...true construction of the charter of 1 769. This is the point on which the cause essentially depends. If the act of incorporation be a grant of political power, if it create a civil institution to te employed in the administration of the government, or if the funds of the college be 630 CASES IN...

...562. — [4 Wheaton US Rep. 518.] At page 629 of the same case, Chief Justice Marshall remarks : " If the act of incorporation be a grant of political...employed in the administration of the government, the subject is one in which the Legislature of a State may act according to its own judgment, unrestrained...

...expense it has been acquired. The principle may be stated in a more general form. If a charter be a mere grant of political power, if it create a civil institution,...administration of the government, or, if the funds be public property alone, and the government alone be interested in the management of them, the legislative...

...562. — [4 Wheaton, US Rep. 518.] At page 629 of the saune case, Chief Justice Marshall remarks : " If the act of incorporation be a grant of political...employed in the administration of the Government, the subject is one in which the Legislature of a State may act according to its own judgment, unrestrained...

...then, the principle is distinctly recognised, that if a corporation created by a State Legislature " be a grant of political power, if it create a civil...employed in the administration of the Government," then the charter may be altered or repealed at pleasure by the State 'Legislature. The distinct principle...

...act of incorporation [of Dartmouth College] be a grant of po. litical power; it' it create a c'nil institution to be employed in the administration of...Government; or if the funds of the college be public properly; or if the State of New Hampshire, as a Government, be alone interested in its transactions,...

...purposes, the Legislature may change, modify, enlarge, or restrain them." That " if a charter be a mere grant of political power, if it create a civil institution,...administration of the government, or, if the funds be public property alone, Bsnk of the State of Arkansas against James Clark, and others. and the government...

...expense, it has been acquired. The principle may be stated in a more general form. If a charter be a mere grant of political power, if it create a civil institution,...administration of the government, or if the funds be public property alone, and the government alone interested in the management of them, the legislative...

...court of equity to execute the trust." And in the same case, page 629, Chief Justice Marshall said: "If the act of incorporation be a grant of political...the college be public property, or if the State of Xew Hampshire, as a government, be alone interested \n its transactions, the subject is one in which...

...equally well settled that when an act of incorporation is a grant of political power, where it creates a civil institution to be employed in the administration of the government, or where the whole funds of the institution are public funds, the charter is completely within legislative...