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other monies or funds whatsoever; and they shall be deposited in the hands of such corporation, or disposed of for safe keeping and improvement, in such other manner, as the General Assembly shall direct.

2. The Board of directors shall, from time to time, as they may see proper, lay before the Assembly plans for the improvement of the funds, and propositions for the appropriation of such sums as they may think necessary for particular purposes.

3. No money shall, at any time, be drawn from the funds, but by an appropriation and order of the Assembly for the purpose.

4. A fair statement shall annually be laid before the Assembly, by the proper officer, of the amount of the funds belonging to the Seminary, of the items which constitute that amount, and of the expenditures in detail for the preceding year.

5. The intention and directions of testators or donors, in regard to monies or other property left, or given to the Seminary, shall, at all times, be sacredly regarded. And if any individual, or any number of individuals, not greater than three, shall by will, or during his or their lives, found or endow a professorship or professorships, a scholarship or scholarships, or a fund or funds, destined to special purposes, said professorships, scholarships, or funds, shall for ever afterwards be called and known by the name or names of those who founded or endowed them. And if any congregation, Presbytery, Synod, or Association, shall found a professorship or professorships, scholarship or scholarships, or a fund or funds, said professorship or professorships, or scholarship or scholar

ships, fund or funds, shall forever afterwards be called or known by such name as the body founding them shall give.*

6. After supporting the professors, and defraying the other necessary charges of the Seminary, the funds shall be applied, as far as circumstances will admit, to defray or diminish the expenses of those students who may need pecuniary aid, as well as to lessen, generally, the expense of a residence at the Seminary.

CHAPTER III.

OF THE LOCATION OF THE SEMINARY.

Sect. 1. Princeton selected as the site, in 1812. THE resolution for locating the Theological Seminary, was again resumed; and, after considerable discussion and special prayer for direction on the important subject, was adopted, and is as follows: viz.

Resolved, That Princeton be the site of the The

The sum necessary to endow a Professorship is not less than 25,000 dollars, and to endow a scholarship, not less than 2,500 dollars.

ological Seminary; leaving the subject open as to its permanency, agreeably to stipulations agreed upon by the joint committees of the last Assemby and the Trustees of the College of New Jersey.

Sect. 2. The agreement between a Committee of the General Assembly and a Committee of the Trustees of the College of New Jersey, in 1811.

The following plan of an agreement, between a Committee appointed by the last General Assembly and a Committee of the Trustees of the College of New Jersey, for the location and establishment of a Theological Seminary, was submitted to this Assembly, and was adopted, and is as follows: viz.

1. That the Theological Seminary, about to be erected by the General Assembly, shall have its location in Princeton, or its immediate vicinity, in the State of New Jersey; and in such connection with the College of New Jersey, as is implied in the following articles.

2. That the Trustees of the College engage, that the General Assembly, and Directors to be by them appointed, shall carry into full and complete effect, without any interposition, interference, let or hindrance from them the Trustees or their successors, the whole plan of a Theological Seminary as laid down and agreed upon at a meeting of the Assembly, in the present year of our Lord 1811That is to say, that the said General Assembly shall appoint their Directors, choose their Professors, carry on their instruction, govern their pupils, and manage their funds, as to them shall appear best.

3. That the Trustees of the College engage to the General Assembly freely to allow them to erect, at their own expense, on the grounds belonging to the College, such buildings for the accommodation of pupils and professors as they may judge proper, and which may not interfere with the buildings and their conveniences already erected by the Trustees and to prevent all future dissatisfaction on this subject, that it be agreed, that when the General Assembly or the Directors of the Theological Seminary may wish to erect any building on the College grounds, and there shall be any discordance of views relative to the same; then the General Assembly, or the Directors aforesaid, shall appoint three men, and the Board of Trustees the same number, and these six shall choose one man, not belonging to either body; and these seven men, by a majority of votes, shall determine whether said building can be properly erected on said grounds, and if so, what shall be the site and size of the same; and that this determination shall be conclusive and final with both parties: Provided nothing contained in this arti cle shall be understood, to prohibit the General Assembly, or the Directors of the Theological Se minary from making use of any other ground with in the limits prescribed in article first for the purposes aforesaid.

4. That the Trustees engage to the General Assembly to grant them every practicable accommodation in the buildings now existing; not only till others may be erected by the General Assembly, but afterwards, so long as the same may be desirable.

5. That the Trustees engage to endeavour to receive into the College all the youth whom the Assembly, or the Directors by them appointed, may send to it for the purpose of education, subject to such examination at entrance, and to such discipline during their residence in College, as the other pupils of the College are subjected to; the Trustees to receive for the expenses of board, tuition, and room rent, the same as for others; and giving to the Assembly the assurance that as pupils increase, and the funds of the College will permit, they will reduce as low as possible, all the expenses of the pupils under their care.

6. That the Trustees agree to receive and hold, for the use of the Assembly, such sums of money, as they may voluntarily choose to deposite in the hands of the Trustees for improvement; so as to incur no inconvenience to said Trustees from the limitation of their charter; and that such sums of money be accordingly invested in such funds as the Assembly shall direct; that the Trustees pay the interest thereof when received to the order of the Assembly, keep it wholly separate from the funds of the College, and pay over or transfer to the order of the Assembly, the principal sum whenever they shall so direct.

7. That the Trustees grant to the professors and pupils of the Theological Seminary the free use of the College library; subject to such rules as may be adopted for the preservation of the books, and the good order of the same.

8. That, if the General Assembly shall wish to establish at Princeton an elementary school, for the instruction of youth in such learning as usually

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