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An Act to amend the sixth Section of an Act entitled An Act concerning Slaves 1850 42 (1850.11)

handle is hein.slavery/ssactstx0051 and id is 1 raw text is: perpetual succession, and be capable ill law of holding, by pur- chase or donation, property both real and personal, in fee for years, so long.. as they confine their operationi to the promotion of edit- cation, provided, that the capital stock shall not exceed fifty thou slid dollars. SEc. 2. Be it further enacted, That books Shall be open to receive subscriptionis in sums not less than five dollars, and any person who shill subscribe the surn of live dollars, shall be considercd a portion or stockholder of said Academy, may have the righutto sell or'transfer their stock at pleasure, and shall have the privilege of voting in person or 'by proxy in all elections no- cessury fbr the government of said Academy, piroviled, no one stockholder shall own more than twenty shares, and provi. Wed, also, that no teacher in said Academy shall-be a stockholder ill the same. Sj.-c. 3. The stockholders may have the power to disfranchise any of their members by a vote of two thirds, provided, they pay tosucih stockholder the amount ef his subscription. Src. 4. The stockholders shall elect from their number-not less than five nor more than seven trustces, who shall hold their office as such for the term of one year, whose duty it shall be to procnre teachers, regulate prices of tuition, and govern gencrally the operattons of the institution, and shall httve power to elect from their number a President, Secretary, and rPreasurer, who shall hold their offices for the term for which the trustees are elected. Siec. 5. The trustees shall have power to make such by-laws as they deem necessary for their own government and the Iall- agement of the Instittilion, provided, they do not conflict with lie oonstitution and laws of the State, and may alter and amend 'them tt pleasure, and that this act-take eflct and bein force flom ald after its passage. Approved, December 3, 1S50. CHA&PTER LNVI[I. An Act to amend the sixth Secilon of an Act entitled ' An ic concerning Slaves, approved tll February, '1810. S-c'riorvl. ie it enacted by the Le ,islature of the State of Texas, That the sixth section of atn act entitled an act con- cerning slaves, approved 5th February, 1840, be amended so as to read as follows: Section 6. Bie it further enacted, That any

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