Acts of 1935, Ch. 166

AN ACT authorizing the Trustees of Boston University to make Contracts to pay Annuities and Validating Certain Contracts already made by Said Corporation. 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 Trustees of Boston University, a corporation established by law in this commonwealth, may, in consideration of the receipt of funds to be devoted to the purposes for which it is incorporated, bind itself to pay fixed yearly sums in one or more payments each year to such person or persons as may be agreed upon, for a term of years or for the life of such person or persons.

Section 2

Any such contracts made by said corporation prior to the effective date of this act, insofar as they are illegal for want of authority to make the same, are hereby validated.

Approved April 15, 1935.