page_0002

sors forever, any lands, rents, tenements and heriditaments,
of what kind, nature or quality soever the same may be,
in special trust and confidence, that the same or the prof-
its therof, shall be applied to and for the use and pur-
poses of establishing and endowing the said University.

2. And be it enacted, That the said trustees and their
successors, or a majority of them, by the name aforesaid,
shall be able and capable in law to bargain, sell, grant,
demise, alien or dispose of, and convey and assure to the
purchases, and such lands, rents, tenements and heredita-
ments aforesaid, when the conditions of the grant to them,
or the will of the devisor, does not forbid it. And further,
that they, the said trustees, and their successors forever,
or a majority of them, shall be able and capable in law, by
the name aforesaid, to sue and implead, be sued and impleaded,
answer and be answered, in all courts of record whatsoever;
and they shall have power to open and recieve subscriptions,
and in general, they shall and may do all such things as are
usually done by bodies corporate and politic, or such as may
be necessary for the promotion of learning and virtue.

3. And be it further enacted, That the said trustees,
in order to carry the present act into effect, shall meet at
Fayetteville, on the third Monday in the session of the next
General Assembly, at which time they shall choose a president
and secretary; and shall then fix the time of their next annual
meeting; and at every annual meeting of the trustees, the
members present, with the president and treasurer, shall be a
quorum to do business, or a majority of the members, without
either of those officers, shall be a quorom; but at their
first meeting as above directed there shall be at least
fifiteen of the above trustees present, in order to proceed to
business; and the trustees at their annual meeting may ap-
point special meetings within the yeat; or in case unfore-