TITLE XVII. COLLEGES AND SEMINARIES OF LEARNING. SECTION 649. Articles of incorporation. 650. Board of Trustees. 651. Existing institutions. $649. Any number of persons who may desire to establish a college or seminary of learning may incorporate themselves as provided in this part, except that in lieu of the requirements of section two hundred and ninety, the articles of incorporation shall contain: 1. The name of the corporation. 2. The purpose for which it is organized. 3. The place where the college or seminary is to be conducted. 4. The number of its Trustees, which shall not be less than five nor more than fifteen, and the names and residences of the Trustees. The term for which the Trustees named and their successors are to hold office may also be stated. If it is desired that the Trustees, or any portion of them, shall belong to any organization, society, or church, such limitation shall be stated. 5. The names of those who have subscribed money or property to assist in founding the seminary or college, together with the amount of money and description of property subscribed. [In effect March 14, 1885.] § 650. Unless otherwise provided in the articles of incorporation the Board of Trustees shall, as soon as organized, so classify themselves that one fifth of their number shall go out of office every year, and thereafter the Trustees shall hold office for five years. A majority of the Trustees shall constitute a quorum for the transaction of business, and the office of the corporation shall be at the college or seminary. The Trustees shall have power: 1. To elect, by ballot, annually one of their number as President of the Board. 2. Upon the death, removal out of the State, or other vacancy in the office, or expiration of the term of any Trustee, to elect another in his place; provided, that where there are graduates of the institution, such graduates may, under such rules as the Board shall prescribe, nominate persons to fill vacancies in the Board of Trustees. Such nominations shall be considered by the Board, but it may reject any or all such nominations, and of its own motion appoint others. 3. To elect additional Trustees; provided, the whole number elected shall never exceed fifteen at any one time. 4. To declare vacant the seat of any Trustee who shall absent himself from eight succeeding meetings of the Board. 5. To receive and hold, by purchase, gift, devise, bequest, or grant, real or personal property for educational purposes connected with the corporation, or for the benefit of the institution. 6. To sell, mortgage, lease, and otherwise use and dispose of the property of the corporation in such manner as they shall deem most conducive to the prosperity of the corporation. 7. To direct and prescribe the course of study and discipline to be observed in the college or seminary. 8. To appoint a President of the college or seminary, who shall hold his office during the pleasure of the Trustees. 9. To appoint such professors, tutors, and other officers as they shall deem necessary, who shall hold their offices during the pleasure of the Trustees. 10. To grant such literary honors as are usually granted by any university, college, or seminary of learning in the United States, and in testimony thereof to give suitable diplomas under their seal, and the signature of such officers of the corporation and the institution as they shall deem expedient. 11. To fix salaries of the President, professors, and other officers and employees of the college or seminary. 12. To make all by-laws and ordinances necessary and proper to carry into effect the preceding powers and necessary to ad vance the interests of the college or seminary; provided, that no by-laws or ordinance shall conflict with the Constitution or laws of the United States, or of this State. [In effect March 14, 1885.] § 651. Any educational corporation, or body claiming to be such, now existing, may, by a unanimous vote of those of its Trustees present at a special meeting called for that purpose, and of which due notice shall be given to each Trustee, convey all its property, rights, and franchises to a corporation organized under this title: The fact that due notice of the meeting was given to each Trustee shall be conclusively proven by the entries in the minutes of the corporation or body making the Conveyance. Said minutes shall be certified to be correct by the President and Secretary. [In effect March 14, 1885.] DIVISION SECOND. PART I. PROPERTY IN GENERAL, §§ 654 749. II. REAL OR IMMOVABLE PROP ERTY, §§ 755-940. III. PERSONAL OR MOVABLE PROP ERTY, §§ 953-994. IV. ACQUISITION OF PROPERTY, SS 1000-1422. |