Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1875-05-19

ly, tne Salo D0oro OF trustees SHALL ap
point secretary and treasurer yearly,
but they shall have power to remove
either whenever majority of the board
shall think it proper; the treasurer
shall, before be commences the duties
of his Office, give bond to said cerpo-
ration with one or more good sureties
to be approved Of BY a majority of the
managers, for . penal SUN double the
estimated amount for the time being Of
the funds Of the corporation, condition
ed for the performance Of the duties
enjoined and the repayment of monies
received by him.
SEC. 10. The treasurer shall receive
and hold all monies belonging to the
institution and pay the same only to
.he order of the board, signed by the
president and secretary, or BY a major
ity Of trustees, and he shall keep fair
accounts thereof to be open at all sea-
sonable hours for the inspection OF all
persons who may have contributed to
the funds of said institution, and the
said trustees aud treasurer shall, anuu-
ally, IN the mouth Of January exhibit
all their books, vouchers and accounts
of every kind before the auditors Of the
county of Juniata TO be settled and ad-
justed in the same manner as the ac-
counts of county commissioners are or
shall be by law directed to be settled
and any balance found due the iDstitu
tion shall be entered on record and be-
come a lien, and be collected in the
same manner and under the same reg
ulations as balances found due from
county treasurers, saving to the &C
countant and the corporation the same
right to appeal; every trustee or treas
urer who shall neglect or refuse t) ex-
hibit his books, accounts aud vouchers
as aforesaid shall forfeit the sum of for
ty dollars to be recovered as debts Of
similar amount ere now by law recov-
erable in any action brought By per-
son qualified to vote for trustees) in the
name of said corporation, one-half to
be recovered for the use Of the Acad
envy and the other half for the use of
the prosecutor.
SEC. IL. That DR.. Thomas White
side, John Patterson, Jr., Pobert Pat
terson, Mcknight Williamson, John
Beale, William H. Patterson, William
Curran, Joseph Kelly and James Gal
braith ae hereby appointed trustees of
said corporation until their successors
shall be elected
SEC. IL. The treasurer of this Com
monwealth be and he is hereby author
lied and required to pay to the treasu-
rer of the 1uscarora Academy, in the
county of Juniata, the sum of two
thousand dollars out of any money in
the treasury of this Commonwealth, tc
be applied towards erecting suitable
building or buildings aud for purchas-
ing the necessary library, mathemati
cal, geographical and philosophical ap-
paratus for the use Of said Academy at
the discretion Of the trustees thereof :;
and the said trustees shall have power
to loan any part thereof not inmedi-
ately required for the purpose afoIe-
said at interest not exceeding six per
cent. per annum, payable semi annual
ly or OfteDer, for any term not exceed
ing one year, secured by bonds with
undoubted security, with mortgage on
, real estate of at least double the amount
of the sum loaned, such bond, and
mortgage and surety to be FIRST ap-
proved by the court Of common pleas
Of said county; Provided, That before
said money shall be paid to the treasu-
rer OF said Academy the treasurer Of
this Commonwealth shall have received
q certificate from the judges of said
county certifying that the treasurer OF
said Academy has given the security
required BY the act establishing said
Academy as well for the sum hereby
granted as for other funds of the said
institution and also certifying that
property or funds TO the value of at
least two thousand FIVE hundred dol
lars have been certified to the use Of
said institution for one or more Of the
purposes aforesaid; and in consequence
of the aforesaid grant then shall be ad-
mitted into the said Academy any num-
Der of poor children not exceeding four,
that may at any time be offered to be
taught, gratis, but none of said chill
dren Sc to be admitted shall continue
to be taught gratis in said Academy,
should others apply, longer than two
years, unless the trustees, or a major
ity Of them, should determine other
wise.