The Washington herald., 1914-01-18
Text of the Agreement.

The full text of the agreement between
the Massachusetts Institute Of TechnoI-
ogy and Harvard University is given as
follows:
In this agreement. the Institute
means the Massachusetts, Institute of
Technology. and the university" means
Harvard University. 1t is understood
that any action of the president and fel-
lows Of Harvard College shall require
the consent of the board OF overseers
whenever such consent is necessary un-
der the laws governing the university.
l. The university and the institute shall
be unaffected in name, organization. title
to and rights over property. or in any
other way not specifically mentioned i'll
this agreement.
=. The university and the institute shall
cooperate in the conduct Of courses lead
ing to degrees in mechanical, electrical,
civil, and sanitary engineering; mining.
and metallurgy. and in the promotion of
research in these branches OF applied
science. The courses and research shall
be conducted in accordance with the pro-
visions of this agreement and on the site
in Cambridge recently acquired by the
institute bordering on Massachusetts ave
nue. and the Charles River embankment
or on any other site that may be agreed
upon should future conditions render an
extension or change of site desirable.
3. Subject TO the reservations herein
after set forth the university shall de-
vote to the purposes referred to in sec
ton the net income Of all funds that
are credited on its books to the Lawrence
Scientific School: also the use of all ma
chinery. instruments, and equipment that
are suited to these purposes and that the
university does not in its opinion need
more urgently for other purposes: also.
not less than three-fifths OF the net in
come of the Gordon Mckay endowment:
also, the income of all the property that
II may acquire hereafter for the promo
tiv: of education or research in the
branches of applied science referred 10 in
sction 2: also, su further sums as il
may from time to time feel able to con-
tribute.
The Use of Funds.
T. Subject to the reservations herein
after set forth. the institute shall devote
to the purposes referred to in section :
all funds. or the income Of all funds,
that 1t now holds or hereafter acquires
for the promotion on education or re-
search in the branches of applied science
mentioned in that section, and in addi-
tion to this as much of the funds, or in
come of funds. that it holds for general
purposes as is not in its opinion more
urgently REQUIRED for other purposes.
5. Students fees for courses in the
branches of applied science mentioned In
section 2 shall be devoted to the purposes
referred to In that section These fees
shall for the first ten years be deemed
to be contributed by the two institutions
In the proportion OF the numbers OF the
students following these courses In the
institute and in the university's graduate
schools of applied science, respectively.
during the year 1884. At the end OF ten
years a different arrangement shall be
made. II. in the opinion Of the two cor
porations, It appears to be more equitable.
The fees of students pursuing courses
in the subjects referred to in sNction in
the university's graduate schools Of ap-
piled science at the time when this
agreement Is adopted shall be unaffected
by any change brought about by this
agreement. For all other students the
amount of the fees for complete courses
leading to those degrees of the institute
and of the university that are granted
through the operation Of this agreement