« ForrigeFortsett »
president or principal and teachers, the trustees may issue and dispose of scholarships, on such terras and conditions as may he agreed upon between them and the person or persons receiving the same.
§ 7. The principal or trustees, wishing to redeem any of said bonds or certificates before maturity, shall give three months, notice thereof; and should the holder or holders refuse to sell, the interest on such bonds shall cease at the expiration of said three months. seminary to b8 § 8. The said female seminary, in all its departments, perwns. certain sna^ be 0Pen to all persons of such age and qualifications as shall be prescribed by the by-laws and rules of said incorporation, and the profession of any particular religious faith shall not be required of those who shall apply to become pupils; any one, however, may be suspended or expelled from said institution, whose habits are idle or vicious, and who refuse to obey the rules, or whose moral character is bad. president. § ^- The trustees shall elect a president, who shall be
one of their number, and may also appoint a secretary and treasurer, who may be stockholders, and require bonds, with security, from any officer or agent, conditioned for the faithful performance of the duties imposed upon them by this act of incorporation, and the regulations and by-laws made in conformity thereto. No. of trustees § 10. The board of trustees may be increased to the numSeLedbeor re- Der 0f twenty-one at any regular annual meeting of the duced. stockholders, or reduced to five. A majority present shall
always be a quorum to do business, and in order to have perpetual succession, shall have power to fill all vacancies which may occur in said board, from death, resignation, or from any other cause. Board of trustees § ^- There shall be elected annually, by the stockholdeiected annual- ers of said incorporation, a board of trustees, which shall ly' consist of not less than five nor more than twenty-one stock
holders, who shall hold their office until their successors are elected and qualified. And at all elections for trustees, each stockholder shall be a voter, and shall be entitled to cast as many votes as he or she may own shares of capital stock. The first election of trustees shall be held at such time and place, in June, 18&3, and annually thereafter on the day appointed, as the corporators may direct; and until such election is held the above named persons shall be trustees, and perform all the duties enjoined upon trustees by this act. power of trustees § 12. The board of trustees shall have power to establish p°artmOTtsh de" a preparatory department, in which the common branches may be taught; also, a normal department, for the training and qualifying of teachers of common schools, and shall be entitled to draw their proportion of the township, school, college and seminary funds, for such as may attend the
same: Provided, such reside in the district and county where the seminary is located.
§ 13. All property, of whatsoever kind and description, or property, belonging to or owned by said corporation, or held in trust by any person or persons for the use thereof—whether said property be held in fee or for a limited time—shall be free from taxation for any or all purposes; the amount of property so exempt not to exceed one hundred and fifty thousand dollars.
§ 14. This act shall be deemed to be a public act, and shall be in full force from and after its passage.
Approved February 21, 1863.
AN ACT to incorporate the Mattoon College. In force February
Whereas there has been, for some time, in successful ope- preamble,
Section 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That W. S. Robertson,. D. T. Mclntyre, D. F. McFarland, T. C. Pat- corporators. rick, Leonidas Chapin, Alpheus Hasbrouck, B. F. Henry, William Millar and James M. Miller, and their successors in office, be and they are hereby created a body corporate and politic, for the purpose of founding and maintaining, in the city of Mattoon, Coles county, Illinois, an institution of learning, to be styled the "Mattoon College," and by that styie-powers. name to remain in perpetual succession, with power to contract and be contracted with, sue and be sued, plead and be impleaded; to hold all kinds of property, real, personal and mixed, which they may acquire, by gift, grant, purchase, donation, devise, or otherwise, necessary to accomplish the object of the incorporation, and the same to dispose of, convey, or incumber, at pleasure—in which case all conveyances shall be signed and acknowledged by the president and secretary of said incorporation, by order of the Board of Trustees; to have and use a common seal, and alter the same at pleasure; to make and alter such by-laws, for the government of said incorporation, its officers and agents, not inconsistent with the constitution and laws of this State; and shall have and enjoy and may exercise all the powers,
rights and privileges which other corporate bodies may lawfully do, for the purposes mentioned in this act.
0bje(,t8 § 2. The objects contemplated by this act of incorpora
tion are, to build up and maintain, in the city of Mattoon, an institution of learning, of the highest class, for males, where all the refined, classical, ancient and modern literature, the arts and sciences, and every other branch of learning, may be taught, which is usually taught in all first class colleges in the united States, and for the inculcation of the principles of a sound christian morality.
Trustees § ^- ^^e Per80ns named in the first section, and their
successors, shall be the trustees of said institution, a majority of whom, met at any time, after all being duly notified of the time and place of meeting, shall be a quorum to transact business; and shall have power to erect the necessary buildings; to appoint a president or principal, professors and teachers, and any other agents and officers; to confer degrees in the liberal arts and sciences, and to do all other things, for the encouragement of sound christian morality and learning, which are lawfully done by the most approved and first class colleges in the United States.
president - his § *" -^e president of said "College of Mattoon," by and powers. with the advice of the trustees, shall have power, from time
to time, to ordain, regulate and establish the course and mode of instruction and education to be pursued in said institution, and, together with such professors, teachers and tutors, as may be appointed by said trustees, shall be entitled and styled the "Faculty of Mattoon College," and shall have power to adopt and enforce such rules as may be deemed expedient for the government of the institution— which rules shall be in force until disapproved or annulled by the trustees and faculty.
§5. The trustees, or a majority of them, shall have power
conferdegrees. to meet at such times as they shall deem necessary, by themselves or committee, for the examination of any candidates for literary degrees; and they are hereby empowered, upon recommendation of the faculty, to confer the same on such persons as in their opinion shall merit the same, and to give testimonials thereof; and such diplomas shall be signed by the president of "Mattoon College," and by all the faculty, by the president and secretary of the board of trustees, and shall have affixed thereto the seal of the institute.
Number of board § 6. The board may be increased to any number of trusmay be lucreas- teeg, not exceeding twenty-one, at any regular meeting of the stockholders, or reduced to five, a majority of whom shall be a quorum, always, to do business; and, in order to have perpetual succession, shall have power to fill all vacancies which may occur in said board, from death, resignation, or from any other cause.
Gifts, etc. § f- If any grant, gift, or devise, or bequest, shall be
made to said corporation, for particular purposes, in accord
ance with the design of this institution, and the trustees shall accept the same, it shall be applied in conformity with the express conditions prescribed by the grantor, devisor, or donor.
§ 8. The trustees aforesaid may cause to be opened B°c°|8tio£f "*" books of subscription to the capital stock of said incorporation, and may fix the whole amount of the capital stock, and may fix and limit the amount of each share and the number •f shares, and may close the said books whenever, in their judgment, a sufficient amount shall have been subscribed for the purposes hereof; which capital stock shall be deemed personal property, and shall be transferable, by assignment of certificate, on the books of said corporation, in such manner as the board of trustees shall prescribe; and for purposes of erecting suitable buildings, and endowing said institution, they shall have power to issue bonds and certificates of stock, secured by mortgage upon said institution—said bonds and certificates shall be in suitable sums and of such an amount as best to accomplish the objects for which they shall have been issued, having a reasonable time giveu for their redemption, and bearing such interest as may be fixed upon by said trustees, who shall make suitable provision for the interest falling due; and they may issue and dispose of scholarships, on such terms and conditions as may be agreed upon between them and the person or persons receiving the same.
§ 9. The said "Mattoon College," in all its departments, college open to shall be open to all persons, of such age and qualifications certain per8on9as shall be prescribed by the by-laws and rules of said incorporation; and the profession of any particular religious faith shall not be required of those who shall apply to become pupils; any one, however, may be suspended or expelled from said institution whose habits are idle, or vicious, or whose moral character is bad.
§ 10. The trustees shall elect a president, who shall be officers. one of their number, and may also appoint a secretary and treasurer, who may be of the stockholders, and require bonds, with security, from any officer or agent, conditioned for the faithful performance of the duties imposed upon them by this act of incorporation and the regulations and by-laws made in conformity thereto.
§ 11. There shall be elected, annually, by the stockhold- Trustees elected ers of said incorporation, three trustees, and when the num- annua yber is increased or diminished, then one-third of the whole number, to take the place of those who go out of office, and, annually, thereafter, under a rule, to be made by the board, at their first meeting after the adoption of this charter; and at all elections for trustees, each stockholder shall be a voter, and shall be entitled to cast as many votes as he or she may own shares of capital stock. The first election of trustees shall be held at such time in June, 1863, and, annually,
thereafter, on the appointed day, as the corporators may direct; and until such election is held, the above-named persons shall be trustees, and perform all the duties enjoined upon trustees by this act. Board to estab- § 12. The board of trustees shall have power to estabm"ents. epar' lish separate departments, as preparatory, in which the common branches may be taught; also, an agricultural and scientific department, for the advancement of agriculture and science; also, a normal department, or teachers, institute, for the training and qualifying of teachers of common schools; also, a commercial and law departments. And when such common school department shall be in operation, agreeably to the common school laws of this State, the trustees shall be entitled to draw their proportion of the township, school and State funds, for such scholars as may attend the same; Provided, such scholars reside in the district where the college is located; also, the trustees shall be entitled to draw their proportion of all college and seminary funds and appropriations of Congress and the Legislature, for similar schools and colleges. of property. § 13. All property, of whatever kind or description,
belonging to or owned by said corporation, or held in trust by any person or persons, for the use thereof, whether said property be held in fee or for a limited duration, shall be free from taxation, for any or all purposes, to the amount of one hundred thousand dollars.
§ 14. This act shall be deemed to be a public act, and shall be in full force from and after its passage. Approved Februry 21,1863.
lD for5|^une18' AN ACT to incorporate the Illinois Female College.
Whereas, by reason of the accidental burning of the west wing of the building of the "Illinois Conference Female College," the trustees became unable to meet their engagements and liabilities, without a sale of the property of the corporation; and a sale having been made to trustees, acting for a number of benevolent individuals, who furnished the funds to make the purchase, and pay the liabilities of the trustees and corporation, with an agreement that said trustees, in whose name the purcln se was made, shall convey the said property to a corporation, to be held for the use and under the patronage and control of the "Illinois Annual Conference of the Methodist Episcopal Church," as, and for a literary institution; and