FRANCIS THOMAS, ESQUIRE, GOVERNOR.

1841.

of fifty dollars, nor more than ten votes for an amount of
subscription of one hundred dollars or more.
Sec. 4. And be it enacted, That the trustees for said
academy shall keep or cause to be kept a book, for the use
and as the property of said corporation, in which shall be
duly entered and recorded all subscriptions to, and for the
use of said corporate objects, and all other proceedings of

CHAP. 176.

Subscriptions
to be entered

said corporation.
Sec. 5. And be it enacted, That the said trustees and
their successors or a majority of them shall, have full pow-
er and authority, to make fundamental ordinances for the
government of the academy aforesaid, and the education of
youth, and to appoint such person or persons as they or a
majority of them may think proper to be' a teacher or

To make by-
laws.

teachers of the said academy.
Sec. 6. And be it enacted, That the said trustees and
their successors, or a majority of them, shall meet at least
twice in each year at such time as shall be appointed by
their own ordinances, in order to examine the progress of
the students and scholars, and hear and determine on all
complaints and appeals, and all matters touching the disci-
pline of the school, and the good and wholesome execution
of their ordinances, on all which occasions a majority at
least of the trustees shall compose a quorum.

General pow-
ers

Sec. 7. And be it enacted, That the said trustees and
their successors, by the name and style aforesaid, shall have
succession, and be capable in law, to sue and be sued, plead
and be impleaded, answer and be answered, defend and be
defended, in any court of justice whatsoever, and to make
and use a common seal, and the same to alter or renew at
pleasure, and severally to do and perform all things relative
to the management of the academy.

Legal capa-
city.

Sec. 8. And be it enacted, That nothing herein contained
shall be so construed as to authorize or empower this. cor-
poration to issue any note, certificate, device, or other evi-
dence of debt, to be used as currency.

Banking for-
bid.

Sec. 9. And be it enacted, That this act shall endure for
twenty years from its passage, and that the legislature re-
serves to itself the right to alter or annul this act of incor-
poration at pleasure.

In force
Rights reser-

ved