Page:United States Statutes at Large Volume 91.djvu/1684

 PRIVATE LAW 95-8—OCT. 18, 1977

91 STAT. 1650

Private Law 9 5 - 8 95th Congress An Act Oct. 18, 1977 [S. 1060]

To amend the Act of February 9, 1821, to restate the charter of The George Washington University.

The George Washington University Charter Restatement Act.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as "The George Washington University Charter Restatement Act". SEC. 2. The Act entitled "An Act to incorporate the Columbia College in the District of Columbia", approved February 9, 1821 (6 Stat. 255), is amended to read as follows: ((ESTABLISHMENT 1. There is established in the District of Columbia a university and a body corporate which shall be known as The George Washington University (hereinafter in this Act referred to as the 'University') and which shall have perpetual succession. "SECTION

"PURPOSES

"SEC. 2. The purposes of the University are— "(1) to educate individuals in liberal arts, languages, sciences, learned professions, and other courses and subjects of study, "(2) to conduct scholarly research and publish the findings of such research, " (3) to operate hospital and medical facilities, and "(4) to engage in any activity incidental to the foregoing purposes. Such purposes shall be accomplished without regard to the race, color, creed, sex, or national origin of any individual. u POWERS

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"SEC. 3. In order to carry out the purposes of the University, the University may— "(1) grant or confer academic and honorary degrees, diplomas, and certificates under the seal of the University, "(2) establish any school, division, or department of learning to become a part of the University, "(3) receive, invest, and administer any gift or endowment of money or real or personal property, " (4) borrow money, with or without any security for repayment, at rates of interest determined by the board of trustees of the University without regard to the restrictions of any usury law, but may not plead any usury law as a defense in any action, "(5) enter into any agreement with any institution of learning for the purpose of providing to students registered at such institution the educational facilities of the University and the facilities of any agency of the United States available to the University, "(6) exercise all powers described in section 5 of the District of Columbia Nonprofit Corporation Act (D.C. Code, sec. 29-1005) on the date of the enactment of The George Washington University

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