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the University and the interests thereof. And all such statutes and
regulations, when reduced to writing and made public, in such
manner as shall be provided by statute, shall be binding upon all
persons, members of the University or anywise subject to its
government.

The University shall have a common seal, and the Board of
Trustees shall have power to use the same for the affairs and con-
cerns thereof, and to direct and manage such affairs and concerns
and to receive, issue, invest, lay out, and dispose of all stocks,
effects, funds, moneys and securities, and to contract for and
purchase messuages, lands, tenements, and hereditaments, and
goods and chattels, for the use of the University, and to sell,
demise, alien, lease, or otherwise dispose of any property whatso-
ever, real or personal, belonging thereto, in any manner not re-
pugnant to the provisions of this Constitution.

The Chancellor for the time being, or in case of his absence the
Bishop next in order of consecration, shall be President of the
Board of Trustees.

All questions shall be decided by the majority of members pres-
sent, except when a vote by orders shall be called for.

The Board shall have full power to establish literary and
scientific departments, and those of theology, law and medical
science, and such other departments as they may see proper, and
to confer upon students, or any other person, the degree of Bache-
lor of Arts, Master of Arts, or any degree known and used in any
College or University. They shall have power also to appoint
persons to Fellowships, according to such regulations as they may
prescribe.

ARTICLE IV.

THE CHANCELLOR OF THE UNIVERSITY.

The Senior Bishop by consecration of the Dioceses aforesaid,
shall be the Chancellor of the University. He shall not be re
quired to reside at the University.

ARTICLE V.

THE VICE-CHANCELLOR.

There shall be appointed by the Board of Trustees a Vice-Chan-
cellor, who shall be the administrative head of the University. He
shall preside over all meetings of the Hebdomadal Board, and per-
form such other duties as may be prescribed by the Board of

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Trustees, and shall hold his office during good behavior, and
shall be required to reside at the University.

ARTICLE VI.

SECRETARY OF THE BOARD OF TRUSTEES.

The Board of Trustees shall appoint a Secretary, to hold his
office for the term of three years, or until his successor shall be
appointed.

ARTICLE VII.

TREASURER.

There shall be a Treasurer of the University, who shall be ap-
pointed by the Board of Trustees, and shall hold his office for the
term of three years, and continue in office until his successor is ap-
pointed and shall have given bond.

Such Treasurer shall receive the interest money derived from the
securities held by the Diocesan Treasurers, and all moneys paid in
for tuition, fees, lectures, tickets, fines, etc., and any funds which
may inure to the University otherwise, and expend the same under
the direction of the Board of Trustees. He shall perform such
other duties as may be required of him by the Board of Trustees,
and receive such compensation for his services as they may prescribe.
He shall give such bond and security as may be required by the
Board. He shall report annually to the Board of Trustees, the
state of the financies and property of the University, and shall be
required to reside at the University. He shall keep the funds of
the University, and all other funds deposited with him, under such
regulations as shall be made by the Board of Trustees.

ARTICLE VIII.

AUDITOR.

There shall be appointed by the Board of Trustees, an Auditor,
whose duty it shall be to examine and audit all accounts connected
with the business of the University, and perform such other duties
as may be prescribed by the Board. He shall reside at the Uni-
versity, and hold his office for the term of three years, and receive
such compensation as the Board of Trustees shall prescribe.

ARTICLE IX.

COMPTROLLER.

There shall be appointed by the Board of Trustees a Comptroller,