Chapter 60.
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/statutes-at-large/vol-26/chapter-60-2959146·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 60.— An act to incorporate The King Theological Hall.January 7, 1891. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,District of Columbia. The King Theological Hall incorporated. Incorporators. That Thomas Underwood Dudley, William Paret, J. Houston Eccleston, John A. King, Henry E. Pellew, and J. C. Bancroft Davis be, and they are hereby, declared to be a body politic and corporate, with perpetual succession in deed or in law to all intents and purposes whatsoever Name, etc.by the name, style, and title of The King Theological Hall, by which name and title said body politic and corporate shall be competent, for Powers, etc.the purposes of this act only, at law and in equity, to take to itself any estate whatsoever in any messuage, lands, tenements, heriditaments, goods, chattels, moneys, and other effects, by gift, devise, grant, donation, bargain, sale, conveyance, assurance, or will; and the same to grant, bargain, sell, transfer, assign, convey, assure, demise, declare, to use and farm let, and to place out on interest, for the use of said Hall, in such manner as shall be deemed most beneficial to said institution: and to receive the same, their rents, issues, and profits, income and interest, and to apply the same for the proper use and benefit of the said Hall; and by the same name to sue and be sued, to implead and be impleaded, in any courts of law and equity, in all manner of suits, actions, and proceedings whatsoever, and generally. by and in the same name, to do and transact, all and every, *Proviso*.the business touching or concerning the premises: *Provided*, That Limit of income.the same do not exceed the value of twenty-five thousand dollars net annual income over and above and exclusive of the receipts for the education and support of the students of said Hall.
Sec. 2. That the government of the body politic and corporateGovernment by trustees. hereby created shall be vested in a board of not less than five trustees, who shall be elected by the corporators at a meeting of which at least Filling of vacancies.five days’ previous notice shall have been given. In case of any vacancy caused by the death, resignation, or removal of any trustee a. new trustee shall be elected by the surviving or remaining trustees, Removal from office.and any trustee may be removed from office by the unanimous vote of all the remaining trustees.
The hoard of trustees shall adopt a Seal.common seal, which they may alter at pleasure, under and by which all deeds, diplomas, and acts of the Hall shall pass and be By-laws.authenticated, and may enact bylaws for the government and regulation of Meetings.the institution, and change the same from time to time. All meetings of said board may be called in such manner as the trustees shall prescribe, and a majority of the members of the board shall constitute a quorum to do business, but a less number may adjourn from time to time.
Sec. 3. That the Hall is established for the purpose of fittingPurpose. students to become ministers in the Protestant Episcopal Church in Appointments.the United States. The trustees may appoint such officers as they think fit for the management of the affairs of the corporation, including instructors, tutors, professors, and lecturers, and may prescribe FIFTY-FIRST CONGRESS. Sess. II. Chs. 60, 61. 1891.709 their duties and fix their salaries and tenure of office. They may alsoDuties, salaries, etc. confer such degrees and grant such diplomas as are usually conferredDegrees, etc. and granted in other similar institutions.
Sec. 4. That the said corporation shall not employ its funds or income,Employment of funds, etc. or any part thereof, in banking operations, or for any purpose or object other than those expressed in this act: and that nothing in this act contained shall be so construed as to prevent Congress fromAmendment, etc. altering, amending, or repealing the same. Approved, January 7, 1891.