SEC. 2. The said trustees by this act incorporated, shall have power, at any legal meeting, to elect a president of their own body, a secretary, a treasurer, and such other officers as they shall think proper, whose terms of office and duties shall be such as the board may appoint, and to remove the same, to establish such ordinances and by-laws, not contrary to the constitution and laws of this State or of the United States, as they shall think fit, for their own government, and the same to alter or repeal, to found in the village of Hanover, in the county of Jefferson, an institution for the education of the sons of the citizens of
this State and other States, of every class and denomination who may
resort to it, which institution shall be known by the name of Hanover
College; to establish in the said college professorships for the
instruction of the students thereof in the several branches of liberal
learning, to determine the course of studies, to appoint a president,
professors and other instructors therein as they shall deem proper, and
to remove the same at any regular meeting of the board by a vote of a
majority of the whole number of members of the board, after due notice
shall have been given to each member of the object of the meeting. The
president and professors shall be known by the name of the faculty of
Hanover College, and shall have power to conduct the instruction and
government of the students of the said college, subject to such
ordinances as the trustees may establish, by and with the consent of the
trustees; to grant all such degrees in the liberal arts and sciences as are
customary in other colleges in the United States, and to give diplomas
or certificates of the same, subscribed by the professors or president
and professors, and authenticated by the common seal of the college:
Provided, That no such degree shall be granted to any person who shall
not have made such attainments as are usually required as a
qualification for the same degree in other colleges. The said trustees
and their successors shall moreover have power to make and use a
common seal, and the same to alter or renew at pleasure; they shall be
and are hereby made capable in law, by the name and style of the
Trustees of Hanover College, to purchase, receive by donation, possess,
sell, lease or otherwise manage or dispose of any lands, tenements or
other hereditaments not exceeding at any one time in value one
hundred thousand dollars; and any moneys, notes, bonds, subscriptions,
bills, goods, chattels, devises or other property of whatever kind, as
they shall think proper for the use of said college; to contract and be
contracted with, to sue and be sued, plead and be impleaded in any
court or courts, before any judge, judges or justices within this State or
elsewhere in all manner of suits, complaints, pleas, causes, demands
and matters of whatever kind, nature or form, in as full and efficient a
manner as any other body corporate or politic of like nature within the
State may do.
SEC. 3. This act is hereby declared to be a public act, and shall be construed liberally for every beneficial purpose hereby intended, and no omission to use any of the privileges hereby granted shall cause a forfeiture of the same, nor shall any gift, grant, conveyance, or devise to or for the use of the said college be defeated or prejudiced on account of any misnomer or informality whatever: Provided, That the intention of the parties be shown beyond a reasonable doubt.
SEC. 4. The State reserves the right to alter and amend this act at any time by a vote of two-thirds of each branch of the General Assembly: Provided, That no alteration shall be made which shall change or affect the fundamental principles on which, or the objects for
which the institution hereby provided to be established, is founded.
SEC. 1. That the Institute known and chartered under the name and style of the Indiana Baptist Manual Labor Institute, shall hereafter be known by the name of the Franklin College, and that the board of trustees of Franklin College shall have and possess all the rights and privileges secured and conferred upon them as the board of trustees of the Indiana Baptist Manual Labor Institute, and shall in all respects be governed by the provisions of an act to incorporate the Indiana Baptist Education Society, and the Indiana Baptist Manual Labor Institute, approved January 30, 1836.
SEC. 1. That the second section of the act to which this is an amendment, be so construed as that the legislature shall never have the power to impair the fundamental principles of the incorporation by any act repealing said act of incorporation.