Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1852-04-22


shalf consliims. .ihs faculty Of any literary
college o. iveFsliy, Instituted under the
provisions of9ihis act and have power 10 en-
force the rules and regulations enacted BY
The trustees, fos de government and disciP.
line Of the sludeiils, and 70 suspend and ex-
Ipel offenders s asy e s-ensd necessary.
SEc. z. When any number Of persons
shall have procured BY subscription, dona.
lion, devise, purchase OF Otherwise, the sum
OF Eve hundred dollars. for The purpose Of
establishing and sustaining an academy,
such person may adopt corporate name.
and enter ihe same In tho recorders Office
Of The proper county, and proceed 10 the
elecsion Of such officers and teachers as they
4 may deem necessary, and in their corporate
name may sue and be sued, plead and be
implicated. in any coun Of law or equity Of
competent Jurisdiction, and may have cor.
pora.e seal, may purchase and hold personal
or real estate, and dispose Of the same al
pleasure, and do all other ac.s and things
necessary for the promotion Of education
and the general interests Of such academy.
SEC. 8. Any university, college, or acad.
envy now Instituted, may come under the
provisions Of this act, by complying with
the requisiiions herein contained; and all
such institunons now In existence, or ihai
may hereafter be established, may connect
Herewith, 10 be used os Pau Of their course
of education, any mechanical shops and
machinery, or lands for agricultural purpo.
Ises, moi exceeding three hundred acres, TO
which may be attached all necessary build.
ings for carrying on The, mechanical or agri.
cultural operations Of such institution.
SEC. 8. Any company which may be
formed In pursuance Of this act, or which
may now exis, by virsue Of any special act
, of incorporation. the property Of which is
held as stock, and no, derived by donation,
, gift, devise, or gru,ui,ous subscription, may
, increase It's capital stock, or change ], into
scholarships, when |, becomes necessary 10,
, the purpose OF carrying out the object fol
i which such company or corporation Is form
ed, in the following manner: The directors
|. for the Time being shall make ou. and sigr
certificate, in which shall be set foi.h ,hs
: amour, to which asch capital stock is to bt
increased, and the obje,a; which certificate
snail be- deposited in the Office Of the re
I. corder Of the proper county; and be by hin
!. recorded, in The same manner as the article
Of association and corporate name are b!
!. this acl required 10 be recorded.
!. SEC. 10. Before The capital sock OF an!
n such company shall be increased, !. shall b
|. The duty Of the directors 10 publish a notice
!. signed by at leas, majority Of them, in
Q newspaper Of general circulation In the coun
!. iy In which said institution is located, q
. leas. four consecutive weeks, appointing
4 time and place for rholding meeting Of th'
/ stockholders Of said company, specifying
: the objec, Of such meeting, ard the amour
to which j, is proposed TO increase the capi
. ,al stock thereof; and vote Of at leas. TWO
J thirds Of the shares Of the stock represen!e'
I a. such meeting, shall be necessary 10 al
increase Of It's capital stock, and TO author
! ize The directors 10 make and sign the cerifi
cate mentioned in The preceding section.
SEC. II. Any university, college or aca
i denny tina, may become body corporate
: under the provisions Of this ACT. the proper.
!. Of which Is no, derived by donation, gi(i
devise or subscripiion, but 10 owned by in
!. dividuals in the Shnpe Of sock subscribe
! or taken, the owner Of said stock shall b
> individually liable for the debts Of said cor
4 pora,ion, 70 the amount Of their said sIoc
= respectively; and also In sum equal there
i TO, over and above the amoun, Of their sal
:, stock: Provided, tina, the trustees or direcl
n ors of any corporation organized under tn
n provisions Of this act, the properly Of whc
. is no, owned by individuals 10 the shape @
:. stock subscribed or taken, but is held upo
y trust, or derived by devise, donation, gift Q
: subscription, shall no, contract any indeb,
i edness beyond the actual means or assets q
: said corporation; and IL said trustees or d
= rec,ors contract debts or incur liabilities be
. ! yond the means or assets Of said corpora
n tion, the trustees or directors so contracting
- !. shall be held liable in their individual caps
: !. city for the payment Of the same, bu. tn
% properly Of said corporation shull first b
!. exhausted.
:, SIC. 12. Any college, university, or oil
- er institutions Of learning now existing b
!, virtne Of any other act Of incorporation, {
!, = that may hereafter become incorporated f
n i, any Of the purposes specified in This &C
- !, may II three fourIhs Of the trustees or d
i. reciors thereof deem the same proper, on
: il said institution is owned in shares, or b
b stock subscribed or taken, then by vote I
- :. ,hree.founhs Of The stock or shareholder
- - change the location and name Of such inst
i. tuIion, convey is real estate, and transit