Pennsylvania Statutes Title 24 P.S. Education § 2533. Membership of board of trustees; name and style of board; power of board to take and dispose of property

The governor, secretary of the commonwealth, the president of the Pennsylvania state agricultural society, and the principal of the institution, shall each be ex officio a member of the board of trustees, * * *  1 which said trustees, and their successors in office, are hereby elected and declared to be a body politic and corporate in law, with perpetual succession, by the name, style and title of the Farmers' High School of Pennsylvania, by which name and title the said trustees, and their successors, shall be able and capable in law to take by gift, grant, sale or conveyance, by bequest, devise or otherwise, any estate in any lands, tenements and hereditaments, goods, chattels or effects, and at pleasure to alien or otherwise dispose of the same to and for the uses and purposes of the said institution: Provided, however, That the annual income of the said state, so held, shall at no time exceed twenty-five thousand dollars; and the said corporation shall by the same name have power to sue and be sued, and generally to do and transact all and every business touching or concerning the premises, or which shall be necessarily incidental thereto, and to hold, enjoy and exercise all such powers, authorities and jurisdiction as are customary in the colleges within this commonwealth.