The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1870-11-03
[orBroIaIi,
LAWS OF THE UNITED STATES,
4 PASSED AT THE SECOND SESSION
OF TnR
F0RTY-FIRsT CONGRESS. s7i
TPUBuIc-No. 51.ll

I bnAAS-=-AN0s aVANli .st .f.
i AN ACT to provide for the. erealiony Of cor.
poSatiops 10 the District Of Columbia by
gsnerSl law. s'A VsV'tS4 g V'3.ye .
INSTITUTIONS OF LEARNING
BE itcadcted Iy The Senate and House
| Of Representatives. of he Uaited States Of
America in Congress aesem5ied, That any
Eve or moro persons, being desrOus ol
sssociating themselves for the purpose OF
establishing an institution Of learning,
may make, sign, aud acknowledge, before
any officer authorized to take the lickho~l.
edgment Of deeds in this District, aud Gle
in the Office Of register Of deeds of said
District, 3 certificate or declaration, in
writing, to be recorded in book kept for
that purpose, aud, open to public inspec.
ton, in which shall be stated the name or
title by which said institution shall be
known to law, the number Of trustees, di-
yectors, or managers. aud their names, the
particular branch Of literature and science
or either of them, proposed to be taught,
and if said institution is to BE- Of the rank
OF a college or university, the number and
designation Of the professorships to be es-
tablished.
Upon filing the certificate as aforesaid,
the persons who shall have signed and ac-
knowlcdged the same, aud their successors
and associates, shall, BY the provisions Of
this act, be body polite and corporate,
by the name aud style stated in the certii-
cate, and by that name and style shall have
perpetual succession, with power to sue
and be sued, plead and be inpleaded, to
acquire, hold, and convey property in all
lawful ways, to have and use a common
seal and the same'to alter aud change at
pleasure, Ia. make aud alter, at times or
from timo to time, such bylaws, not in
consistent with the Constitution Of the
United States or the laws in force in said
District, as the may deem necessary for
the government OF said institution, and to
confer upon such persons as may be con-
siderei worthy such acsdenical or honor
ary degrees us arc usually csiferred by sim.
liar institutions,
Any corporation so formed as aforesaid
shall have power to fll such vacancies in
their own body as may happen by death,
resignation, or otherwise, and shall hold
the property Of said institution solely for
the purposes Of education, and not for the
individual benefit Of themselves, or Of my
contributor 10 the endowment Of tEle;sgpaes
Any corporation formed in accordance
with the provisions Of this act shall be
competent in law and equity TO take to
themselves, in their corporate name, real,
personal, or mixed property, By gift, grant,
bargain and sale, conveyance, viii, devise,
or bequests of any persons whomsosver,
and the same estate to grant, bargain, sell,
convey, devise, let. place out at interest,
orot6erwise dispose of the same for tho
use Of said institution in such manner as
shall seem most beneficial thereto. "a
The trustees, directors, or managers Of
any corporation formed under this act,
shall faithfully apply all the funds collect
ed or the properly belonging to said in
stitution, according to their, bestjudgmcnt.
in erecting or completing suitable build
ings, supporting necessary officers, instrac-
tors, aud servants, and procuring books,
maps, charts, globes, and philosophical,
chemical, and other apparatus necessary to
the success of said institution. .g"'a
In case any donation, devise, or bcqucst
shall be made for particular purposes, &C.
cordant with the designs Of the institution
so established as aforesaid, aud thccorpor-
alton snail accept the same, such donation,
devise, or bequest shall bo applied in con-
formity With the express condition Of the
donor or deyisor. ~
No corporation established as aforesaid!
shall be allowed to hold moro land at apy
one time than shall be necessary for the
purposes of education, as set forth in its,
articles Of associatioi, unless the corpora,
ton shall hare received the same by gift.
grant or devise, and in such case such corr
poration shall be required to sell or.dis!
pose of the same within ten years from the,
time the title thereto is acquired; and on
failure so to dispose Of the same, said land
over and aboue the amount necessary to be
used as aforesaid, shall revert to the Origi-
nal donor, grantOr, deyisor, or their
heirs. J3ia
Corporations formed under this act shall
have power to employ ana appoint presi-
dent or principal for each institution, and
all such professors or servants as may be
necessary, and sball have power to dis.
place any of them, as the interests Of the
institution require; to GIL vacancies which
may happen py death, resignation, or
otherwise. among said officers or servants;
and to prescribe and direct the course of
studies to be pursued in said institution.
Any corporation established as afore-
said may require the treasurer Of said To-
stitution, and all other agauts thereof, be-