Permanent Endowment Fund

(1) The University shall have a fund called the Permanent Endowment Fund which it shall invest and keep invested in securities issued or guaranteed by the Central Government or by any State Government. (2) The said Permanent Endowment Fund shall consist of— (a) the sum of Rs. 20,00,000 given by the Hon’ble Rajah Sir S.R.M. Annamalai Chettiar; (b) the sum of Rs. 27,00,000 given to it by the Government; and (c) any contributions to this Fund made by the Government, the Central Government, any local or other public body or others.