Chapter XLI. *to incorporate Georgetown College in the District of Columbia.* June 10, 1844. *Be it enacted, &c*., To be called “ The President and Directors of Georgetown College.”James Ryder and others incorporated
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Chap. XLI.— An Act *to incorporate Georgetown College in the District of Columbia.* June 10, 1844. *Be it enacted, &c*., To be called “ The President and Directors of Georgetown College.”James Ryder and others incorporated. That there be erected, and hereby is erected, in Georgetown, in the District of Columbia, a college for the instruction of youth in the liberal arts and sciences, the name, style, and title of which shall be “ the President and Directors of Georgetown College.
” Sec. 2. *And be it further enacted*, That James Ryder, Thomas Lilly, Samuel Barber, James Curley, and Anthony Rey, 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, by the name, §ty)e, and title of “ the President and Directors of GeorgetownPowers of the corporation. College,” by which name and title they and their successors shall be competent, at law and in equity, to take to themselves and their successors, for the use of said college, any estate whatsoever, in any messuage, lands, tenements, hereditaments, goods, chattels, moneys, and other effects, by gift, bequest, 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 college, in such manner as to them, or a majority of them, 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 college; 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 the business touching or concerningProviso. the premises; *Provided*, That the same do not exceed the value of fifty thousand dollars nett annual income, over and above and exclusive of the receipts for the education and support of the students of said college.
Sec. 3. To have a common seal. *And be it further enacted*, That the said corporation shall adopt a common seal, under and by which all deeds, diplomas, and acts of the said college or corporation, shall pass and be authenticated, and the same seal at their pleasure to break and alter, or devise a new one. Sec. 4. Misnomer not to defeat a donation, &c. *And be it further enacted*, That no misnomer of the said corporation shall defeat or annul any donation, gift, grant, devise, or bequest, to or from the said corporation.
Sec. 5. Funds not to be employed in banking operations. *And be it further enacted*, That the said corporation shall not employ its funds or income, or any part thereof, in banking operations, or for any purpose or object other than those expressed in the first TWENTY-EIGHTH CONGRESS. Sess. I. Ch. 42, 43, 48, 76, 77. 1844. 913 section of this act; and that nothing in this act contained shall be soAct may be altered, &.c. construed as to prevent Congress from altering, amending, or repealing the same.
Approved, June 10, 1844.