876 
     
     of the 
     
    
   
   
    
     and their successors in office shall have a com- 
     
     mon seal, with power to break, change and 
     
     alter the same, from time to time, as may 
     
     found requisite to serve for the enscaling all 
     
     and singular their grants, deeds, mortgages, 
     
     conveyances, leases and other contracts, and 
     
     all and singular their affairs and things touch- 
     
     ing and concerning the said corporation, and 
     
     shall be, in law, capable of sueing, pleading, 
     
     defending and answering, and of being sued, 
     
     impleaded, defended and answered unto in all 
     
     Courts of Judicature, in all manner of actions, 
     
     and also of contracting and being contracted 
     
     with relative to lands and funds of said corpor- 
     
     ation, and the other purposes for which it is 
     
     constituted, as hereinafter declared, and may 
     
     establish, put in execution, alter or repeal such 
     
     bye-laws and regulations as shall not be con- 
     
     trary to the constitution and laws of this 
     
     Island, as may appear to the said corporation 
     
     necessary and expedient for the interests 
     
     thereof, and for these purposes appoint their 
     
     own chairman and other officers, four to form 
     
     a quorum in all matters to be done and dis- 
     
     posed of by the said corporation. 
     
    

    
     II. That when any vacancy in the trust 
     
     shall arise, by death, resignation or otherwise, 
     
     during the first fifteen years of the continuance 
     
     of this Act, the Secretary of the Board of 
     
     Trustees shall give notice in two of the news- 
     
     papers of this Island, at least ten days previous. 
     
     that a meeting of subscribers will be held on a 
     
     given day for the election of one or more 
     
     Trustees to fill the vacancy or vacancies, and 
     
    

    
     'the said subscribers shall nominate three per- 
     
     sons for each vacancy so occurring,from whom 
     
     the Trustees shall select one or more as re- 
     
     quired; it is further provided that, at the ex- 
     
     piration of fifteen years, the filling up of any 
     
     vacancy afterwards occuring, shall be vested 
     
     in the Wesleyan Methodist Quarterly Board of 
     
     the Charlottetown Circuit, who shall nominate 
     
     three for each vacancy, and the Trustees shall 
     
     elect as hereinbefore provided. 
     
    

    
     III. The seal of said corporation and all 
     
     deeds; books, minutes, vouchers, subscriptions, 
     
     obligations and securities for moneys, and all 
     
     and every description of property really and 
     
     truly belonging to the subscribers shall, imme- 
     
     diately after the passing of this Act, come in- 
     
     to the custody and possession of the above 
     
     named Trustees, and shall be by them trans- 
     
     ferred to their successors immediately following 
     
     them in office as Trustees; the said Trustees 
     
     shall have power to make, establish and put 
     
    
   
   
    
     W. --.¥_...._-. ~~__..._. . v.-...__., _..__ _ __.- - " 
     
    
   
   
    
       
     
    
   
   
    
     ROYAL GAZETTE 
     
    
   
   
    
       
     
    
   
   
    
     Weslevan Methodist Society, and theyjin execution, alter or repeal such bye-laws, 
     
     frules and ordinances and regulations, not con- 
     
     ,trary to the laws of this Island or the pro- 
     
    
   
   
    
     beivisions of this Act, as the said Trustees shall 
     
    
   
   
    
     deem useful and necessary, as well concern- 
     
     ing the system of education in the said school 
     
     as for the government of the same, and also as 
     
     to and concerning the property moveable or 
     
     immoveable belonging to, or which shall here- 
     
     after belong to the said corporation, and also 
     
     as to who shall be deemed a subscriber to the 
     
     said school. 
     
    

    
     IV. It shall and may be lawful for the said 
     
     corporation to contract for and purchase, or in 
     
     any lawful mode, whether by demise, bequests 
     
     or otherwise, to acquire or obtain, either in 
     
     fee simple for life or for any term of years, 
     
     for the benefit of said school, any messuages, 
     
     lands, tenements, buildings, real or personal 
     
     estate whatsoever, in this Island, and to take 
     
     and receive the necessary legal conveyances, 
     
     securities and transfers thereof, and which said 
     
     messuagcs, lands, tenements, buildings, real or 
     
     personal estate, shall be and remain vested in 
     
     the said corporation, to be used and disposed 
     
     of, however, for the benefit of said school 
     
     according to the discretion of said corporate 
     
     body. 
     
    

    
     V. It shall and may be lawful for the said 
     
     corporate body, and they are hereby authorized 
     
     and empowered, to grant, sell, lease, exchange, 
     
     mortgage, convey or dispose of to such person 
     
     or persons as they shall think proper, and for such 
     
     prices, sums, rents or terms as shall be agreed 
     
     upon, the whole or any part of the said lands 
     
     and premises now held or hereafter to be con- 
     
     veyed to or held by the said corporate body, 
     
     and to such extent and proportion as they shall 
     
     think proper, and every deed, mortgage or 
     
     conveyance thereof, executed by the said 
     
     Trustees in their name of oflice, under their 
     
     common seal, shall be valid in law to convey 
     
     in fee simple, for years or otherwise, all such 
     
     estate, title and interest as the corporation of 
     
     the said Wesleyan Methodist School have or 
     
     may hereafter have in the same. 
     
    

    
     VI. It shall not be lawful for the said cor- 
     
     poration to hold real estate for the use of the 
     
     said school which shall exceed in value and 
     
     yield at any one time more than a clear net 
     
     yearly income of Five hundred pounds sterling. 
     
    

    
     VII. This Act shall be deemed a public 
     
     Act, and shall be judicially taken notice of as. 
     
     such by all Judges, Justices of the Peace and 
     
     ministers of Justice, and other persons whom- 
     
     soever, without being specially pleaded.