Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1852-04-22
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AN ACT
BY AUTHORITY.

DOdle1 COtpOAotcs
SEC. l. Be IL enacted By the General .Asse'n-
Bin of the State Of Ohio, That any number Of
persons. not less than FIVE, desiring to establish
a college, university. or other institution for
the purpose Of promoting education, religion,
morality, agriculture, or the fine arts, may, by
complying with the provisions Of this act. be-
come body corporate and polite, with perpet-
ual succession, and may assume corporate
name by which they may sue and be sued. plead
and be impleaded, in all courts Of law and
euuity; may have a corporate seal, and the
same alter or break at pleasure; may hold all
kinds Of estate, real, personal, or mixed. which
they may acquire by purchase, donation, devise,
or otherwise, necessary TO accomplish the OBJ
jscts of the corporation, and the same to dis
pose of and convey at pleasure.
Sec. 3. To ascertain the property, and the
value thereof, of any institution desirous Of
becoming incorporated under the provisions
of this act, it shall be the duty of the auditor
of any county, in this state, on application in
writing. Of nny number not less than FIVE free
holders, resident Of any county where such ap.
plicstion may be made, and where such insti-
tuition is, or is intended to be located, setting
forth the object for which they desire to become
incorporated, to select three judicious, disin-
terested freeholders Of the county, and voters
therein, who shall first take an oath for the
faithful discharge of their duties before some
competent officer; and such appraiser shall then
proceed to make a schedule, and upon actual
view, TO appraise the true value in money OF
all such goods, ehattels, lands and tenements,
chooses in action, rights, credits and subserip-
tions, as such applicants shall exhibit to such
appraiser. and shall return such schedule, with
their appraisement, and certificate Of some
justice of the peace, or other officer author zed
to administer oafhs, that such appraisers were
duly sworn BY him to discharge their duties rs
such appraisers to the auditor of the proper
county, and If the amount so found shall be
equal TO the sum required for the commence
ment of any such institution as said applicants
desire, such auditor shall give such applicants
a certificate of the fact. and they shall enter IT
in a book Of records, BY them provided for that
purpose, which, together with their corporate
name. and articles Of association, they shall
also cause to be recorded in the recorders Office
of the county where such institution is, or is
intended to be located; and they shall thcnce
forward be a body corporate and polite, ac-
cording TO the provisions Of this act, and such
auditor, appraiser and recorder, shall be enti-
tied TO the same fees as for like services in 9TH
er cases, and no more.
Sec. 8. The corporators of any college or
university which may be organized in accor-
from among their number, five more trus-
tees, who shall constitute board of directors
for such institution, and they shall have power
to 6ll vacancies that may occur in their board,
and shall hold their Offices until their success
sors are elected and qualified, according TO the
rules and bylaws that may be adopted by the
board of directors; and when any such iastitu-
ton, IN its corporate name, shall have acqui-
red FIVE hundred dollars in real and personal
property, to be ascertAined as herein provided,
said trustees shall have power to appoint a
president, professors, tutors and teachers, and
any other necessary agents and officers of the
board Of trustees, and FIX the compensation OF
each, and may enact such bylaws, not incon-
sistent with The laws Of this state or Of the
United States, for the government of the in
stitution, and for conducting the affairs of the
corporation, as they may deem necessary; and
shall have power TO confer on the recommended
tion Of the faculty, all such degrees and honors
as are conferred by colleges and universities Of
the United States, and such others, having ref
erence to the course Of study and the accom-
plishment Of the students, as they may deem
proper.
Sec 4. In case it should happen that an elec-
tion for electors should not be held on the day
appointed by the by laws of any institution or
company formed under the provisions Of this
act, such corporations shall not for that reason
he deemed TO be dissolved. but it shall be law
ful on any other day, TO hold meeting and
elect its directors, in such manner as shall be
prescribed by the bylaws thereof.
Sec. The trustees of any university. col
lege or academy, may hold in trust any prop !
erty devised, bequeathed or donated TO such |
institutions upon any specific trust consistent
with the objects of said corporations.
Sec. 6. The president and professors shall
constitute the faulty ofAny literary college or
university, instituted under the provisions Of
this act, and have power to enforce the rules
and regulations enacted by the trustees, for
the government and dicipline Of the students,
and to suspend and expel offenders, as may be
deemed necessary.
Sec. Z. When any number of persons shall
have procured, by subscription. donation, de-
wise, purchase or otherwise, the sum of i've
hundred dollars, for the purpose of establishing
and sustaining an academy, such person may
adopt a corporate name, and enter the same in
the recorders Office of the proper county, and
proceed to the election Of such officers and
teachers as they may deem necessary, and IN
their corporate name may sue and be sued,
plead and be impleaded, in any court of law or
equity ofeompetent jurisdiction, and may have
a corporate seal, may purchase and hold person.
al or real estate, and dispose of the same at
pleasure, and do all other acts and things ne
eessary for the promotion Of education and the
general interests of such academy.
Sec. 8. Any university, college, or academy
now instituted, may come under the provisions
Of this act, by complying with the requisitions
herein contained; and all such institutions
now in existence. or that may hereafter be es-
tablished, may connect herewith, to be used
as a part of their course Of education, any
mechanical shops and machinery, or lands for
agricultural purposes, not exceeding three hun
dred acres, to which may be attached all Leces-
sary buildings for carrying on the mechanical
or agricultural operations Of such institution.
Sec. 9. .4ny company which may be formed
in pursuance of this act, or which may now :
exist by virtue of any special act Of incorpora-
tion, the property of which is held as stock,
and not derived by donation, gift, devise, or
gratuitous subscription. may increase its capi- ]
tai stock, or change it into scholarships, when {
1t becomes necessary for the purpose Of carry I
ing out the object for which such company or /,
corporation is formed in the following manner:
The directors for the time being shall make out !
and sign certificate, in which shall be set /
forth the amount TO which such capital stock I
is to be increased, and the object; which certi-
hcate shall be deposited in the office of the re-
eorder OF the proper county; and be by him
recorded, in the same manner as the articles Of
association and corporate name are by this act s
required to be recorded. {
Sec. 10. Before the capital stock Of any such
company shall be increased, it shall be the duty
Of the dir. ctors to publish notice, signed by
at Iea.f q r,siorifv Of them. in a neWspaDer Of q