Sec[Section] 1. Be it enacted by the people of the State of Illinois, represented in the General Assembly, That Lucian Farnam, Alby Smith, Nathaniel Chamberlin, Austin Bryant, John M. Gay, Butler Dunham, and Jeremiah Porter, and their successors; be and they are hereby created a Body politic and corporate, to be Styled and known, by the name of the “Trustees of the Princeton Seminary”: and by that name and style, to remain and have perpetual succession: with full power to make Contracts; to accept, acquire, hold, and transfer, property real, personal, and mixed: to sue, and be sued: plead and be impleaded, in their Corporate capacity; to make, have, and use a common seal: and alter and change the same at pleasure: and said trustees shall never exceed the number of fifteenFor the present, the above named individuals shall constitute the Board of Trustees, who shall fill the remaining vacancies at their discretion.

Sec. 2. The object of said Corporation, shall be to promote the general interests of education, and to qualify young persons of both sexes for the several

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employments, and professions of society, and for the honorable and useful discharge of the various duties of life.

Sec. 3. The Princeton Seminary shall be located at, or near Princeton, in Putnam County; and within the bounds of township sixteen north, and range nine East, of the fourth principal meridian; and all moneys, funds and estate hereby vested in the trustees thereof: or which may be hereafter acquired by them in their Corporate Capacity, shall be held, used, and employed solely for the benefit of said Institution

Sec. 4. The Trustees shall have full power, from time to time, to prescribe and regulate the course of study to be pursued in said Seminary: to fix the rate of tuition, and other Seminary expenses; to appoint a president, professors, instructors, and such other officers and agents, as they may deem necessary, and proper in managing the concerns of the Institution; to define their duties, powers, and employments; to fix their compensation; to displace, and remove either, or all of the Instructors, Officers . . .

. . . in the Board. A majority of the trustees shall constitute a Board competent to transact all business, except the permanent appointment, or removal of officers; in which case, a concurrence of two thirds of the whole board shall be necessary. The trustees shall have at least one stated meeting in every year: and should any trustee hereby appointed, or hereafter to be chosen, refuse to serve, or fail to attend the meeting of the Board, for the term of one year after notification of his appointment, the seat of such trustee, or trustees, shall be declared by the Board to be vacant, and they may proceed to fill the vacancy.

Sec. 6 The trustees shall faithfully apply all funds collected, or hereafter to be collected, for said Seminary: according to their best judgment, in Erecting suitable buildings; in Compensating the necessary instructors, professors, officers and agents; in procuring books, maps, charts, globes, philosophical, chemical, and other apparatus, necessary to aid in the promotion of sound learning, in said Institution: provided, that in case any donation, devise, or bequest, shall be

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made for particular purposes, accordant with the Objects of the Institution; and the Trustees shall accept the same; every such donation, devise, or bequest, shall be expressly applied, in conformity with the Condition of the donor, or devisor

Sec 7. The Treasurer of said Seminary always, and all other agents, when required by the Trustees; before entering upon the duties of their respective offices: shall give bonds for the Security of the Corporation; in such penal sums, and with such sureties, as the Board of Trustees shall approve. And all process against the Corporation, shall be by summons, and the service shall be, by leaving an attested copy thereof, with the Treasurer; or at his office, or place of abode; at least thirty days before the return day thereof

Sec. 8. The said Seminary in all its Departments, shall at all times be conducted, on liberal enlightened principles; and be equally open, to all denominations of Christians: and the profession of any particular religious faith

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shall not be required of those, who become students. Any student however may be suspended, or expelled from said institution, whose habits are idle, vicious, on contumacious; or whose moral character is bad.

Sec. 9. The lands, tenements, and hereditaments, to be held in perpetuity, in virtue of this act, by said Corporation, shall not exceed one thousand acres, provided however, that if donations, grants, or devises in land, shall from time to time, be made to said Corporation, over and above said One thousand acres, which may be held in perpetuity as aforesaid; the same may be held, and received by the said Corporation, for the period of five years, from the date of every such donation, grant, or devise: at the end of which time, if the said lands, over and above the said One thousand acres, shall not have been sold by said Corporation; then, and in that case, the lands so donated, granted, or devised, shall revert to the donor, grantor, or the heirs of the devisor of the same