The morgadio of Parada was endowed by the founders with assets already inherited by them before and also with many new resources bought by the couple, testifying the epithet later given to Vicente de Novais, “the one who came rich from India”. The inherited assets were the homestead of Parada – which before was a medieval honor -, and rents and properties in the parishes of S. Martinho de Guilhabreu, Santa Maria de Alvarelhos, Santa Maria de Vilar, and Fajozes, today all in the county of Vila do Conde. The new properties were located in the municipalities of Santa Maria da Feira and Barcelos, among others, and in the city of Porto.
The founding document imposed as a condition for immediate successors to give 6,000 reais per year to the daughters of both institutors who were nuns and to give 2,500 reais per year to the daughters of Vicente Novais alone, Ana Novais and Isabel Brandoa, the two nuns in the monastery of S. Bento da Ave Maria in Oporto. It also foresaw as future conditions the prohibition of alienation or encumbrance of the property of the entail and the imposition on the successors of the onus of adding assets to the entail. Regarding succession, the administration should first be granted to the eldest son, and only then to a legitimate daughter who could marry. In their absence, the administration should be handed to the Misericórdia of Porto. In this case, the Misericórdia would have to fulfill additional conditions: marry an orphan every year, providing them with 20.000 reais; order a daily mass to be said in the church for the founders and their descendants; and donate the rest of the annual incomes to the poor or otherwise use them as the provedor and Mesa saw fit. The founders also indicated that the successors would be the descendants of their children, Luis Novais da Silva, who they nominated as the first administrator; Brites da Silva, wife of Francisco de Ataíde; Maria da Silva, widow of João Brandão de Almada; and Marta, at the time still unmarried. They also ordered that they be buried in the S. Francisco monastery, in the grave of Vicente Novais’ father, Fernão Novais, where a weekly mass should be said forever. The founders also imposed the production of three copies of the founding document, all to be bound in book form. The end of the books should be left blank, so that the lands that, in the future, would be annexed to the entail by the successors could be added to list of assets. Of these copies one would remain for the successors and the other two would be deposited in the registries of the Misericórdia of Oporto and the monastery of S. Francisco, in the same city, paying 500 reais per year to each for this deposit. The successors who did not fulfill the duty to maintain these books would face a heavy penalty of loss of income from the entail (ARQUIVO DA CASA DE BARBOSA – Maço de testamentos, instrumento de instituição de morgado; ARQUIVO DISTRITAL DO PORTO – Fundo Notarial, P. 1, 3ª série, livº 70, fls. 73vº–81; LOPES CARDOSO: 302-314).