College with a view of preparing themselves for the gospel ministry. To accomplish such a work, was one of the considerations which led to the founding of the College. In the language of the sainted Dr. Kirk,-'Our fathers built Colleges pro Christo et ecclesia, and so do we. It is this feature of the work of a Christian College which success." insures its ultimate 6 From Legacies, $47,516 54 5,416 50 The Receipts and Payments of the AMERICAN COLLEGE AND EDUCATION SOCIETY, for the Year ending April 30, 1877. RECEIPTS: From Donations, $52,933 04 Washburn College, Income of Funds, Debt, April 30th, 1877, 5,007 62-$57,940 66 Ripon College, 614 20 Doane College, Colorado College, 1,200 00 410 00 200 00 2,482 10 Olivet College, Drury College, Pacific Theological Seminary, Pacific University, Expenses - Salary Secretary, Less income from Secretary Fund, Salary Treasurer, 1,000 00 General expenses, including rent, General expenses in New York, BOSTON, JUNE 4, 1877.-I have examined the accounts of the AMERICAN COLLEGE AND EDUCATION SOCIETY, embraced in the above statement, together with the investment and income of the Permanent Funds, and find them correct. CHARLES C. BURR, AUDITOR. ACT OF INCORPORATION. Commonwealth of Massachusetts. IN THE YEAR ONE THOUSAND EIGHT HUNDRED AND SEVENTY-FOUR. AN ACT TO UNITE THE AMERICAN EDUCATION SOCIETY AND THE SOCIETY FOR THE PROMOTION OF COLLEGIATE AND THEOLOGICAL EDUCATION. Be it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of the same, as follows: SECTION 1. The American Education Society, and the Society for the Promotion of Collegiate and Theological Education, each a corporation heretofore established by the laws of this Commonwealth, are hereby authorized to unite, and form one corporation, upon such terms as may be agreed upon between such Societies, under the name of the American College and Education Society; and said corporation so formed by said union, shall thereupon, under said name of the American College and Education Society, have all the rights, powers, and privileges which either of said corporations now have, and shall become and be liable for all the debts and liabilities of either of said Societies, and may hold real and personal property to an amount not exceeding the aggregate which both of said Societies are now authorized to hold; and said corporation shall be subject to all the restrictions, liabilities, and duties of either of said Societies. SECTION 2. All the rights, privileges, interests, and property now held, or possessed, or owned by or belonging to said American Education Society, or said Society for the Promotion of Collegiate and Theological Education, shall upon such union become vested in, belong to, and be held by said united corporation in like manner and to the same uses and purposes as the same may be now held by said Societies respectively; and either of said Societies for the purpose of effecting and completing said union, is hereby authorized and empowered to assign, transfer, and convey any and all its said rights, |