Sec[Section] 1. Be it enacted by the people of the State of Illinois Represented in the General Assembly That Thomas Hartzell[,] Daniel Shepherd, William Paul, Nathan Gould, James Mears, James G. Laughlin[,] Ralph Ware, Felix Margrave, and Benjamin R Sheldon, and their successors, be, and they are hereby created a body politic and Corporate to be styled “The Trustees of the Granville Academy, and in that name to remain in perpetual succession, with power to sue and be sued, plead and be impleaded, to acquire, hold, and convey property, real and personal, to have and use a common seal, to alter the same at pleasure, to make and alter from time to time, such bye Laws as they may deem necessary for the Government of said institution, its officers and servants; Provided such bye Laws be not inconsistent with the Constitution and laws of the United States or of this State

Sec. 2 There shall not be less than nine, nor more than fifteen Trustees in Office at one time, one third of whom shall go out of office every year, the three first named in this act shall go out of office the first year, the next three shall go out of Office the second year, and the three last named shall go out ^of^ office the third year; but all shall be eligible to a re election The Trustees shall have power to fill such vacancies in their own body as may occur by death, resignation[,] or otherwise, one third of whom shall constitute a quorum: the Trustees shall hold the property of said institution, solely for the purpose of Education, and not as a stock for the individual benefit of themselves, or of any contributor to the endowment of the same;

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and no particular religious faith shall be required of those who shall become Trustees, or students of the institution

Sec. 3. Said institution shall remain located on its present site, adjoining the plat of the Town of Granville in Putnam County; and the said Trustees shall be competent, in law and equity to take to themselves and their successors in Office, in their said corporate name, any Estate, Real, personal, or mixed, by ^the^ Gift, Grant, bargain[,] and sale, conveyance, will, devise, or bequest of any person or persons whomsoever; And the same Estate, whether real or personal, to grant, bargain, sell, convey, demise, let, place out on interest[,] or otherwise dispose of for the use of said institution, in such manner as shall seem to them most beneficial to the institution. Said Trustees shall faithfully apply all funds collected, or the proceeds according to their best judgment, in Erecting and completing suitable buildings, supporting the necessary Officers, instructors, instructresses, assistants, and servants, and procuring books, maps, charts, globes, philosophical, and other Aparatus, necessary to the success of said institution: Provided Nevertheless That in case any donation, devise, or bequest, shall be made for any particular purpose accordant with the design of this institution, and the Corporation shall accept the same Every donation, devise, or bequest, so made, shall be applied in conformity with the express conditions of the donor or devisor

Sec 4. The Treasurer of the institution always, and all other Agents, when required, before entering on the duties of their appointments, shall give bonds for the security of the Corporation, in such penal sums, and with such securities, as the Board of Trustees shall approve, and all process against the corporation, shall be by Summons, and the service of the same, shall be by leaving an attested copy thereof with the Treasurer, at least thirty days before the return thereof

Sec 5. The Trustees shall have power to employ and appoint a principal for said institution, and all such instructors and instructresses, and also such assistants and servants as may be necessary, and shall have power to displace any or either of them, as they may deem the interest of the institution to require, to fill vacancies whish may happen by death, resignation[,] or otherwise, among said Officers, Assistants, and Servants, and to prescribe and direct the course of study to be pursued in said institution

Sec. 6 The lands within the bounds of this State, held in perpetuity by this charter, shall not exceed one thousand acres, held at one time; provided if donations in land shall be made at any time to said Corporation, which shall increase the quantity, to more than one thousand acres, the same may be received and held in trust by said Board of Trustees, and shall be sold in within five years from the date of such donation, for

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the benefit of said institution; in failure whereof, the lands so given, shall revert to the donor or grantor of the same, and the said Board of Trustees shall, in no case, lease or rent out, any lands so held in trust as last aforesaid