Whereas many friends of female education in this State subscribed
large sums "for the purpose of establishing a female college
within the corporate limits of Laurensville, South Carolina,
to be under the control of the Presbyterian denomination of Christians;"
and whereas an Executive Committee, appointed by them, memorialized
the Presbytery of South Carolina, (a Presbytery under the jurisdiction
of the General Assembly of the Presbyterian Church in the United
States of America, popularly recognized as the Old School General
Assembly,) at the Spring Sessions of said Presbytery, in the
year of our Lord one thousand eight hundred and fifty-six, praying
that said college be taken under its fostering care; and whereas
said memorial was referred to a Committee in order that said
Committee report thereon to said Presbytery at its Fall Sessions
in the year aforesaid; and whereas the said report was made accordingly,
and committed by said Presbytery to a special Committee; and
whereas the said special Committee, subsequently, in the latter
sessions, reported, for the consideration of said Presbytery,
the following resolutions, to wit: "Resolved 1. That Presbytery
consent to appoint twenty-four Trustees for said college; the
first eight for three years, the second eight for two years,
the third eight for one year; and then, annually, eight to be
appointed in the place of the eight to go out of office."
"2. That sixteen, at least, of these Trustees always be
members of the Presbyterian Church, and seven shall be necessary
to constitute a quorum to transact business." "3. The
entire management of the institution to be committed to the Trustees,
and they be required to report annually to this body." "4.
No pecuniary responsibility at any time, or under any circumstances,
to be incurred by this body;" and whereas the aforesaid
resolutions, coming on to be considered, were adopted by said
Presbytery, and the said Presbytery therefore appointed the following
Trustees of said institution, to wit: For three years: Dr. John
W. Simpson, Rev. David Wills, Samuel R. Todd, John A. Eigleberger,
Samuel Fleming, Henry C. Young, J. Wistar Simpson and Rev. Edward
T. Buist. For two years: Col. John D. Williams, Rev. Thomas L.
McBride, D. D., Rev. Z. L. Holmes, Rev. Thomas A. Hoyt, Rev.
John McLees, Rev. Savage Smith Gaillard, Hon. Thomas C. Perrin
and Hon. Joseph N. Whitner. For one year: Hon. David L. Wardlaw,
Hon. Job. Johnston, James Farrow, Esq., Rev. George Howe, D.
D., Andrew Crawford, Rev. John L. Kennedy, Rev. J. Kirkpatrick,
D. D., and Rev. R. C.
I. Be it therefore enacted by the Senate and House of Representatives, now met and sitting in General Assembly, and by the authority of the same, That the Trustees aforesaid, and their successors in office, to be appointed as aforesaid, by the said Presbytery, or such Presbytery as shall regularly succeed the same, and have ecclesiastical jurisdiction of the site of said college, as aforesaid, be, and they are hereby, created and declared a body corporate, under the name and style of "Trustees of Laurensville Female College," with all the capacities, powers and liabilities incident to corporations, and upon the terms stated in the resolutions hereinbefore recited, and subject to said terms, and to the Constitution and laws of this State; shall have power to make by-laws for their own government and that of the institution.
II. That said Presbytery have power, at any time, and from time to time, to remove such of said Trustees as they may deem proper to remove, and to supply vacancies arising from such removal or otherwise.
III. That in case the said college shall fall through, either before it goes into operation or afterwards, it shall be the duty of the said Presbytery, or of said Trustees, to apply to the Court of Equity for the sale of the property of said corporation, which court shall order said sale, and call in the creditors of the institution and the contributors to its funds, and decree an account of all the corporation assets, and shall judge the whole proceeds, after paying debts and expenses of suit, to be liable to the claims of those who have contributed, or shall contribute, property or money for the purposes aforesaid, so far as shall be necessary to reimburse said contributors: Provided, Said claims be made within two years after said decree, and that any overplus that may remain, or any fund not so claimed, be ordered by said court to be vested at interest, subject to the future order of said court, to be made for setting on foot any other institution for female education within the corporate limits of Laurensville, under the control of the "Presbyterian denomination of Christians," which said court may, on application, approve. That said Trustees do, within one year from this date, file in the Ordinary's office of Laurens District, and in the office of Commissioner in Equity for said District, a list of said contributors, with the sums or property contributed by them; and also, within one year, of any future contributions, shall file as aforesaid a list of the same as aforesaid.
IV. That this Act be deemed a Public Act.
In the Senate House, the twentieth day of December, in the year of our Lord one thousand eight hundred and fifty-six, and in the eighty-first year of the sovereignty and independence of the United States of America.
JAMES CHESNUT, Jr., President of the Senate.