A Better Colgate!

AN ACT to incorporate the Madison University
Passed March 26, 1846 by a two-third vote.

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

§ 1. Friend Humphrey, Seneca Burchard, William Colgate and associates are hereby constituted a body corporate by the name of “The Madison University,” for the purpose of promoting literature and science.  The said corporation will have perpetual succession with power to sue and be sued; to make and use a common seal and alter the name at pleasure; to hold real and personal property but it shall not at any time own real estate yielding an annual income exceeding $10,000.  The location of said university shall be at the Village of Hamilton, in the county of Madison.

§ 2. This is all the name of the original board of trustees: Friend Humphrey, Seneca D. Burchard, William Colgate, William L. Marcy, Palmer Townsend, William Cobb, Ira Harris, Henry Tower, Nathaniel Kendrick, Alva Pierce, Bartholomew T. Welch, Edward Bright, junior, William R. Williams, Robert Kelley, Harvey Edwards, Charles Walker, Smith Sheldon, Joseph Caldwell, John Moore, John N Wilder, George Curtis, Elias Tucker, Pharcellus Church, James Edmonds, Joseph Trevor, Amos Graves, Alonzo Wheelock are hereby appointed trustees of the said corporation are hereby appointed with power to fill any vacancy in the board, of whom nine members shall constitute a quorum for the transaction of business.

§ 3. The said board of trustees shall appoint to the professors, and such other instructors as they may deem necessary, subject to removal by a majority of the votes of all the members constituting the board.

§ 4.  The said university may grant to students under its charge, diplomas or honorary testimonials in such form as it may designate.  It may also confer such literary honors, degrees, and diplomas as are usually granted by any university, college or seminary of learning, in the United States.

§ 5.  Diplomas granted by the university shall entitle the possessors to the amenities and privileges allowed by usage or statute, to the possessors of like diplomas from any college or seminary of learning in the State.

§ 6.  The Diploma shall be conferred by the university, but in conformity with the laws of the State in force at the time of conferring the same.

§ 7.  The said University shall be subject to the visitation of the regents of the university of this State in the same manner and to the same extent as the various colleges in this State.

§ 8. The corporation hereby created shall possess the powers and be subject to the provisions of the third title eighteenth chapter of the first part of the Revised Statute, so far as the same are applicable and have not been repealed.

§ 9. The Baptist Education Society of the State of New York is hereby authorized to make such arrangement with the said University for the transfer of the property of the said society, or any part thereof, either absolutely or conditionally, to the said university, as the said society shall deem proper.

§ 10.  The Legislature may at any time alter or repeal this act.

State of New York, In Assembly, March 17, 1846.  This having been read the third time and two-thirds of all the members elected to the Assembly voting in favor thereof. Resolved that, the bill does pass.  Per order of the Assembly.
Wm. C. Crain, Speaker

            State of New York, In Senate March 25th, 1846. This bill having been read the third time, two-thirds of all the members elected to the Senate voting in favor thereof.  Resolved, that the bill does pass.  By order of the Senate.

  1. Gardiner, President

Approved this 26th day of March 1846. 
Silas Wright

 

State of New York, Secretary’s Office.
I have compared the preceding with an original law on file in this office and do certify that the same is a correct Transcript therefrom and of the whole of said original.

In testimony whereof I have herein affixed the seal of this office at the City of Albany, the seventh day of April in the year of our Lord one thousand eight hundred and forty six. 
Arch. D. Campbell