The chapter text below is provided for context. Scroll down to see the text of the law.
CHAPTER 429 AN ACT TO INCORPORATE CAROLINA COLLEGIATE AND AGRICULTURAL INSTITUTE. The General Assembly of North Carolina do enact:
The board of trustees shall use as in its judgment may be proper, for the purpose of such institute and for the benefit of education in industrial and agricultural arts any funds, buildings, lands, laboratories and other property which is or may come into its possession. The said board of trustees shall have the power to accept and receive and hold all manner of lands, tenement rents, annuities and other hereditaments, which at any time or times hereafter may be granted, bargained, sold, released, devised or otherwise conveyed to said corporation forever. Also the said corporation at all times hereafter shall be able and capable to purchase, have, receive, take, hold and enjoy in fee simple, any lands, tenements, rents, annuities or interest in real property by the gift, grant, bargain, sale, or devise of any person, persons, or bodies, corporation or politic capable to make the same; further shall be able to receive and possess all moneys, goods and chattels that have been given or shall hereafter be given, sold, released or bequeathed by any person or persons for the use of said institute. And same to apply according to the will of the donors. The said corporation shall have, hold, possess and use the same for the purpose of establishing and endowing said institute for the education of males and females of the white race.