The daily Minnesota pioneer. [volume] (St. Paul, Minn.) 1854-1855, 1855-06-30
PUBLISHED BY AUTHORITY
Laws of Minnesota for 1855.


Entitled to Incorporate the Monticello Acade-
Be 1t enacted by the Legislative assembly Of the
Territory Of Minnesota
SEC l. That there he established Monticello,
in this Territory, literary institution by the name Of
Monticello Academy, and that s. T. Creighton Jas.
c. Beekman, Samuel NJ McNlan9s, WIN. Creighton,
John ID. Taylor, A. w. Tuls, VIM. III. Wood, w.
Augustus Hotchkiss, John w. GriswoId, John o.
Haven and John Mcdonald, and their successors in
office, be body corporate, to be known by the
and style of the Trustees of the Monticello Academy
with the rights such of suing and being sued, Of
contracting and being contracted with, and Of making
and using common seal, and altering the same at
pleasure.
So The object Of this institution shall be to pro-
mote the education Of youth.
S 3. The proceeds OF all donations of whatever
ture, and from whatever source, shall bc and remain
perpetual fund, except in hereinafter provided,
and called the Monticello Academy Fund, the inter-
est Of which shall be appropriated for the support of
said Academy. Provided, however, that when do
at the time Of making his donation to said Acad-
envy shall designate the particular object for which
he makes said donation, it shall be appropriated and
expended accordingly. .. ...5t
k.S 4. The Trustees are authorized TO expend such
portions Of the funds may come under their control
in the erection of suitable buildings and in purchasing
site for the same, for the purchase of library, math
ematical, philosophical and chemical apparatus,
they my deem expedient, and the control of all funds
given granted to said Academy are hereby vested
in said board Of Trustees.
SIS. At the frs, meeting regularly called and hold
en- the trustees shall designate the time their first and
future annual meetings, which shall in case be al
tered except by vote of twothirds oil the Trustees.
They may also choose all necessary officers, whose
term of office shall expire at the first annual meeting.
The Trustees shall said first annual meeting be d.
vided by lot into three classes of five each, number
one two and three. Class No. shall hold their Of.
fee one wear class No. shall hold their office two
years; and class No. shall hold their office three
years from the first annual meeting. Alter the first
annual meeting there shall be elected annually FIVE
trustees to supply the vacancies occasioned by the
provisions Of this section, who shall hold their office
for the .erm of three years. All vacancies OCCASION
ed by DEATH resignation or removal from the Terrific
ry or otherwise, we'll the vacancies 0ccasioned
by the expiration Of the term of Office shall be filed
by the board OF trustees; and all vacancies except
those occasoned by the expiration of the term of Of
fice may be supplied by any meeting called for that
purpose.
S 6. The trustees shall have power, and it shall be
their duty to enact laws for the government Of the
Academy; sell purchase real or personal estate
to appoint requisite number OF teachers; to appoint
such officers and committees as the management of
the Academy and its funds may require; to designate
their duties, and determine the amount OF their re-
spectye salaries.
ST. Meetings of the Trustees may be called by the
secretary application Of five members, such time
and place that they may deem expedient; and ma
ority of the board shall all times constitute quo
rum to transact business, but less number may adj
lourn.
g. The officers Of the board of trustees shall con.
sst of president, secretary and treasurer, and such
other officers and committees as the trustees may
deem expedien. The president, secretary and treas
uer shall hold their offices for one year, or from the
time of their election the next annual meeting, and
until their successors shall be elected all other Off
GERS and all committees shall hold their offices for
such term the board may deem proper.
9. 1t shall be the duty OF the president to preside
at all meetings of the board, but in his absence the
board may elect president pro TEN.
TO- 1t shall be the duty Of the secretary to keep
fair record of all and proceedings of the meet
ipgs Of the trustees, and also to keep file and pre-
serve all papers belonging to said board of trustees
and said institution, ana to discharge such other du-
ties pertaining his Office said board Of trustees
shall direct.
and receive all moneys due to said Monticello Acade-
my, or which may lie given or granted to the same,
and pay out such moneys the SAID board oil tTus-
shall direct, and to discharge such other duties
pertaining to his Office said trustees shall direct
II. The treasurer before entering upon the du-
ties OF his Office shall give bonds satisfactory to The
trustees, for The faithful performance of his duties
H. The corporators in this act named shall! con-
stiute the utt board of trustees, and any three OF
them may call the first meeting of the trustees, BY
giving two weeks notice OF the time and place in
some newspaper printed in this Territory.
IA. The Legislature may at any time modify or
amend this act.
Is. This Act shall take efect from and after its
J. S. NORRIS, Speaker of IL. of r.
WIN. +. MURRAY, Pres't Council.
Approved March I'd, 1855.
W. A. GORMAN.
I hereby certify the foregoing to be correct copy
of the original act on file in this ONCE: