Acts of 1871, Ch. 151
AN ACT to Authorize the Boston Theological Seminary and the Trustees of Boston University to Unite. Be it enacted by the Senate and House of Representatives in General Court assembled and by the Authority of the same, as follows:
The Boston Theological Seminary is hereby authorized and empowered to transfer to the Trustees of Boston University, upon such terms and conditions as shall be fixed and agreed upon by said corporations, the school hitherto maintained by said Boston Theological Seminary, and all the powers, rights, privileges, franchises, property, claims, trusts, and estates, appertaining in law or in equity to said Boston Theological Seminary.
When such transfer shall have been agreed upon by the two corporations aforesaid, in meetings duly called to act upon that subject, and a certificate thereof signed by the presidents of such corporations shall have been filed in the office of the secretary of the Commonwealth, the Trustees of Boston University shall thereupon take and enjoy all the powers, rights, privileges, franchises, property, claims, trusts, and estates appertaining in law or in equity to said Boston Theological Seminary, subject to all duties, restrictions and liabilities belonging thereto and said Boston Theological Seminary shall thereafter remain a corporation only for the purpose of executing all such transfers, assignments, and conveyances as may be deemed necessary to vest all such rights, property, claims and estates in the Trustees of Boston University, and for the purpose also of receiving any gifts, devises and bequests that may have been made to it by will or otherwise, and transferring the same as aforesaid.
This act shall take effect upon its passage.
Approved March 30, 1871.