Dollars, or so much thereof as may be necessary, for the purpose of paying for the design of a medal, and the necessary dies and diploma plates for the purposes hereinafter set forth.
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To invest and keep invested the balance of said sum, and from the income derived from such investments from time to time to strike off and award medals from said design to workers in physical science or technology, without regard to country, whose efforts, in the opinion of the Board of Managers of said The Franklin Institute have done most to advance our knowledge of physical science or its application. Should the income derived from this fund ;oe more than necessary for the purpose aforesaid, the said The Franklin Institute may, in its discretion, award so much of the surplus, as its Board of Managers deems wise, as premiums to accompany said medals.
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The fund thus set apart shall be known as "The Franklin Medal Fund" (Founded January I, 1914, by Samuel Insull, Esq.).
4-The medals to be awarded, as aforesaid, shall be of gold, shall have distinct artistic merit, shall be of the intrinsic value of about seventy-five ($75) dollars, and shall have on one side thereof a medallion of Benjamin Franklin