Page:United States Statutes at Large Volume 91.djvu/1685

 PRIVATE LAW 95-8—OCT. 18, 1977

91 STAT. 1651

Charter Restatement Act and not inconsistent with the purposes of the University, and "(7) exercise all powers necessary, incidental, or convenient to the conduct of the purposes, business, and affairs of the University. " B O A R D o r TRUSTEES

'

"SEC. 4. (a) The management, direction, and government of the University shall be vested in a board of trustees (hereinafter in this Act referred to as the 'board'). The bylaws of the University shall Bylaws, provide for the election, number, term of office, residency requirements, qualifications, manner of election, filling of vacancies, and removal of ] members of the board. The bylaws may provide that members of the board be elected to terms of office commencing on different dates. The bylaws shall provide for appointment of an executive committee and other committees composed of members of the board with any power and authority, including any power and authority of the board, provided for in the bylaws of the University. "(b) No bylaw of the University which establishes qualifications for membership on the board may permit any individual (except the president of the University) to serve as a member of the board during the period in which the individual is serving as an officer, professor, lecturer, teacher, tutor, or employee of the University. a AUTHORITY OF THE BOARD OF TRUSTEES

"SEC. 5. (a) The board shall be responsible for the exercise of all powers and the discharge of all duties of the University in a manner consistent with this Act, shall have full authority over all personnel and activities of the University, and may appoint or elect any person to serve as an officer, professor, lecturer, teacher, tutor, agent, or employee of the University. Any person so appointed or elected may be removed by the board. "(b) The board may, by a vote of two-thirds of the individuals then serving as members of the board, adopt, amend, or repeal any bylaw of the University for— "(1) the conduct of the purposes, business, and affairs of the University, or "(2) the regulation of the internal government of the University. "(c) The board may, by a vote of two-thirds of the individuals then serving as members of the board, vote to merge the University with any other nonprofit organization.". SEC. 3. (a) The amendment made by section 2 constitutes a complete restatement of the charter of The George Washington University without disturbing the present and continuing corporate status of The George Washington University and supersedes all prior charter provisions of The George Washington University contained in the Act of Februray 9, 1821 (6 Stat. 255), and all amendments and supplements thereto. (b) Each individual who is a member of the board of trustees of The George Washington University on the date of the enactment of this Act shall continue to serve as a member until the member-ship termination date applicable to such individual. Approved October 18, 1977.

Amendment or repeal of bylaws.

Merger.

�