and remain at or near Waynesville in the County of M^cLean and State of Illinois.

Sec 2 The object of the said Corporation shall be the promotion of the General interest of education

Sec 3 The Corporate powers hereby bestowed shall be such only as are essential or useful in the attainment, of said object; and such as are usually confored on similar bodies politic, viz. To have perpetual succession, to make contracts, to sue and be sued, plead and be impleaded, to grant and receive by its corporate name, and do all other acts that natural persons may, to accept, acquire, purchase, or sell property real, personal and mixed, in all lawful ways, to use, employ, manage, and dispose of all such property and all money belonging to said Corporation in such manner as shall seem to a majority of the Trustees best adapted to the promotion of the aforesaid object. To have a common seal and to alter and change the same to make and alter from time to time, such bye laws for its regulation as are not inconsistant with the constitution and laws of the United States or of this State, and to confer on such persons as may be considered worth such academical or honorary degrees as are usually confered by similar institutions.

titled to more than five votes.

Sec 4 The President and Trustees of said Corporation shall have authority from time to time, to prescribe and regulate the course of studies to be pursued, to fix the rates of tuition room rents, and the other expences of the institution to appoint instructors, and such other officers and agents as may be necessary in managing the concers of the institution, to define their duties, to fix their Compensation, and to displace or remove them. To erect necessary buildings, to purchase books, Chemical and philosophical apparatus and other suitable means of instruction, and to make rules for the general management of the affairs of the institution.

Sec 6 The trustees for the time being shall have power to remove any trustee from his office as such for any dishonorable or criminal conduct. Provided that no such removal shall take place without giving to such trustee notice of the charge against him and an opportunity to defend himself before the board; nor unless that two thirds of the whole number of trustees for the time being, concur in such removal. The trustees for the time being shall have power to fill any vacancy that may occur in the board from death, removal, resignation, or from any other cause. A majority of the trustees for the time being shall be a quorum to do business.

Sec 7 It shall be the duty of said Trustees to appoint a Secretary and Treasurer to the board the treasurer shall be required to give a bond with sufficient security in such penal sum as the board may prescribe, conditioned for the performance of such duties as the

---

bye-laws may require of him.

Sec 8 The said institution shall be open to all denominations of Christians, and the profession of any particular religious faith shall not be required of any that may become students. All persons however may be suspended or expelled from this institution by the trustees thereof who do no comply with its bye laws.

Sec 9 The lands, tenements, & hereditaments, to be held in perpetuity by virtue of this act by said Corporation shall not exceed Six hundred and forty acres. Provided, however, That if any donations, grants, or devices, in land shall from time to time be made to said corporation over and above the said six hundred and forty acres, which may be held in perpetuity as aforesaid, the same may be received and be held by said corporation for the period of five years from the date of any such donation, grant, or devise at the end of which time if said land shall not have been sold by the said corporation, then and in that case the said lands so donated, granted, or devised shall revert to the donor, grantor or the heirs of the devisors of the same.

Sec 10 That on the payment of the sum of ten dollars to the treasurer of said institution, every free, white person, shall be considered a stockholder and be entitled to one vote, and it shall be lawful for each and every stockholder for the time being of said institution, his executors administrators and assigns, to give, sell, devise, and dispose of their respective rights or shares, in said institution, and that the said assignees shall be stockholders and shall be entitled to all the rights and privileges in said institution as the original stockholders are by this act.

Sec 11 That Zebulon G. Cantrell, Joseph Statten, Russell

sand dollars of stock is subscribed, said Commissioners or any three of them shall be, and they are hereby authorised to give public notice by posting up written notices, in six of the most public places in the county, of the time and place of holding an election of President and trustees of the said institution; which election shall be held in the town of Waynesville, Illinois, and that the said commissioners or any three of them, be, and they are hereby appointed Judges of said Election.

Sec 12 That in case it should happen that any election of President and trustees should not take place on any day when pursuant to this act it should have been made, the said corporation shal not for that cause, be dissolved; but that it shall be lawful, on any other day to make an election of President and Trustees, in such manner as shall have been regulated by the bye laws and ordinances of said Corporation.