New-York daily tribune., 1859-06-01
THE COOPER INSTITTTE.
DEED TO THE COOPER UNION.

DEED 10 TIE COOPER UNION.
The following indeu,ures, by which Mr. Peter
Cooper conveys 10 the corporation, called " The
Cooper Union for the Advancement of Science and
Ant, the property known the Cooper Institute
under conditions and for purposes sufficiently set torh
in the body Of the instrument, was seconded on
Wednesday:
PyTEE CooPFR and SARAH has rite. 10 tie C9opsr
Cat0R, J0f tie Adcaaoomct y >cs.ace oRd r..
DEED.
THIS ISDESrrRr, made and entered into lie 29,i
dGytt an H. n tas gtQc 0nc A0HS Itd ,tgtf hHRdref
ard ITy-HiHc, by ana BETWEEN Peer C.0DT nf the
CoHhfy and STATE u ACr York, and S0rah h,s rlfe
parties hereto # the ffH go1, AID " The Coopcr
" TnOR pr he .fdC0aCcHcaf 81 Sci,Ecc md Arts,
n corporation created and existing under the laws vi
the State of New-iork, party thereto Of the second
part WITSESsETH that the parties hereto Of the rst
part for and in consideration of the sum of dOiiar,
lawful money of the United States. 20 them IN hand
paid by the said party hereto of the second part AT
before the enseang and delivery OF these presents,
the receipt whereof is hereby acknowledged, aud of
other good considerations then hereunto moving nave
grated, bargaired, sold. alenrd, rem>ed, released,
and forever conveyed and confirmed, and by these
presents do grant bargain, SELL alien, ienise release,
convey and confirm unto the said party Of the second
part and To its successors forever. ali anu singular
the block of ground situate, lyiug aud being IA the
city county aud State aforesaid, and BOUNDED North
eriH by Astorplace, E0S,,rLy by Third aveuue, >Oh
eriy by seventh street aud t,seuy by Fourth avenue,
t0gttter with the building thereon erected, AND ALL
and singular the tenen ents beredtanenis and sppu-
tenauces thereunto belonging or in any wise apper-
tainrg and the reyerson ani reycrslOns, remainder
and remainders rents Issues and profits thereof drd
also al the estate, ght, title Interest, dowc and
right If dover, property, pOsseSsiou claim ANA he
nand whatsoever as well in law as Ia equity, of the
said parties of the first part OF, m or to the above
described premises amt every part aud parcel thereof
with the appnrteuauces, To HAVE AID TO HoLD, all
and sir gular, the aforementioned and described
r,rpu miss
said party the second part and its successors; IL
TRusr Hercrflisss and subject Ia e t0H0riRg coRdi-
flOHS and restrictions 10, for and upon the follow
ing uses, intents and purposes. and 10, for
and upon such other uses, intents, AMI pur-
poses as are embraced in an act incorporating the
party hereto of the second part passed by the Lgis-
laure OF the State of Newlork the 18th Day of Apnl,
in the year 1852 and entitled "An Act to amend the
PErtR COOPER to found Scientific Institution IN
80 the City If New-York'" and also, to amend the
act passed March 2 1857 entitled " An Act To amend
the Act entitled An Act To- enable Peter Cooper to
found a Scientific Institution in the City of New
"YOk, passed Feb. II, 1891, or "a shall De perml-
ted thereby, and by any acts amending thereof; pro-
vded only that such other nses, inetts aud purposes
shall not contrayene, or in any way he inconsistent
with or opposed to the following specially enumerated
restrictions and conditions uses nteus and purposes
to- for and upon which the conveyance Is specially
made that is to say:
F,rst: That the aforementioned end described
rents issues il and profits thereof, shall be for.
ever devoted to The instruction and improvement of
the inhabitants of the United States in pract a science
and art
and described premises together
with the sppurtenances and of any other property or
money any time to belong TO the party OF the second
part and the receipt and expenditure OF the rents,
issues income and profits thereof, shall be forever
committed subject 10 The conditions ana restrictions
herein contained and to such other conditions aud re-
strcions as are or shall be contained IN the Aforesaid
act OF Incorporation of the party hereto OF the second
part or in any acts smendaory thereof 10 Bo Md Of
Trustees which shall consist OF the fret %. the follow
ing persors, to wit: Peter CooJer, Edrard Copper,
Aby0m G. HerHt, DaHgd T. IiemaaR, ItdSoR Il.
HBRt and JOhH T.. Parsons.
That upon the death of that one'of the aforesaid
Trustees who shall first die, the vacancy IN ne said
Board occasJned by his death shall not be hiied ont
that forever after except as herein especially pro-
yded the said Board Of Trustees herein above, and III
the said act of incorporation provided for and to wnom
shall be committed the control and the mana cement of
the aboy eentUned and described premises with the
appurensnces and other property or money, ana tue
receipt and expenditure of the rents issues income
and profits thereof shall consist of five male persons;
that the five survivors of the said SIX rute-s shove
named shall constitute the first Board Of Trustees, con-
stiug of five members; that every succeeding vacancy
in sald Board shall be filed by the surviving or re-
naming Trustees by ballot that TO elect any person
Tusee shall require the vote OF at least three Trustees
for such person. ard tnat the Oldest ineal male de-
scendan OF Peter Cooper shall be Trustee ex gratla,
unless he be Trustee by virtue OF original appoint
meut herein made, or by election a. herein provided
If such Oldest Inca male descendant OF said Peter
Cooper be Trustee by virtue Of original appointment
made herein by election as such Trustee, a. herein
provided the number of Trustees constituting said
Board Of Trustees shall be fyei that II such oldest
In cal male descendant OF Peter Cooper be not lrus-
tee by of such original appointment or subs
dncui election, then and in such case, aud un an
other vacancy shall i'll the said Board OF trustees
Al, 81 axal lfH IL
Oldest lueal male descendant OF Peter cooper, the
number Of such Trustees shal be SIN.
Third: The members of such Board Of Trustees
shall hold their Offices such Trustees for hie pro-
yded only that for causes any such member may be
owed by order of the Supreme Court OF the State
of New Yoik on the application Of either OF the Iru--
tees or majority of the Council OF the Associates oi
" the Cooper Unon for the Advancement OF Science
ard Art, on notice to him of application iof suoh re-
moya; and Trustee may resign his office, and there
upon be shal cease to be Trustee upon the elecuon
Of his successor.
Fourth. Tie premises above mentioned and de-
scribod and the appurteuances including an ,he iu-
ture endowmens made to the party hereto Oh tue sec
ond mart the APPROXIMATION of which shs not be spe-
cally provided by the parties making the sah'' anu
all oney and property which shan at any u ne oeonS
to the party hereto of the second part AMI al the ron
income issues ard profits thereof sha be devoted 10
sid among the following objects and purposes; Inc
division and appropriation OF such rents, income Issues
and profits 10 ard among such objects and purposes,
save AID excepting that the course Of instruction on
social and political science hereinafter provided for,
shall have the preference all the other objects Of
expenditure specified herein, in case there shall not be
means adequate for them al and shall forever stand
preeminent among them.
To regular courses of instruction az night tree 20
all who shall attend the same under the general regn
lations Of the trustees on the application TO the useful
occupations of life on social and political science,
meaning thereby not merely the science Of political
economy, but the science and philosophy OF Just ana
UrYNnf