The Arkansas banner., 1848-04-25
kSl0Is or EStMbtiShHlCMf
 OF THE LITTLE ROCK HIGH SCHOOL.

SEc l. The object of those who become sub~cri- bers 10 this plan is to establish and reieT perma- nen' in the City of Littie Rock HIGH SCHOOL FOR BOTH SEXES, for the kigber bEAnches ot Education, upon sn-h . basfs may ensure Is prosperity sni usefaiarss.
 SEC. ?. IL Is intended that ultimately. and as speedily may be practicable, the branches oi education taught in ihe male sehooi shall be the Ancient and Modern languages, the Mat aeIna;acs, theoretica al and practical Cnensry, NacFa. Ftilo- sophy, Geology and sE-h otheF sssdiee, frepsEa- tory to a collegiate couISe, as necessary either for the professional practical man: and in the feuaa!e school, saeh languages, sceaees snd seeom- p .shments wiii make the pupils in'eifSgeat and accomplished women.
 SEC. }. For the purpose of creating 'he permanent fund of the school, inc subscribers become stock
 holders 10 the numboT ot shares st against the of eaeF- ash ssTeh eser persons as desi.e may m ike manner heresfier become sIc Fhers Al s.nck holders, incarring the same obligations; which are tat the subscription for each shApe oi stock biads the subscE iber b pay for each such share to the Treasurer of he Trustees S25 Pei annum. in cur rent money of the United States paysls qSaTie riy on the fist Moadsy ef January, Apri Jry and October in each year; which obligation shah be per petuai. until other person takes the piac1 of such subscriber and assumes his obligations And the first such quarterly payment shaii be due, pay able and Paid on the first Monday ef tprii netS. SEc. 1. As soon shares of stock are subscribed for, the subscribers shah nee, and elect from then number Board of Trustees, to consist of President and six Trustees. The Board of Trustees so elected shall remain in office nn,iT the first Monday of April, 1851, when s-w Board shall be eiteied to serve hree years and such ecc- tions shall be held every third year thereafter Al all elections each s,ockholder shall have one vote for each share of stock taken by him may vote in person by proxy aahotised iR writing: and shall in no case be allowed to vote, if in any way in rears 10 the fund The President of the Board of Trustees shall hold sii elections. which shsii all be hy ballot. and he shali determine who are eieeted SEc- ,. The Board of Trustees shall have vi>i- tAtoriai power the school. shall employ all teachers and fix ther eompe nsaica shall M sli cancies in their own number, and fiji the ofice of President, II vacant either pesmans ntiy or tempo raiily, as may be proper.
 Srt. 6. The fsnd rassed shall be applied as fol- lows: First to the purchase of proyes it of ground in Little Rock for tue erectioR of the school boase Second, 10 the ecten of the building, and finish ing and h'tang For the nses to which i' S te be applied: Third, 10 empl 5yins eeBpe,ept tcashsT for the male school. and paying the inc dea'a ex- penses of such srhooi Fourth tc ensployipr com pesent teacher for the fe aic scheol and tae insi- dental expenses of such school Filth. 10 he pgI chase of mapa. globes, ebeDicAi and philosophical arpaIatss and such other apparatus and instJ T. meats s the Boaad sl Trustees may eoasider ex- Peent Sixth. to eppIoying additional teachers and I aSs sstan,S.
 | one child 10 the schSol, fss eash share ot stock ken by him: and in instance shall such ehIid b. allowed 10 continue at the school asese ten days after the yment Of any iasAIaasnt s,ae The stock of such subscriber.
 i SEc. :. The Board of Trustees shall reee;ve do- nations from the Government or individuals, for such purposes as may be iRdica,ed by the donors II aBy individual deries to feund schoiarShip. he may to by donation tp the fnsti aiion. pad te the Treasarcr of such srsssa.s fl, wsea sal- sssiej. produce annually ses. Saeh schelarskiF shail bear the nasAe of the aogoI. sns wsih sseh sanual ponr pGp5 shall he educated. 10 bs se,ecsrd by rhe doses. If he desires 4, sAG i Ass 3 by the Trustees Src 9. Application shall s,e made to tse LeEsyls ! t.iEe for charter of Incorporation sksh w.A aa- thorise tie Trustees ia hsr fsrposste capacity to bsla lands. stock snd tie ilse, se a;sd se sued. ana
 II. geaeral exeieise the oSd;ssTS possss 9a s0eh e9rpsi .ons-
 SEC l0. \ toastDn CT land ffem tbe GcRera5 Co vernsef shall be snlIr tea 6y tho Trustees, whiei shall ss appiedo isane.ng scholarship. fur iadiges pspils and the purchase ef q select ibg4ry; and F case Inc State soad divide the Seminary tand, sp pieaiioa shall sso oe made for a poftica cF tha fans ior the szHie purposes-
 SEC II. One of tbs Boart oi Trustees shali D. elected by themselves to ke the Tre2saTes ;s hclc lis office al the pfeazrre of the I.oAsG