Page:United States Statutes at Large Volume 18 Part 2a.djvu/69

 64, DISTRICT OF COLUMBIA. United States or the laws in force in the _District, as they may deem necessary for the government of the institution, and  confer upon such persons as may be considered worthy s_ueh_academ1cal or honorary degrees as are usually conferred by similar institutions. Aoquirenrent or Sec. 522. Such corporation shall be competent in law and equity to Pwvmy- take to themselves, in their corporate name, real, personal, or mixed ’ property, by gift, grant, bargain and sale, conveyance, will, devise, s,1,v,w,p,,,ga,co, or bequest ot any persons whomsoever, and to grant, bargain, sell, convey, devise, let, place out at lnterest, or otherwise dispose- of the same for the use of the institution, in such manner as shall seem most beneficial thereto. Tenure of prop- Sec. 523. Such corporation shall hold the property of the institution my- solely for the purposes of education, and not for the individual benem; 1.-,,,,,;,,;,,,,,,,,,],,, Sec. 524. The trustees, directors, or managers of any such corpora. applied. tion shall faithfully apply all the funds collected or the proceeds of the mj propertybelongiu g to the institution, according to their best judgment, in erecting or completing suitable bu11dings, supporting necessary ohicers, instructors, and servants, and procuring books, maps, charts, globe, and philosophical, chemical, and other apparatus necessary to the success of, said institution. Bequests, eso., Sec. 525. In case any donation, devise, or bequest shall be made for Mw to be appiwd- particular purposes, in accordance with the designs of the institution, 1,,,,, and the corporation shall accept the same, such donation, devise, or Bequest sléallbe applied in coniormity with the express condition of the onor or evisor. L,,,,,, to ,_,,,,,,,,,,, Sec. 526. No uch corporation shall hold more land at any one time or land corporation than necessary for the purposes of education, as set forth in its articles of mw Md- association, unless it shall have received the same by gift, grant, or me devise, and in such case the corporation shall be required to sell or dispose of the same within ten years from the time the title thereto is acquired. L,,,,,, ,,,,6,,,, ,0 Sec. 527. On failure to so dispose of the land, so much of the same Original ,1,,,,,,,, over and above the amount necessary to be used as provided in the when- £)l];g?:(gl;liIgsSB0tl0D shall revert to the original donor, grantor, devisor, or Ibid. · A,,,,,,,,,,,,,,,,,,,,, of Sec. 528. Such corporation shall have power to appoint a president omeers, sw. or principal for the institution, and such professors or servants as may ··E(T-———-—— be necessary, and to displace any of them, as the interests of the institutron require; to fill vacancies which may happen by death, resignation, $.22-£‘€iZL“.?a.§§?§r§3£? tm? °' “§*"i‘t"“’ *3%* P "’°“°“"° ““" s pursue ln ems 1 u ion. May ,,,1 ni ,, Sec. 529. Such corporation may require the treasurer of the institutreasurer to give tion, and all other agents thereof, before entering upon the duties of lf___; their appointment, to give bonds for the security of the corporation iu Ibid. such sums and with security deemed snlllcient by the corporation. Annual statement. SEQ. 530. It shall be the duty of the trustees of any institution, or a j·,;;,%— majority of them, to file, on or before the first Monday in January in each year, in the office of the recorder of deeds. a statement of the trus. tees and officers of the institution, with an inventory of its property and liabilities and students, and such other information as will exhibit its cogditiogg or operation. Process ugainst E0. 1. All process against an such cor oration h. wrromtion. mons, and the service of the same shall be byxieaving ain asittteztiid 23;* p,,,,_thereof with the president, secretary, or treasurer, or at the office of the Pmmum { corporatlop, at least sixty days before the return-day thereof forfeiture. ¤ vv Sec. 53... In case any such corporation shall at any time violate or _____ fail to comply with any of the preceding provisions upon com laint Ibid. being made to the supreme court of the District a writ of quo warliauto shall issue, and the district attorney of the United States or the attorney of the District shall prosecute, in behalf of the people, for a forgeiltgzpupf all rights and privileges secured by thi chapter to such cor-
 * r,,d_ of themselves, or of any contributor to the endowment thereof.