The charter, or letters patent, then proceed to create such a
corporation, and to appoint twelve persons to constitute it, by the name
of the "Trustees of Dartmouth College"; to have perpetual existence as
such corporation, and with power to hold and dispose of lands and goods,
for the use of the college, with all the ordinary powers of
corporations. They are in their discretion to apply the funds and
property of the college to the support of the president, tutors,
ministers, and other officers of the college, and such missionaries and
schoolmasters as they may see fit to employ among the Indians. There are
to be twelve trustees for ever, _and no more_; and they are to have the
right of filling vacancies occurring in their own body. The Rev. Mr.
Wheelock is declared to be the founder of the college, and is, by the
charter, appointed first president, with power to appoint a successor by
his last will. All proper powers of government, superintendence, and
visitation are vested in the trustees. They are to appoint and remove
all officers at their discretion; to fix their salaries, and assign
their duties; and to make all ordinances, orders, and laws for the
government of the students. To the end that the persons who had acted as
depositaries of the contributions in England, and who had also been
contributors themselves, might be satisfied of the good use of their
contributions, the president was annually, or when required, to transmit
to them an account of the progress of the institution and the
disbursements of its funds, so long as they should continue to act in
that trust.
Pages:
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113