Gambar halaman
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Names of corporators.

Powers.

May hold lands &c.

The property and funds how

than fifteen persons, and the president of the university shall be ex-officio a member of said board. Said board shall have power to fill all vacancies that may occur in the same, and to elect new members thereof. John W. Hoyt, A. M. M. D., C. K. Holliday, A. M., Rev. James T. Holiday, Walter Oakly, C. H. Beals, M. D., I. B. Wheeler, M. D., H. E. Deming, M. D., Geo. R. Sabin, Elijah Hughes, John Stiarwalt, Barney H. York, James M. Hunt, Lorenzo D. Bird, Reuben Middleton, William Palmer, and their successors in office, are hereby created a body politic and corporate, and shall have perpetual succession, and in their corporate capacity may sue and be sued, plead and be impleaded, defend and be defended against in any court, either of law or equity.

SEC. 3. The board of trustees and their successors forever, shall be known and styled the Trustees of Wayland University, and shall have full power in their corporate capacity, to hold by gift, grant, devise, demise or otherwise, any lands, tenements, hereditaments, moneys, rents, goods or chattels, of what kind soever the same may be, which are or may hereafter be given, granted, demised, devised to, or purchased by them, for and to the use of the aforesaid university, and may sell and dispose of the same or any part thereof, or lease, rent or improve in such manner as they shall think most conducive to the interests and prosperity of said university: Provided, that said corporation shall not at any one time hold more than five thousand acres of land.

SEO. 4. That the property and funds of said university shall appropriated. be exclusively appropriated by the board to the endowment and support of the institution in such manner as will best promote sound learning, virtue and piety; but no property or funds given for a special purpose or on certain conditions, shall be appropriated in any other way or to any other object, than that directed by the donor, or be subject to any claims or incumbrances by which they may be diverted from the purposes for which they were given.

Trustees to appoint a presi

&c.

SEC. 5. That the board of trustees and their successors, shall dent, professors have full power and authority to appoint a president, and such professors, teachers, officers and agents, as may be deemed nePowers of trus- cessary, to displace the same, and to declare their duties, tenures and emoluments; to remove a trustee for any cause which a majority of the whole number may deem sufficient, to define the qualifications of a trustee ; to enact and enforce all such statutes,

tees.

ordinances, rules and by-laws, as shall be deemed just, wise and expedient for the management of the interests of the university, and for the advancement of learning morality and piety, so that the same are not repugnant to the laws of this Territory; to establish the different departments of said university; to confer degrees and distinguishments, by such literary honors and rewards as they may judge proper. Said board shall generally and particularly possess and enjoy all powers, rights and privileges, usually exercised and enjoyed by universities; but no corporate business shall be transacted at any meeting of said board, unless five members are present, which number shall constitute a quorum, nor at any meeting of which due notice has not been given. SEC. 6. Said corporation shall have a common seal, with some Shall have a distinctive device and inscription, and may alter the same at pleasure, and all deeds or other instruments relating to the revenues or proprietory interests of the university, and all diplomas or other testimonials to distinguish literary merit, when signed, sealed and delivered by the president of the university, in accordance with the order of the board of trustees, shall be in law the acts of said corporation and not otherwise.

SEC. 7. Said board of trustees shall not have power to contract debts that will encumber or alienate the real estate, or impair the permanent funds of the institution, nor any debts beyond its resources or means of payment.

common seal.

Powers not granted to trustees.

the trustees.

SEC. 8. Any three members of said board of trustees may fix of meetings of the time and place of holding the first meeting of said board, of which they shall give notice in writing to each member, at least five days previously thereto. The trustees at their first meeting, shall fix, by by-law, the time and place of their meeting thereafter,subject to change by any subsequent action of the board. SEC. 9. The board of trustees may prescribe the course of study to be pursued in said university, and the terms of admission into the same; but the faculties of said university shall prescribe such rules and regulations in the conferring of honors and giving diplomas as they may deem useful and necessary.

SEC. 10. Before entering upon the discharge of the duties of his office, the treasurer shall give bond and security for the faithful discharge of the duties of his office, the sufficiency of his securities to be approved by a majority of the board of trustees, and no member of said board of trustees shall be received as such security. The treasurer shall take charge of the funds of the university, which may be placed in his hands by order of the

May prescribe study &c.

the course of

Treasurer to
Duty of secre-

give bond &c.

tary.

Duty of secretary.

Free from taxation &c.

board, and shall perform such other services as may be prescribed by the board.

SEC. 11. The secretary shall keep a just and fair record of the proceedings of the board, which he shall enter in a book to be provided for that purpose, subject to the examination and inspection of all donors to the institution, and shall perform such other duties as may be prescribed by the board.

SEC. 12. The board of trustees may take such measures in regard to the endowment of said university as they may think proper, and all property and effects belonging to said university, as held by virtue of the foregoing section, shall forever be free from taxation.

This Act to take effect and be in force from and after its

passage.
[Signed,]

G. W. DEITZLER,

Speaker of House of Representatives.
C. W. BABCOCK,

President of the Council.

Approved February 12, 1858.

J. W. DENVER,

Acting Governor.

Names of corporators.

Powers.

May acquire real estate &c.

CHAPTER LV.

WILMINGTON SEMINARY.

AN ACT to Incorporate the Wilmington Seminary.

Be it enacted by the Governor and Legislative Assembly of the Territory of Kansas:

SECTION 1. That Henry Harvey, Stephen C. Oakley, Asael Penfield, James B. Ingarsell, Walter Oakley, E. H. Penfield and Asa Reynard, are hereby constituted a body corporate, under the name and style of the Wilmington Seminary, and they shall have perpetual succession and a common seal, and in their corporate capacity may sue and be sued, plead and be impleaded, defend and be defended, in all courts whatsoever.

SEO. 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 or dispose of pro

perty in such manner as will best promote the object of their

organization.

SEC. 3. That said corporation shall have power to confer all Powers granted the literary honor 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 schools.

appoint a facul

SEC. 1. That said board of trustees is hereby empowered to Trustees may appoint or elect a faculty, the president of which shall be ex- ty &c. officio president of the board of trustees, and to appoint or elect professors, tutors, and such other officers as the interests of the institution may require; they may also displace the same for sufficient reasons, and may make such by-laws and regulations as May make bywill in their opinion further the interests of the seminary.

laws &c.

SEC. 5. That the property held and owned by this corporation Free from taxashall be free from all taxation whatsoever.

tion.

SEC. 6. That the Wilmington Seminary shall be located in the Where located town of Wilmington, or within one mile of the limits of said.

town.

SEC. 7. That this Act to take effect and be in force from and

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AN ACT to Change the Name of Eliza Hamilton, and make her heir-at-law of
H. J. Canniff.

Be it enacted by the Governor and Legislative Assembly of
the Territory of Kansas:

Name changed

to Jennie E.

SECTION 1. That the name of Eliza Hamilton be, and is hereby changed to that of Jennie E. Canniff, and is hereby made the Canniff. heir-at-law of H. J. Canniff.

This Act to take effect and be [in] force from and after its

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CHAPTER LVII.

FRANKLIN INSURANCE COMPANY, OF LEAVENWORTH.

AN ACT to Incorporate the Franklin Fire, Marine and Life Insurance Company,

of Leavenworth.

Be it enacted by the Governor and Legislative Assembly of the Territory of Kansas:

SECTION 1. That all persons that do become stockholders in the capital stock hereinafter mentioned, their successors and assigns, shall be, and are hereby constituted and made a body corporate, by the name and style of the Franklin Fire, Marine and Life Insurance Company. The office of said Company shall be in the city of Leavenworth, in this Territory.

SEC. 2. That the capital stock of said company shall not exceed five hundred thousand dollars, and shall be divided into shares of one hundred dollars each; and there shall be paid into the treasury of said company, by each subscriber to the capital, at the time of subscription, an installment of five per cent. on the stock by him subscribed, the remainder to be paid or secured to be paid, on real estate or other security, as the directors hereinafter mentioned shall deem sufficient; and until five hundred shares of said stock is subscribed for, and paid, or secured to be paid as aforesaid, said company shall not commence business.

SEC. 3. That the stock, property and affairs of said company shall be managed and conducted by not less than six directors, and such officers, clerks and agents, and other persons as said directors may appoint from time to time; and the directors shall divide themselves into three classes. The term of the first class shall expire on the first Monday in February, in the following year, or as soon thereafter as others are elected in their stead.

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