Page:United States Statutes at Large Volume 33 Part 1.djvu/664

 576 FIFTY-EIGHTH CONGRESS. Sess. II. Ch. 1828. 1904. Vlrirt Howe, Charles L. Hutchinson, Samuel P. Lapgley, William Lindsay, Seth Low, Wayne MacVeagh, Darius O. ills, S. Weir Mitchell, William W. Morrow, Ethan A. Hitchcock, Elihu Root, John C. Spooner, Andrew I). White, Charles D. Walcott, Carroll D. Wright, who shall constitute the first board of trustees. The board of trustees shall have power from time to time to increase its mem-‘ bership to not more than twenty-seven members. Vacancies occasioned by death, resi nation, or otherwise shall be nlled by the remaining trustees in sucdi manner as the by—laws shall prescribe; and the persons so elected shall thereupon become trustees and also members of the said corporation. The rincilpal place of business of the said corporation shall be the city of) Was ington, in the District of Columbia. powm. mf md Sac; 4. That such board of trustees sgall be entitled to take, guild iirhginfmmegm mm said Andrew Carnegie to the trustees of the Cijrnegie Institution and such other funds or property as may at any time be given, devised, or bequeathed to them, or to such corporation, for the purposes of the trust;- and with full power from time to time to adopt a common seal, to appoint such 0m00YS,mBlBb§3I;S of the board of trustees or otherwise, and such em loyees as may be deemed necessary in carrying on the business of the corporation, at such salariesor with such remuneration as they may deem pro r; and with full power to adopt by-laws from time to time and sucherules or regulations as may be necessary to secure the safe and convenient transaction of the business of the corporation; and with full power and discretion to deal with and expend the income of the corporation in such manner as in their judgment will best promote the objects herein set forth and in general to have and use all powers and authority necessary to promote such objects and carry out the purposes of the donor. The said trustees shall have further power from time to time to hold as investments the securities hereinabove referred to so transferred by Andrew Carnegie, and any property which has been or may be transferred to them or such corporation by Andrew Carnegie or by any other person, persons, or corporation, and to invest any sums or amounts from time to time in suc securities and in such form and manner as are permitted to trustees or to charitable or literary corporations for investment, according to the laws of the States of New York, Pennsylvania, or . Massachusetts, or in such securities as are authorized for investment by the said deed of trust so executed by Andrew Came ie, or by an Y deed of gift or last will and testament to be hereafter niadllz or executed. Atmmomx mma Sec. 5. That the said corporation may take and hold any additional °°'“‘ donations, grants, devises, or bequests which may be made in further support of the purposes of the said corporation, and may include in the expenses thereof the personal expenses which the trustees may incur in attending meetings or otherwise in carryin out the business of -the trust, but the services of the trustees as such schall be gratuitous. omnmmm. Sec. 6. That as soon as may be possible after the passage of this Act a meetin of the trustees hereinbefore named shall be called by Daniel C. Gdiman, John S. Billings, Charles D. Vllalcott, S. Weir Mitchell, John Hay, Elihu Root, and Carroll D. Wright, or any four of them, at the city of Washington, in the District of Columbia, by notice served in person or by mail addressed to each trustee at his place of residence; and the said trustees, or a majority thereof, being assembled, shall. organize and proceed to adopt by-laws, to elect officers and appoint committees, and generally to organize the said corporation; and said trustees herein named, on behalf of the corporation ereby incorporated,d shalldthereupon receive. take over, and enter Mnrwsement of into ssession, custo y, an mana ement of all ro eitv real or er- °r°tpmy’ °°°“ sonallllbf the corporation heretoforg known as thepCaih1egie Institution, l°l· 31* *’· 128** incorporated. as hereinbefore set forth under "An Act to establish a
 * "°P°"”Y“" ° ._ and administer the securities, funds, an ro rty so transferre y