Board of trustees

“ The Attorney General, and the Secretary of the Interior, when it appears desirable in the interest of the conduct of the business of the board and to such extent as they deem it advisable, may, by written notice to the National Trust, designate any officer of their respective departments to act for them in the discharge of their duties as a member of the board of trustees. ”

“ To deprive a Board of Trustees of their Charter rights, after they have been accused of gross misconduct in office, without requiring any proof whatever of such misconduct, appears to your remonstrants unjust, and not conformable to the spirit of the free and happy government under which we live. If the property has been misapplied, if there has been any abuse of power upon the part of the Trustees, they are fully sensible of their high responsibility ”

“ There shall be a Board of Trustees of Real Estate, consisting of a member of the Council, to be designated by it, and four other members of the Club, one being elected annually by ballot to serve four years and until his successor is chosen.—These Trustees shall elect annually from their own number a chairman and such other officers as may be required, and may employ such assistance as they shall find necessary. They shall administer and manage any real estate which may be held by the Club as a public trust ”

“ The board of trustees, which, though composed of some of the wisest and best men in the community, is naturally slow in the formation of opinions, and still slower in its decisions, was quickened by this spirit of its own creation into clearer views and more energetic action. ”

“ The trustees shall have power to fill all vacancies occurring in the board by death, resignation, or otherwise; to adopt by-laws for their own government, and prescribe the duties of its officers and members, and they shall be empowered to receive by donation, bequest, purchase, or otherwise, and to hold and use properties, real and personal, to the amount of one hundred thousand dollars. ”

“ The Board of Trustees, as constituted by the Charter of 1769, at their annual meeting in August last, took into consideration the act of June, and adopted a resolution, 'not to accept its provisions.' In the preamble to this resolution, we find a paragraph in the words following: 'They (the Trustees) find the law fully settled and recognized in almost every case which has arisen, wherein a corporation or any member [110] or officer is a party, that no man or body of men is bound to accept, or act under, any grant or gift of corporate powers and privileges ”

“ If the president of the board of trustees is not the 'head of the corporation,' it is difficult to see who is, for no other executive or head officer is named in the charter. Indeed, it would seem that a service upon any officer of less grade would not be a compliance with the statute. ”

“ The ground of appellants' petition, therefore, is that they possess a perfect title established by the suit and decree referred to which entitled them to a deed from the trustees under the act of the legislative assembly of March 12, 1903. Laws of New Mexico, 1903, p. 72. That act becomes a factor for consideration. By it the district court of San Miguel county is vested with jurisdiction to manage, control, and administer the land grant. In the exercise of such jurisdiction power is conferred to appoint a board of trustees from among the residents upon the grant. ”

“ They have different names, and different powers, rights and duties; their organization is wholly different; the powers of the corporation are not vested in the same or similar hands. In one, the trustees are twelve, and no more; in the other, they are twenty-one. In one, the power is a single board; in the other, it is divided between two boards. Although the act professes to include the old trustees in the new corporation, yet that was without their assent, and against their remonstrance; and no person can be compelled to be a member of such a corporation against his will. ”

“ In case of any vacancy in the Board of Trustees, by death, resignation, or failure to attend the meetings, the remaining Trustees shall have power to fill the same, by an election at any regular or special meeting, for the unexpired term ”

“ If it reject the names of any members, it shall thereupon elect trustees in the stead of those rejected. In case of a vacancy on said board by death or resignation of a member, or from any cause other than the expiration of his term of office, the board shall elect his successor who shall hold office until the next session of the Legislature. No trustee shall receive any pay or emolument other than his actual expenses incurred in the discharge of his duties as such. ”

“ It is a good way to provide for five trustees, one to be appointed each year for a term of five years. This number is large enough to be representative, and small enough to avoid the great difficulty in securing a quorum if the number is large. The length of term in connection with gradual change of membership encourages careful planning, and it secures the much needed continuity of management and political independence. And yet there is sufficient change of officers so that the board will not be too far removed from the public will. ”

“ The Board or Boards of Trustees of every circuit, station, or mission, shall be members of, and responsible to, the Quarterly Conference of the same, which shall have power to dismiss any of them from office; and shall be required to present a report of their acts, at least once a year, to the Quarterly Conference.
5. No person who is a Trustee shall be ejected while he is in joint security for money, unless such relief be given him as is demanded, or the creditor will accept. ”

“ University trustees should not permit this matter to adjust itself as the one, thus gaining control, might be swayed by wrong motives or might be ill-balanced—in either case injury would come. Far better for the trustees to select some man of all-around fitness and to recognize him as the responsible head. Acting on this principle, trustees appoint as responsible president one who from their standpoint possesses the necessary qualifications and make him practically attorney in fact for the board, giving him free hand in all departments of the work. ”

“ The Board of Trade is required to take general cognizance of the conduct of trustees, to inquire into any complaints by creditors, and in the event of any trustee not faithfully performing his duties, to take such action, including the power of removal, as may be expedient. It may also direct a local investigation of the trustee's books and accounts, and may require him to answer any inquiries, or may apply to the court to examine him on oath. If any loss has arisen to the estate from any misfeasance, neglect or omission of the trustee, it may require him to make it good. ”

“ The trustees, three in number, are to serve three years, but may be indefinitely re-elected. They have unlimited power over all the temporalities of the society, but are bound to provide board, clothing, and dwelling for each member, "without respect of persons;" and to use all confided to their charge for the best interests of the society. ”

“ It was further provided that its affairs should be managed by eleven trustees, "selected from the different liberal professions and employments of life and the classes of educated men." The mayor was also to be a trustee by virtue of his office. The entire fund was vested in this board, with power to expend and invest moneys, and to appoint, direct, control, and remove the superintendent, librarian, and others employed about the library. The first trustees were named in the will, and Washington Irving was chosen president. ”

“ That these trustees should be called the Board of Directors and should constitute a perpetual body or corporation, fill ing any vacancy in their body by election, and filling it only with such an one as should be "a firm and consistent believer in the doctrines of Christian Science as taught in a book entitled Science and Health by Mary Baker G. Eddy, beginning with," etc. ”

“ The office of trustee is not a joint office, therefore there is no right of survivorship, and on the death of a trustee the survivors are incompetent to act, unless a certain number be declared or presumed to be a quorum, or the office be conferred on trustees and the accedors and survivors of them. ”

“ The trustees are the administrative agents of the commonwealth in this enterprise, and we may assume, as the Circuit Court of Appeals has held, that the trustees come within the general category of 'public officers' by virtue of their appointment by the Governor, with the advice and consent of the council, and their tenure and duties fixed by law. ”

“ If the incumbent of this office is fairly willing and capable, is he not suffered to do pretty much as he pleases, except it may be with regard to such large measures as the construction of buildings and the management of investments?
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Proportioned to the authority of trustees, however, is their responsibility. To whom much is given, of them much is required. And the position of the better sort of trustee valuable to the best work of the librarian, is not that sinecure seat sometimes depicted. ”

“ Trustees may undoubtedly be discharged by the chancellor, even without an act of the legislature, and as the mere substitution of a new trustee could neither defeat the trust nor divest the rights of those interested, it is not possible to see how the proposition of the plaintiff can be sustained. ”

“ It has been shown, that the charter is a contract on the part of the government, that the property with which the charity is endowed, shall be for ever vested in a certain number of persons, and their successors, to subserve the particular purposes designated by the founder, and to be managed in a particular way. If a law increases or diminishes the number of the trustees, they are not the persons which the grantor agreed should be the managers of the fund. ”

“ It is provided that additional trustees may be appointed notwithstanding that there is no vacancy in the office of trustee, and there is provision that a trustee or administrative trustee may resign at any time. ”

“ Paragraph 23 A trustee is a person who has agreed to hold or manage property for someone else's benefit, and anything to do with trusts is within the equity court's jurisdiction. The idea of a corporation is that its directors are trustees for its stockholders, managing the money they paid for their shares for their benefit, so any litigation over corporate affairs is a chancery case. ”