NK - (ARTICLE) 350 year old scholarship fund rediscovered
Bethor2000 at aol.com
Bethor2000 at aol.com
Sun Jan 10 13:31:59 PST 1999
http://www.foxnews.com/js_index.sml?content=/news/wires2/0104/n_ap_0104_90.sml
Long-lost 350-year-old scholarship fund rediscovered
10.40 a.m. ET (1541 GMT) January 4, 1999
ARITZO, Italy (AP) A long-lost, 350-year-old scholarship fund endowed by
a feudal lord has been discovered and will soon benefit six poor university
students, a newspaper reported Monday.
The fund was endowed by Clemente Loddo, the lord of the northern town of
Aritzo, who died in 1641. But his will was lost for centuries and no
students ever
benefited.
The fragile parchment was discovered recently in the papers of the Loddo
Foundation by city officials, who found that Loddo's land, mostly groves
of oak
and chestnut trees, had been taken over by a neighboring town.
The will directed that it be sold and the proceeds used to educate needy
students.
The town of Aritzo confiscated the land and has sold most of it, the Italy
Daily
newspaper said Monday.
The scholarship fund now amounts to $132,000. The report said Aritzo plans to
give the money to six students.
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