Chap. 329.—An ACT to Incorporate the Oakland Tnatiinte, at Doe Hill,
Highland County, Virginia.

Approved March 31, 1873.

1. Be it enacted by the general assembly of Virginia, That
Benjamin Hiner, James M. Seig, Randolph Turk, Alfred Arm-
strong, H. H. Jones, J. M. Wilson, Harman Hiner, William
Hiner, Jacob Matheney, Henry C. Jones, W. K. McNeer,
Jared A. Jones and S. C. Eagle, and their successors, be and
they are hereby constituted a body politic and corporate, under
the name and style of the trustees of the Oakland Institute,
and by that name have perpetual succession and a common
seal, and may sue and be sued, plead and be impleaded in any
court of law and equity; and the said trustees of the Oakland
Institute shall be capable in law to receive, hold and dispose of
real and personal property, in order to carry out the purposes
of their incorporation: provided, the amount of said real and
personal estate shall not exceed one hundred thousand dollars.

2. The officers of said Oakland Institute shall consist of a
president, vice-president, secretary and treasurer, who shall be
elected by the said trustees for the term of one ‘year, and until
their successors are elected.

3. The said Oakland Institute shall be under the manage-
ment and control of the said trustees and their successors, who
shall appoint professors for the term of four years, and from
time to time to make such by-laws, rules and regulations for
the government of the institution, not inconsistent with the
laws of this state.and of the United States.

4. The board of trustees, two-thirds concurring, shall have
power to remove any professor, officer or trustee, for good
cause, and whenever any trustee shall absent himself from
three successive meetings without assigning a sufficient reason
at the fourth, the said trustees shall have power, by entry on
their minutes, to declare his seat vacant. Five of the trustees
shall constitute a board for the transaction of ordinary busi-
ness, and any vacancies occurring in sald board of trustees,
either by death, resignation or otherwise, shall be filled by ap-
pointment of said board. ;

5. The treasurer shall receive all moneys accruing to the in-
stitute and property delivered to his care, and shall pay or de-
liver the same to the order of the board of trustees. Before
entering upon the discharge of his duties he shall give bond
with such security and in such penalty as the board shall di-
rect, made payable to the trustees for the time being and their
successors, and conditioned for the faithful performance of the
duties of his office in all such rules and regulations as the board
may adopt. .

6. The said board of trustees shall have power either by
themselves or their agents, to take and receive subscriptions
for said institute, and in case any person shall fail to pay his
or her subscription, to enforce the payment thereof by warrant
before a justice of the peace or by motion in any court of re-
cord in this commonwealth, according to the amount of said
subscription, giving ten days’ notice of said motion.

7. In order to promote the endowment of said institute it
shall be lawful for the trustees to issue and grant certificates of
scholarships; setting forth the amount of such scholarship,
which may be either perpetual or limited, and for such amounts
and upon such conditions as the trustees may determine, en-
titling the holders of such scholarships to such rights as to
placing pupils in the!school, and upon such terms as may be
set forth therein, which such certificate of scholarship may be
transferred, bequeathed or otherwise disposed of in the same
manner as any other property. .

8. The board of trustees, in connection with the president
and professors of the institute, shall have power to confer such
diplomas and literary titles as they may think best calculated
to promote the cause of either male or female education, or
both, the power being herein conferred upon said board of
trustees to conduct such institute for the education of either
males or females, or both, as may seem best to them.

9. This act shall not take effect until the first day of July,
eighteen hundred and seventy-three.