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To what guardianship shall extend.
Guardian to be allowed his expenses.
More than one guardian of one person may be appointed.
Allowance of accounts of joint guardians.
Supreme Court may incorporate colleges.
Application for incorporation of olleges.
respect to other guardians, excepting that the provisions respecting
AN ACT to provide for the Incorporation of Colleges. –[Passed
The People of the State of California, represented in Senate and
SECTION 1. Any college may be incorporated in this state, according to the provisions of this act, by the Supreme Court of the state, upon application.
Sec. 2. The founders or contributors of any proposed college within this state shall make to the Supreme Court application in writing, under their hands, requesting that College may be incorporated, specifying the first trustees, and the name by which the corporation is to be called. (1)
(1) See Cal. Sup. Court Rep. vol. 1, page 329. Held, that in application for an order to incorporate a college under this act, it is necessary that subscriptions of real estate should define the boundaries or situation of the lands proposed to be given. Query—Whether the subscription under this act must not be a cash subscription.
Sec. 3. In case the court shall be satisfied that the proposed Court may college has an endowment of twenty thousand dollars, and that the o proposed trustees are capable men, then the court shall, by an instrument under its seal, declare the college incorporated, under the provisions of this act, by the name specified in the application; and the application, together with the declaration of the court, shall . be recorded in the office of the Secretary of State. recorded. SEc. 4. Immediately after recording the same, the property and too. In funds of such college shall be vested in the trustees so nominated, for trustees. the use and benefit of the college. Sec. 5. The trustees of every such college shall not be more than No of twenty-four, nor less than twelve in number; and seven trustees of §. any college shall constitute a quorum for the transaction of business. SEc. 6. The trustees of every such college shall be a corporation, style of known by the name and style of the President and Board of Trus- incorporation. tees of College; and by that name they and their successors shall be known in law, have perpetual succession, sue, and be sued, in all courts and in all actions whatsoever. Sec. 7. The trustees shall have power, 1. To elect by ballot, annu- É. of ally, one of their number as President of the Board: 2. Upon the death, removal out of the state, or other vacancy in the office of any trustee, to elect another in his place: 3. To elect additional trustees, provided the whole number elected shall never exceed twentyfour at any one time: 4. To declare vacant the seat of any trustee who shall absent himself from eight succeeding meetings of the board: 5. To receive and hold, by purchase, gift, or grant, any real or personal property, provided, that the yearly income of the college shall not exceed its necessary yearly expenses ten thousand dollars: 6. To sell, mortgage, lease, and otherwise use and dispose of such property, in such manner as they shall deem most conducive to the prosperity of the college : 7. To direct and prescribe the course of study and discipline to be observed in the college: 8. To appoint a President of the college, who shall hold his office during good behavior: 9. To appoint such Professors, Tutors, and other officers as they shall deem necessary, who, unless employed under a special contract, shall hold their offices during the pleasure of the trustees: 10. To remove from office the President, and every Professor, Tutor, or other officer employed, upon a complaint in writing, by any member of the Board of Trustees, stating the misbehavior in office, incapacity, immoral conduct of the person or persons sought to be removed, and upon due examination and proof of such complaint: 11. To grant
Effect of diploma
Bonds, bills, etc., not negotiable yable to person n whose favor they are made.
Such bonds, bills, etc., may be assigned by endorsement.
such literary honors as are usually granted by any university, college,
AN ACT relatire to Bonds, Due Bills, and other instruments in writing, and making them Assignable.—[Passed April 20, 1850.]
The People of the State of California, represented in Senate and
SECTION 1. That all bonds, due bills, and other instruments of writing, not negotiable, hereafter made by any person, body politic or corporate, whereby such person promises or agrees to pay any sum or sums of money, or articles of personal property, or any sum of money in personal property, or acknowledges any sum of money, or articles in personal property, to be due to any other person, shall be taken to be due and payable, and the sum of money or articles of personal property therein mentioned, shall, by virtue thereof, be due and payable to the person to whom the said bond, bill, or other instrument in writing is made.
SEC. 2. Any such bond, due bill, note, or other instrument in . writing, not negotiable, made payable to any person, shall be assignable by endorsement thereon under the hand of such person and his assignee, in the same manner as bills of exchange are, so as absolutely to transfer and vest the property thereof in each and every assignee successively.
SEc. 3. Any assignee to whom such sum of money, or personal
property, is by such endorsement made payable, or in case of the maintain an death of such assignee, his heirs, executors, or administrators, may action thereon. in his own name institute and maintain the same kind of action for the recovery thereof, against the person who made and executed any such note, bond, bill, or other instrument in writing, or against his heirs, executors, or administrators, as might have been maintained against him, by the obligee or payee, in case the same had not been assigned; and in every such action, in which judgment shall be given for the plaintiff, he shall recover his damages and costs of suit, as in other cases: Provided, that the maker or obligor shall be allowed to Proviso. set up in defence to the action of the assignee, any matter which he might have set up to the action of the payee, or obligee, when the same has arisen previous to notice of the assignment, but not otherwise. Sec. 4. Every assignor, his heirs, executors, or administrators, of Assignor liable every such note, bond, bill, or other instrument in writing, shall be too. liable to the action of the assignee thereof, his executors or administrators, if such assignee shall have used due diligence by the institution and prosecution of a suit against the maker of such note, bond, bill, or other instrument in writing, or against his heirs, executors, or administrators, for the recovery of the money or property due thereon, or damages in lieu thereof: Provided, that if the institution proviso. of such suit would have been unavailing, or that the maker had absconded, or left the state, where such assigned note, bond, bill, or other instrument in writing, became due, or within twenty days thereafter, such assignee, his executors or administrators, may recover against the assignee, or his heirs, executors, or administrators, as if due diligence by suit had been used. By “due diligence” shall be pu, alligence. understood the institution of suit within sixty days after the maturity of the obligation. SEc. 5. In any action which may hereafter be commenced in any want ofconsidercourt in this state, upon any of the instruments in writing mentioned ... in this act, by the obligee or payee thereof, of any of such instruments ..." "P" made or entered into without a good and valuable consideration, or if the consideration upon which any of such instruments were made or entered into, has wholly or in part failed, it shall be lawful for the defendant, against whom such action shall have been commenced by such obligee or payee, to plead such want of consideration; or that the consideration has wholly or in part failed; and if it shall appear that any of the aforesaid instruments were made or entered into with
Fraud in obtaining bill may be pleaded in bar.
Instruments for delivery of personal property— how satisfied.
Tender after assignment.
Legal tender to discharge maker.
out a good or valuable consideration, or that the consideration has