Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1865-11-02

in case said corporation shall otherwise
be dissolved, said Supreme Court may,
on application, order and decree that the
income thereafter to be derived from the
proceeds OF the sale OF said land scrip
In the hands of the State Treasurer as
aforesaid, together with such amount as
may have been paid over by said TreaSu.
rer for the purpose oI an experimental
farm, shall revert 10 said Vermont Ayr,
cultural College, and all the other pro-
erty and effects which at the time OF
said union, belonged 10 said other insti,
tuition shall revert To and be the proper
" of the other institution or institu-
tiOns which shall nave been united and
incorporated by or in pursuance OF this
act. and in case more than one other in,
stitution shall have been thus united,
such other property shall revert to them
separately, such specific property to
each, as said Court shall adjudge and
decree, having reference in making such
decree TO what was originally owned or
contributed by each.
PrOctdtG That in respect to any prop
erty or funds hereafter acquired by said
new corporation, by gift, grant, bequesl
or otherwise, the same shall be awarded
and distributed TO each of the institu-
tions hereby Incorporated or hereafter
united, in such manner as said Court
shall deem Just and equitable, having
reference to the manner the same was
acquired, and 10 any specific trusts or
expressed intentions Of any donors,
made al the time the same was acquired.
4 H. o. Lf,ai a v..ll
for all other purposes, the said several
corporations which shall have been
united by virtue OF this act, shall be
deemed and treated as having continued
in life. and the several Tru tees which
Shall have been elected by each, at the
time they were united and their success
ors, shall be deemed aud treated to have
been, since the time o.! their election,
the Trustees OF their respective institu-
tons, as well as Trustees OF the united
corporation, and as such Trustees may
! receive the propert y and effects which
may revert TO their respective corpora
tions by such decree of Court, and the
successors, whom they may thereafter
appoint, may continue and manage the
affairs o. their respective corporations
! thereafter in the same manner as the
| trustees OF each might have done before
! they were united as Aforesaid.
Sec. T.. This act shall not take effect
until the two corporations hereby uni
ted shall. at q meeting duly warned
vote TO accept the same and to surren-
der and Ieinquish to the corporation
hereby created, all the property belong
ing to them, whether real or personal,
and all the rents, profits and income
therefrOm arising, including said pro
ceeds from the sale of said land scrip
for the purpose, and subject to all The
rights, trusts and conditions as in this
act provided, and cause a copy OF The
record Of such votes duly certified by
the secretaries of these respective cor
porations, to be left for record and duly
recorded in the office of Secretary o
State,-whereupOn, by virtue of sucl
votes, such property, rents, profits an(
income shall become the property OF tn
corporation hereby created, for the pur
poses and subject to the rights, trust
and conditions aforesaid, and said prop
erty, and the property hereafter acquired
by the corporation hereby created, shall
be subject to all the conditions, immu
mites and exemptions now pertaining
to the property now held by said Uni
versity of Vermont.
Sec 10. All of an act entitled A
act To establish the Vermont Agricultu
raj College" approved Nov. %, 1864
which is inconsistent with the provis
ions of this act, is hereby repealed.