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Courts of record whatsoever, and that 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
Your orators the Trustees of the University aforesaid duly Incorporated as aforesaid, further [shew??] to your
Honors, that the General Assembly of this State did by a law proposed at Raleigh in the year of our Lord
1794 entitled and act more liberally to endow the University of No. Carolina, and to Secure the titles of
Certain Inhabitants of Mecklenburg County and other Citizens of this State to certain lands heretofore
purchased of Henry E Mculloh enact that whereas a number of the Inhabitants of Mecklenburg County
and other Citizens of this State purchased lands of Henry E Mculloh taking the bonds of the said Henry
E Mculloh to make titles to the said purchased promises which lands have been Confiscated to the State
and the said purchasers Cannot procure titles to the same, and whereas other persons ^who^ purchased lands
of the said Henry E Mculloh Executed Mortgages to him for the said purchased promises previous to the 4th
day of July in the year of our Lord 1776. and it is proper that such persons should have some easy method
of Compleating their titles and removing the Incumbrances aforesaid, and it was further enacted by
the before mentioned act that so much and such part of the said Confiscated lands as may have been bona
fide purchased or Mortgaged as aforesaid are granted to and vested in the Trustees of the University of No.
Carolina and their Successors not only for the use and purposes above mentioned in this act, but on the
express trust that the said Trustees and their Successors shall take and use all proper ways & means
both in Law and Equity to Convey and assure to the equitable owners or Claimants of such lands
a good and Sufficient title in law to said lands so purchased or Mortgaged as aforesaid such equitable
owners or Claimants paying or Securing to be paid to the said Trustees and their Successors such sum
or sums of money as may be justly and equitably due on Such purchase or Mortgage provided
the Interest to be required from said Claimants shall in no Instance exceed the principal