Weekly Indiana State sentinel. [volume] (Indianapolis [Ind.]) 1853-1861, 1855-05-24
DAVID kILG0RE,
Speaker OF the House.
AsuBEL P. WILLARD,
pns,Ieut Of tho Senate.
-AipfJNS1s 44atSA 5ls lo99-
JosEPH A. wRIsEI.

Az ACT os me incorporation Of High Schools. Acsds-
mics Colleges, Universities, Theological Institutions.
! sad Missionary Boards.
SEcTTes l. b enacted 81 rae General ssssnsSfv Of
tie State OF IrdaEa That any number OF persons dcs
ring ~ establish high school, academy, COLLEGE, uni.
make a verified by OATH least Eve
Of the sane, declaring the and purpose ofthe In
sitnon the manner in which religious bodies or beney-
sane stall H. soBnsstsd With ana srtts- M g ~ 81 ,e
over such institution the mode and purpOscd amount OF
endowment Tue amount then donated or suhserbed sDc
shah Tie the in the oce Of the Clerk OF the Cir
posed 30 be located anc duplicate thereof with Sec
fefar Of Stale ana tas relation nf such corporation 20
s he ~ nv, 'g s' ,,r.se,,st -1onase o. ~
mient: bat they may be altered ans time by agree
meni between such corporation and such society Pro
rided That such association shall hold than for
thousand dollars in real estate. shall the capital
scek Of any snch association exceed hundred hoa-
sand dollars.
Src. ,. When the statement has bsen nied as afore-
said the persons subscribing the same, and their
have power hold and convey real and personal prop
ey for the purposes of their association and for endOw
ments.
into and represented by shares twenty ffty OF one
hundred dollars each be agreed between per
forming such association, and specified In the GER
uaeae required by the first section OF this act and one
share shall constitute the person contributing the same
member Of such association; and al all meetings thare
Of every member shall be entitled 10 for each
share held represented by him. but member shall
have thsu s.ycniyds votes. unless provisions
o., made therefore int he bylaws Proxies shall always
be given in writing.
SIC. 4. Such corporations shall. within thirty days
hng statement required In section one elect
treasurer, and least six thereof term
of three wears Trustees selected SHALL nearly a.
practicable, b. divided by lot into three classes those
drawing the class shall DE year: those
OF the second class. two years and those third
class hee years or until their SUCCESSORS chosen aud
qaaiied.
SEC s. The tssasurer shall give an oftiai bond with
surety payable Go ihe State 81 Indiana for the use OF
such INSTITUTION, IN aach sum a. the board shall approve
aud They shall cause an authenticated copy thereof 10
DO Aed with the CLERK Of the Circuit Cour In the proper
SIC. e. The trustees thus chosen shall elect presi
dert e ihe institution for term not exceeding six years.
$500 - - .s....SHs -hail constitute
Ia all cases choose the faculty or other teachers Of the
1 Institution.
src. :. Colleges aud universities Incorporated Nm
der this shah have power establish law, msd-
cal normal, agricultural, and military departmental
and confer degrees therein and may also confer otef
aeademicai degrees appropriate 10 such institution
sEo g. majority vote given al any mesting, called
BY notice specifying The time place and Object thereof
and published Of three weeks successfully IN the news
paper Of the county having the greatest elrcuxtiou In
which said institution Is situated ifthers be paper
ed 10 the State nearest thereto may change the grade
and character Of such institution any other provided for
10 THIS act Dat esrtncste OF snss change, verified By
with the original statement. be filed with the
clerk Of the circuit court Of tbs proper county and the
Sac. 9. As an informally exists IN regard 10 tie
amendment Of the High School law passed In 1863 rem
dering corporations formed under Il Of doubtful legality
IA i therefore deemed that emergency exists, and
therefore this law shall be In force from aud after its pass
age and publication n the IndSla stats ssxtinsl and
4 gCrrHdi-
SEC. 10. ANY High School, College, or University
heretofore incorporated by special general law Of
Indiana, may, by majority of thirds Of its
Board Of Trustees, suTrender charter and under
the provisions OF this act PrOrids5 OF tho
time and manner such change ba made out aud died
required n tie first section Of this but the pro-
vision requiring the division Of the endowment fund
into shares Of stock shall apply "a such il,tia-
lions.
SEC IL That act entitled, An act for the ineor-
potion Of high schools, academies, colleges universe
ties theological institutions, and missionary boardss
approved May l5th, 1872, an also, act, entitled, An
act amend The rsl second and third sections Of an act
slted, An for the Incorporation Of high schools
ACADEMIES, Theological institutions, and missionary
boarisn approved May 18th, le52 approved February
25d Is55 bs aad the same hereby repealed, reser
Ing all rights Of for and against said associations
formed under said acts, either Of thsm and all pend
Ing suits growing cut Of said acts.
ASHBEL P. WILLARD,
President Of ths Seuals.
DAVID klLGORE,
Speaker Of the House Of Reprossptauves.
Approved, February 2etb, lass.
JosEFH A. WASN'T.
STATE IEpiASA Office Of tks Secretary # State,