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Sec. 3. And be it enacted, That the said Trus-
tees shall have full power and authority to ap-
point one of their own members President of the
Board, who shall preside at their meetings, and
during his absence to appoint a Vice President.
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To appoint
the President.
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Sec 4. And be if, enacted, That the Trustees
aforesaid may receive donations or subscriptions,
and appoint proper persons for receiving the same,
to an amount not exceeding forty thousand dol-
lars, for the purpose of erecting or purchasing the
necessary buildings, and carrying into effect the
objects of the institution.
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May receive
donations.
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Sec. 5. And be it enacted, That the aforesaid
Trustees, and their successors by the same name,
shall be" able and capable in law to purchase,
have, hold and enjoy to them and their successors,
in fee or for any less estate or estates, any lands,
tenements, annuities, pensions or other heredita-
taments within this State, by the gift, grant, bar-
gain, sale, alienation, enfeoffment, devise, bequest,
release or confirmation of any person or persons,
bodies politic or corporate, capable to make the
same, and such lands and tenements, rents, annu-
ities, pensions or other hereditaments, or any less
estates, rights or interests of or in the same, at
their pleasure, to grant, alien, sell and transfer in
such manner and form as they shall think meet
and convenient for the furtherance of the said col-
lege; and also that they may take and receive any
sum or sum or sums of money, and any kind,
maaner, or portion of goods and chattels that
shall be given, devised, bequeathed or sold to
them by any person or persons, bodies politic or
corporate, capable to make a gift or sale thereof,
and employ the same towards maintaining the said
college in such manner as they shall judge most
necessary and convenient for the instruction, im-
provement and education of youths in the vernac-
ular and learned languages, and generally in any
kind of literature, arts and sciences which they
shall think proper to be taught for training up
good, useful aud accomplished men for the service
of their country.
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May purchase
lands, &c.
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