New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-08
O F. F. q Z A L.
LAWS OF THE UNITED STATES.
Passed at the Second Session ofthe Forty
First Congress.
TPrRIIC-NO. Sill

Ioased ut the Second session Oh inc Fort.
First Congress.
a. [PuBLIc-No. 51.]
AN ACT to provide for the creation o
corporations in the District of Colum
bia by general law.
INSTITUTIONS OF LEARNING.
Be it enacted by the Senate and Hous'
of Representatives of the United States o
America in Congress assembled, That an.
five or more persons, being deslrous o
associating themselves for the purpose O
establishing an institution of learning
may make, sign, and acknowledge, before
any officer authorized to take tn,
acknowledgment of deeds in this District
and file in the Office of register of deeds O.
said District; certificate or declaration
in writing, to be recorded in q book KEEP
for that purpose. and open to public in
spection, in which shall be stated the
name or title by which said institution
shall be known to law, the number OF
trustees. directors, or managers, and theil
names, the particular branch of literature
and science, or either Of them, proposed
to be taught, and il said institution is to
be OF the rank of college or university
the number and designation of the pro-
fessorships to be established.
Upon fling the certificate as aforesaid,
the persons who shall have signed and
acknowledged the same, and their sue
cessors and associates, shall by the pro-
visions of this act. be body polite and
corporate, by the name and style stated in
the certificate, and by that name and style
shall have perpetual succession, with
power to sue and be sued, plead and be
implicated, to acquire, hold, and
convey property in all lawful ways,
to have and use common seal
and the same to alter and change
at pleasure, to make and alter, at times or
from time to time. such bylaws, not in
CONSTANT with the constitution of the
United States or the laws in force in said
District, as they may deem necessary for
the government of said institution, and to
confer upon such persons as may be con-
sidered worthy such academical or honor
airy degrees as are usually conferred by
similar institutions.
Any corporation so formed as aforesaid
shall have power to fill such vacancies in
their own body as may happen by death, re-
signation, 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 any
contributor TO the endowment Of the
same
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, will, devise,
or requests of any persons whomsoever,
and the same estate to grant, bargain, sell,
convey, Gevse, let, place out at interest,
or otherwise dispose of the same for the
use OF said institution in such manner as
shall seem most beneficial thereto.
The trustees, directors, or managers of
any corporation formed under this act,
shall faithfully apply all the funds col
lected OF the proceeds Of the property be-
longing to said institution, according to
their best judgment, in erecting or COM
pleting suitable buildings, supporting ne
cessary officers, instructors, and servants,
and procuring books, maps, charts, globes,
and philosophical, chemical, and other
necessary to the success of said
institution.
In case of any donation, devise, or
bequest shall be made for particular
purposes, accordant with the designs of
the Institution so established as aforesaid,
and the corporation shall accept the same,
such donation, devise, or bequest shall be
applied in conformity with the express
condition of the donor or devisor.
No corporation established as aforesaid
shall be allowed to hold more land at any
one time than shall be necessary for the
purposes of education, as set forth in its
articles of association, unless the corpora
ton shall have received the same by gift,
grant, or devise. and in such case such
dispose 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 above the amount necessary
10 be used as aforesaid, shall revert to the
original donor, grantor, devisor, or their
heirs.
Corporations formed under this act
shall have power to employ and appoint a
president or principal for each institution,
and all such professors or servants as may
be necessary, and shall have power to dis
place any of them, as the interests of the
institution require; to fill vacancies which
may happen by death, designations 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 aforesaid
may require the treasurer of said institu-
ton, and all other agents thereof, before
upon the duties of their appoint
ment, to give bonds fo- the security of
,aid corporation in such sums and with
security deemed sufficient by said corpor-
alton or institution.
All process against any corporation
established under this section shall be by
summons, and the service of the same
shall be by leaving an attested copy
thereof with the president, secretary or
treasurer, or at the Office of the corpora
lion, at least sixty days before the return
day thereof.
1t shall be the duty of the trustees of
any Institution, or majority of them, to
file, on or before the first Monday in
January in each year, in the Office of the
register of deeds where the original GER
tifcate was filed, a statement of the trus-
tees and officers of the institution, with an
inventory of its property and liabilities
and students, and such other informa-
ton as shall or will exhibit its condition
or operation.
In case any corporation created under
his act shall at any time violate or fail to
comply with any of the foregoing pro-
visions, upon complaint being made to the
circuit court Of the District OF Columbia, a
writ of quo warranto shall issue, and the
district attorney or city attorney shall pro-
'ecute, in behalf of the people, for for
ieiture of all rights and privileges secured
oy this act to such CORPORATION,