The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1855-03-06
An Act to Provide for the Incorporation
of Institutions of Learning.

OF lnstltutl0ns OF Aoatn1uS.
Section /. The people of the State of Mich
igan enact, That any number OF persons not
less than i've, may become corporation for
The purpose OF founding and establishing q
College, Seminary, Academy or other lnstilr-
ZION OF learning, by complying with the pro.
visions OF this Act. When stock, legacies, be-
quests, or donations 10 the amount OF thirty
I ousaud dollars for any such College, or five
thousand dollars for any such Seminary, Aced.
emy or other Institution Of learning SO intended
10 be founded and established, shall be in good
faith subscribed or given, and twenty per cent
thereon actually paid IN, as herein required,
such persons may elect Trustees for such Col
lege, Seminary, Academy or other Institution
Of learning and thereupon said Trustees shall
severally subscribe articles Of Association, in
which shall be set forth the name, character
and object Of The corporation, The amount OF
capital sock so subscribed, bequeathed donated
or given, aud The amount actually paid in; The
names and place OF residence of The Trustees; |;
the length oil time they shall continue In Office
mot 10 exceed thirty years-the manner In
which their successors shall be elected who
shall not be less than five nor more than thirty
FIVE; and the place where such College or oher
institution is 10 be located. Said articles OF as.
socialion, when subscribed as aforesaid, may be
filed in the Office of the Secretary Of Slate; but
such articles shall mol be 30 filed, until there Is
annexed thereto an affidavit made by al least
three Of such Trustees, that The amount OF
stock required by this section has been in good
faith subscribed and that twenty per cent there
on has been paid in and thereupon, the persons
who have subscribed said article, with such
other persons as may from time 10 time become
donors 10 such Institution or if said articles so
declare, the Trustees elected es herein provided,
shall be body corporate and p9litic capable OF
suing and being sued, and may have common
seal which they may make aud alter at pleas
ure, and be capable in law Of receiving BY gilt,
subscripiion, beqiest. will, donation, or devise,
and of purchasing, holding and conveying any
real estate or per, onal property whatever, toi
the perpose Of founding establishing and con-
drcIing any such College, Seminary, Acadeuy
or o,her Institutions of Learning.
SECTION 2. A copy OF any such articles OF
association filed in pursuance OF this act, WIN
q copy OF the afidav annexed thereto and GER
lifed by the Secretary OF State 10 be copy,
shall In oil courts and places be presumptive
evidence OF The incorporation of such lns'iiu-
tlon and o, all the facts therein stated
SECTION 3. The Trustees OF any College or
Seminary Incorporated under the provisions of
this act, besides the general powers and privi-
leges Of corporation, shall have power
/. To elec their own Chairman or Clerk.
2 Upon the deah. resignation or other va
cancy in The Office OF any Trustee, 10 elect an
other in his Place.
8 Tie declare vacant the scat Of any Trustee
who shall absent himself from five successive
meetings OF the Boad.
4 70 take and hold by gift, grant or devise
any real or PERSONAL properly. The annual in-
come or revenue of which shall not exceed
twenty five thousand dollars
s To sell, mortgage. lei or otherwise use
such property, In such manner as they shall
deem most conducive to the educational inter
esls Of such corporation
6. To direct and prescribe the course Of study
aud discipline 10 be observed in The College
Seminary OF Academy;
Provided. That no religi' us test whatever shall
be r quired Of any pupil in such Institution.
z appoint Pr, sident. Professors. Tutors
anc such other officers and agents as they may
deem necessary, who shall hold their Offices
during he pleasure Of the Trustees
8. To grant such literary honors as are usu
ally granted by anv such College, or similar
Institution in the United States, and, In lcsti-
mony thereof, TO give suitable diplomas. under
their seal and the signatures of such officers Of
the Institution as they may deem expedieut;
Provided, That the course Of study pursued
in such College be In all respects as thorough
and comprehensive as is usually pursued In
similar Institutions in the United States.
9. To ascertain and fix The salaries Of the
President, Professors asd other officers and
agents.
10, And 10 make all ordinances and bylaws
necessary and proper 10 carry into eject The
foregoing powers.
SEC A. Every diploma granted by such Trus.
ices shall eniitle The professor 10 all the immn-
mites. which, by usage or statute are allowed
10 professors oil similar diplomas, granted by
any similar institution in the United States.
SEC D The Trustees Of any Acale,ny incor-
porated under the provisions Of this act, besides
ne general powers aud privileges of corpora
tion shall have power
To take and hold, By gift grant subscrp
Iion Request or devise, any property, personal
or real, the annual income or revenue OF which
shall oil exceed four thou.and dollars
2. To sell, mortgage, let, or otherwise use
and dispose of such properly :or The bel ei' Of
such Academy.
3. To direct and prescribe The course of study
and discipline in such Academy.
a. TO appoint Treasurer, Clerk, Primo ipal
and such olher officers and agents as they shall
deem necessary who shall hohl their Offices du-
ring the pleasure OF The Trustees
5. To ascertain and fix the salaries Of all the
Officers OF the Academy
6. To make all ordinances and bylaws nec-
essary 10 carry into effect the foregoing powers
SEc g. Any institution Incorporated under
The provisions of this ac; shall be always sub
ject 10 the visitation aud examina ion Of the
TO Board OF Visitors llhree in num5ei) TO be
annually appointed by said Superintendent; and
said visitors shall report 10 said Superintendent
As soon after an examination as practicable
SIC 7. The Trustees OF any institution 10
corporaled under the provisions Uf hts act, shall
apply all funds and property belonging thereto,
according 10 their best judgements, 10 the pro-
motion OF its objects and interests;
Provided, That any gih, bequest or donation
to such institution, for any specific object shall
be faithfully applied TO the object specified by
such donor.
SEC. 8. The Trustees OF any Institution in
corporated under the provisions of This act, may
require the Treasurer. and all other officers
aud agents, before entering upon the duties of
their respective offices, TO give bonds and secur
iiies in such sums as they may deem proper aud
,lfficieni.
Sac g. Such Trustees shall be required on
DR. before the FIRST day of December annually,
10 report to the Superintendent of Public In
sistemeni oil the name Of each
Trustee Officer, Teacher and student OF such
Institution, with statement OK its property, the
AMOUNT OF stock subscribed, mated aud be-
lueathed, and the amount actually paid fn, and
such other information as will tend to exhibit
Us condnion and operations And said Trus-
ees shall be severally and jointly liable for a
he labor performed Tor the corporation; bul |
~ execution shall issue against anv Trustee. |
I'LL an execution ngainsl the corporation shall |
,ave been returned unsaisfed In whole or in |
BART; and no such Trustee shall be thus liable |
iness suit tor The collection OF such debl shall |
rave been brought against said corporation |