversation A - Vrndavana]]
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Rāmeśvara: And then the trust document names them, and then it goes on. "1. Trust Fund."

Tamāla Kṛṣṇa: Is there a name confirming?

Rāmeśvara: That's coming up. "The properties which shall constitute the trust fund and will hereinafter be called the trust properties shall include the following, hereinafter listed." Then for each trust there is a complete listing of the property, the temple and the Deities. A legal listing.

Prabhupāda: Inventory.

Rāmeśvara: Inventory, yes, inventory. Then "Section 2: Name of the Trust. This trust shall be known by the name . . ." So for each trust there's a different name. For Māyāpur it is proposed "Śrī Māyāpur Chandrodaya Mandir Trust." For Bombay, "Śrī-Śrī-Rādhā-Rāsa-Vihārījī Temple Trust." For Vṛndāvana, "Śrī-Śrī-Kṛṣṇa-Balarāma Mandir Trust," and that will include the Gurukula. For Bhuvaneśvara, "Śrī-Śrī-Kṛṣṇa-Balarāma Bhuvaneśvara Trust." It goes on to say, "In so far as possible, the trustees shall conduct the trust activities in that name. Section 3: The Purpose of the Trust. This trust is created and shall be operated exclusively for fulfilling the aims and objects of the International Society for Krishna Consciousness as per the memorandum of association. ISKCON is registered as a society under the Society Act of 1860, and is registered as a public charitable trust. We direct that no part of this trust shall inure to the benefit of any private individual, and no part of the activities of this trust shall consist of participating in or intervening in any political campaign on behalf of any candidate for public office." Then "Section 4: The Use of the Trust. Irrevocably, the properties, the temple and the Deities thereupon and all other holdings of the trust shall never be mortgaged, borrowed against, sold, transferred . . ."

Prabhupāda: Stole?

Rāmeśvara: "Sold."

Prabhupāda: Sold.

Rāmeśvara: ". . . or in any way shall the ownership or the assets of the trust be alienated or disposed of. This clause cannot be revoked or amended under any circumstance. Section 5: Management of the Trust. The trustees who have herein been designated are appointed for life. In the event of the death or failure to act for any reason of any of the said trustees a <span class="hlterm">successor</span> trustee or trustees may be appointed by the remaining trustees, with never less than three or more than five trustees acting at one time."

Prabhupāda: And the majority decision should be always accepted.

Rāmeśvara: The last section is called "The Term of the Trust." "This trust shall be irrevocable. In the advent of an inadvertent disqualification of this trust under the laws as they may exist from time to time, which may require a dissolution of the trust, the entire trust holdings shall in that event be distributed to the International Society for Krishna Consciousness." Then, following that, there's a page which says, "In witness whereof, we have executed this trust on this day," and it has a place for your signature as Founder-Ācārya of ISKCON, then another signature of Your Divine Grace as the chairman of the Bureau of ISKCON, and then a signature of Girirāja as a member of the Bureau of ISKCON. Then, on the last page, the acceptance of the trust. And it says, "The trustees hereby accept this trust and the obligations imposed thereby and undertake to hold, manage and administer the trust in accordance with the terms of this agreement." And it has a place for the three signatures of the three trustees.

Prabhupāda: I think it is all right. It is all right. Bring this typed. Make everything. That's all right.

Rāmeśvara: This will make it impossible for anyone to cheat.

Prabhupāda: Yes, as far as I can see. Finished. Yes. Jaya.

Tamāla Kṛṣṇa: Now the next group will come, Śrīla Prabhupāda, for kīrtana.

Prabhupāda: Oh, yes.

Devotees: Jaya Śrīla Prabhupāda. (break)

Prabhupāda: Now he is introducing in Russian language a textbook. In Russian, is it not?

Harikeśa: Polish.

Prabhupāda: Poland. They have been introduced. This is achievement. I want that. Hmm. Go on. (kīrtana) (end).
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