SEC. 4. The curators shall have power to issue stock in the May issue stock university, to the amount of not over two hundred and fifty thousand dollars, said stock shall be divided in shares of one hundred dollars each, and each share shall entitle the holder to one scholarship, free of tuition, for the term of ten years from its date, or two scholarships for five years, in all branches of learning taught in the university. SEC. 5. The first money raised from the sale of shares, not to exceed fifty thousand dollars, shall constitute a fund to erect suitable buildings, three-fourths of the remainder, shall constitute in perpetuity an educational fund for supporting professors and teachers, and meeting the current expenses of tuition in all the various departments of the university; the remaining funds to be used in purchasing a library, and chemical, philosophical, and astronomical apparatus, in improving the grounds, in furnishing shops, and in stocking the farm, and in the collection and preservation of botanical, mineralogical and geological specimens, and other necessary and incidental expenses connected with the general good of the university. First money raised for stock how disposed of. SEC. 6. The officers of the university shall consist of five officers. curators, whose term of office shall be so arranged that a vacancy shall occur annually, when a new curator shall be elected by the members. Vacancies occasioned by death, shall be filled in the same manner. tors. SEC. 7. The board of curators shall have charge of the funds, Duties of curathe appointment of the faculty, and the general superintendance of the finances and other interests of the university, and shall elect from their number a president, secretary and treasurer, whose May elect offigeneral duties shall correspond with those usually pertaining to such offices, and such special duties as are hereinafter provided for. cers. tary. SEC. 8. The Secretary shall safely keep all records, books and Duty of secrepapers, pertaining to his office, open for inspection, and deliver them to his successor in office, and shall execute all deeds and conveyances for the university. surer. SEC. 9. The treasurer shall keep a minute account of all Duties of treamoneys received by him for the university, pay out the same by order of the curators, signed by the secretary, make a quarterly report of his acts to the secretary, and a yearly report to the board of curators; and the secretary and treasurer, shall each of them, before entering upon the duties of their respective offices, execute and deliver to the president, bonds for the faithful per formance of the duties of their respective offices, with security approved by the board of curators. This Act to take effect and be in force from and after its Names of corporators. Powers. May hold real estate &c. Powers granted PARDEE SEMINARY. AN ACT to Incorporate the Pardee Seminary. Be it enacted by the Governor and Legislative Assembly of the Territory of Kansas: SECTION 1. That Pardee Butler, Smith G. Moore, Caleb May, Milo Carlton and Archibald Elliott, their associates and successors, be, and are hereby created into a body politic and corporate, in deed and in law, by the name and style of the Pardee Seminary, and by that name and style shall have perpetual succession, and by that name shall be competent to make contracts, sue and be sued, plead and be impleaded, defend and be defended, in all courts and places whatsoever. Said association is authorized to use a common seal, and to alter or change the same at pleasure, and to make such by-laws as may be deemed necessary for the government of said association and management of its affairs. SEC. 2. That said board of trustees shall have power to receive, acquire, recover, and hold any money, or real or personal property, or estate, that may be granted, donated or devised for the use of said institution, and may purchase and dispose of property in such manner as will best promote the object of their organization. SEC. 3. That said corporation shall have power to confer all the literary honors and degrees conferred by similar institutions, and to create such other degrees as may best promote the educa tion of agricultural and professional teachers for common and high schools. appoint a officers. SEC. 4. That said board of trustees is hereby empowered to Empowered to appoint a faculty, the president of which shall be ex-officio pre-cers. faculty and sident of the board of trustees, and to appoint such other officers and tutors as the interest of the institution may require; they may also displace the same, and may make such other regulations as will further the interest of the seminary: Provided, they be not inconsistent with the laws of the land. displace mem SEC. 5. That said corporation shall have power to displace Have power to members of their own body, who shall become disqualified for bers. duty, by age, infirmity or otherwise, or who shall fail to perform their duties from neglect of the interest of the institution. poration. SEO. 6. That the object and design of said corporation, shall object of corbe to the establishment of a seminary, within the limits of the town of Pardee, in which are to be taught the elementary branches of education, together with the sciences, and modern and ancient languages, in the manner that may be determined, from time to time, by the proper officers of the said corporation, and as the same may be set forth in their by-laws and regulations. to defeat any gift &c. SEC. 7. That no misnomer of said corporation, shall defeat No misnomer any intended gift, grant, conveyance, devise or bequest thereto, nor any act or deed intended to be done or made thereby. over 160 acres. SEC. 8. That the second section of this Act, shall be so con- Not to hold strued as not [to] permit said seminary to hold at any one time more than one hundred and sixty acres of real estate. This Act to take effect from and after its passage. [Signed,] G. W. DEITZLER, Speaker of House of Representatives. President of the Council. Approved February 12, 1858. J. W. DENVER, Acting Governor. University incorporated. Names of directors. Powers conferred. May hold real estate. May fill vacancies. May appoint officers. CHAPTER LIII. SUMNER UNIVERSITY. AN ACT to Incorporate the Sumner University. Be it enacted by the Governor and Legislative Assembly of the Territory of Kansas: SECTION 1. That an institution of learning is hereby incorpo-. rated, under the name and style of the Sumner University, to be located at the city of Sumner, in the Territory of Kansas. SEC. 2. For the government of said university, the following persons are constituted a board of directors under the name and style of the board of directors of the Sumner University, of the city of Sumner, to wit: Charles Sumner, Horace Mann, Marcus J. Parrott, Arthur B. Fuller, W. H. Hormell, David Reed, David Sanford, J. C. Webster, George Ball, Albert Barber, Stephen Barnard, Robert Crozier, Wm. M. McClure, John C. Douglas, Daniel Newcomb, Evan P. Lewis, Washington Mason, Cyrus F. Currier, Caleb A. Woodwarth, Pardee Butler, Joseph Sthelin, and John P. Wheeler, and in their corporate capacity may sue and be sued, plead and be impleaded, defend and be defended, in any and all courts of law or equity in this Territory and elsewhere. SEC. 3. That the board of directors hereby constituted, shall have full power in their corporate capacity, to hold by gift, grant, devise, purchase or otherwise, any lands, tenements, hereditaments, moneys, goods or chattels, of whatsoever kind, which are or may be given, granted, purchased, devised, or otherwise come into their possession, for and to the use of said university, and may sell, dispose of and convey the same, or any part thereof, or lease, rent or improve, in such a manner as they may think best for said university. SEC. 4. That the board of directors hereby incorporated, shall have full power to fill all vacancies which may occur in their own body. Any five of whom shall be a quorum at any regular meeting appointed for the transaction of business. SEC. 5. That the board of directors aforesaid, shall have power to appoint from time to time a president, vice-president, secretary, treasurer, and such other officers or agents as may be necessary in the management of the affairs of said university, and said board shall have power and authority, to take bonds from such officers and agents in such sums as may be deemed pro per, and shall have in all matters the powers and privileges, conferred by the provisions of an act, entitled "An Act concerning Corporations. May appoint SEC. 6. Said board of directors is hereby empowered to ap- faculty &c. point a faculty, and to appoint such other officers and tutors as the interest of the institution may require; they may also displace the same, and make such by-laws and regulations as will further the interest of the university: Provided, they be in conformity with [the] Constitution of the United States and the Organic Act of this Territory. Powers of SEC. 7. That the faculty of said university shall have power faults. to confer all the literary honors and degrees conferred by similar institutions, and to create such other degrees as may best promote the education of agricultural and professional teachers for common and high schoo ited to 5,000 SEC. 8. That the third section of this Act, shall be so construed Real estate limas not to permit said university to hold at any time, more than acres. five thousand acres of real estate. This Act to be in force from and after its passage. AN ACT to Incorporate the Wayland University.". Be it enacted by the Governor and Legislative Assembly of the Territory of Kansas: corporated. SECTION 1. An institution of learning is hereby authorized and Institution inestablished at the city of Palermo, to be known as the Wayland University, designed to promote and encourage the diffusion of knowledge in all the branches of literary, legal and medical learning. SEC. 2. The corporate power of said university, shall be vested in a board of trustees, to consist of not less than nine nor more Corporate pow ers vested in a board of trus tees. |