this said convent may pursue the study of the arts and of theology;
and where the religious may instruct the novices and other religious
who wish to avail themselves of their aid, others who are sons of
inhabitants of this city and the islands, and any other persons. It
is to be under the name and devotion of Nuestra Señora del Rosario
[_i.e._, Our Lady of the Rosary]; and to be established in this
city, or where the religious of this said order should assign it,
inasmuch as his Lordship and some of the first founders were of
this city. And inasmuch as there are but one thousand five hundred
pesos left of the properties of the said archbishop, it has been and
is necessary, in order that a work so important for the welfare of
this kingdom, and one that sheds so much luster on communities and
people and directs them so greatly to the service of our God and
Lord, may not be without effect (I declare likewise that there have
remained and are left three thousand seven hundred and forty pesos
from the properties of the said Pablo Rodríguez de Araujo; and that
from the properties of the said Andrés de Hermosa, six hundred and
thirty-seven pesos of the two thousand pesos left at my disposition,
have been collected): I establish, apply, unite, and set aside all
the aforesaid two thousand pesos--that collected and to be collected
of them--and the three thousand seven hundred and forty pesos from
the properties of the said Pablo Rodríguez de Araujo, together with
the sum remaining from the properties of the said archbishop, for
the endowment and foundation of the said college. In their names,
I declare that I have bought two houses and their grounds, which are
located near the principal chapel of this convent, on a street half-way
to the corner of the street that runs from the said principal chapel to
the square and cathedral church of this said city, contiguous to the
street running to the river gate; and on the one side, the houses of
Antonio de Espejo, and on the other those of Alonso Gómez--the place