The Fight for the Charter 63
McDaniel, Charles McCallister of Cumberland; Aaron J. Spivey,
Joseph B. Outlaw, Turner Carter of Bertie; Henry Austin of Edge-
combe; Daniel Boon, David Thompson of Johnston; Paul Phifer of
Rowan; Aleaxnder Moseley of Lenoir; George M. Thompson of
Pasquotank; Joseph Halsey of Tyrrell; Charles W. Skinner of
Perquimans; William Hooper of Orange; Amos J. Battle of Nash;
Josiah Wiseman of Davidson; Stephen Graham, Geo. W. Huffham of
Duplin; and David S. Williams of Sampson; be and they are hereby,
constituted a body corporate and politic for the purpose of educating
youth, and for no other purpose whatever, by the name and style of
"The Trustees of the Wake Forest Institute" and by that name shall
have a perpetual succession and a common seal, and be able and
capable in law to sue and be sued, plead and be impleaded, in all
courts either in law or equity; and shall take, demand, receive and
possess all moneys, goods and chattels which may be given; and all
donations made shall be applied acording to the wish of the donor, to
the purposes therein declared; and by purchase of otherwise to take,
hold and possess, to them and their successors forever, and lands suf-
ficient for the purpose of said institution, rents and tenements, in
special trust and confidence, and to apply the same, together with the
profits arising therefrom, to the use and purpose of endowing and
supporting said institution; and may purchase and hold for the pur-
poses aforesaid such chattels and personal property as they may deem
necessary: Provided, the amount of real and personal estate held by
this institution shall not at any one time exceed fifty thousand dollars.
II. And be it further enacted, That in case of the death, resignation,
refusal to act, or removal from the State of any of the said trustees for
the time being, then the surviving trustees, a majority being present,
shall fill said vacancies.
III. And be it further enacted, That the said Trustees shall have
power to appoint their own president, secretary and treasurer, and
such professors, tutors and all officers in and over the said institution,
as they shall deem qualified to discharge the duties of their several
offices, and may remove the same for misbehaviour, inability or
neglect of duty; they shall have power to make all necessary by-laws
and regulations, not inconsistent with the Constitution and laws of the
State, for the government of the said institution; and the said trustees
shall hold meetings from time to time, as often as necessity may re-
quire, and that nine trustees shall constitute a quorum to transact all
manner of business in relation to said institution.
IV. Be it further enacted, that all the real estate belonging to the
said corporation shall be subject to taxation as other real estate.
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