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On January 1, 1326, de Brome handed over the properties to the King, who, on January 21 issued by letters patent a charter of foundation in his own name, the Rector was to be replaced with a Provost, de Brome was appointed the first Provost and the college re-endowed with Tackley's Inn and Perilous Hall.
Statues issued in the King's name by the Bishop of Lincoln, Henry Burghersh in May 1326 called for the provision of a common seal, to be kept in a box with three keys, one for the Provost and the other two to trusted Scholars, the seal depicts the Annunciation, with the figure of Adam de Brome kneeling below and the legend Sig. Comune Domus Scholarium Beate Marie Oxon.
The statues also stipulated daily services to be held in St Mary's for the souls of the father and mother of Burghersh, the Bishop himself, his brother and sisters, the King and de Brome.
Burghersh confirmed the appropriation of St Mary's and by August 1, 1326, de Brome had resigned it's rectory into the hands of the college.

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