[Source: Acts of the General Assembly of the Commonwealth of Kentucky. Frankfort, Ky. : A.G. Hodges, 1854]
An ACT to incorporate the Henderson Female Institute of Danville
Approved March 6, 1854
1. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That a seminary of learning for the education of females be established in the town of Danville, Boyle county, to be known by the name and style of the Henderson Female Institute of Danville, in honor of Charles Henderson, Esq., to be under the management of John R. Ford, James S. Hopkins, Ormond Beatty, George F. Lee, W. Welsh, John Lyle, Robert Russell, Joseph McDowell, and Samuel Caldwell, the elders of the first and second Presbyterian churches of the town of Danville, and their successors in the office of elder in the said churches, and the said elders and their successors in the office of elders in said churches, be and they are hereby constituted and created a body politic and corporate, by the name and style of the Henderson Female Institute of Danville, by which name they shall have perpetual succession, and a common seal, with power to change the same at pleasure.
2. The said corporation shall have power to receive, acquire, and hold for the benefit and purposes of said institution, by donation, devise, or purchase, any lands, tenements, money, or other property or estate, real, personal, or mixed, not exceeding the sum of one hundred thousand dollars; may contract and be contracted with, sue and be sued, plead and be impleaded, answer and be answered unto, in all courts of competent jurisdiction.
3. That the said John R. Ford and others incorporators herein, elders of the first and second Presbyterian churches of Danville and their successors in the office of elders in said churches, shall have power to appoint a president, treasurer, and secretary of said institution, and professors and teachers and other officers; they shall have power to open books for the subscription of stock, and fix and determine the amount of shares of stock, and regulate the terms of payment of same and the issue of certificates therefor, and make all needful rules and by-laws for the proper management of said institute and the regulation of the various departments thereof, not inconsistent with the constitution of this state or of the United States. They shall have power to employ officers, agents, and teachers, and fix and regulate their compensation and salaries; to control and manage the affairs of said institute agreeably to this act and their by-laws, and to confer degrees of honor and merit, and diplomas of graduation in literature, science, and the arts. They shall have power to regulate and determine and adjust with subscribers of stock the terms and conditions of all subscriptions to said corporation, and make any contract in relation thereto, not inconsistent with their by-laws or the constituition of this state or of the United States. That they shall have power to appoint a board of visitors or directors, and by their by-laws delegate to them any portion of the powers and privileges conferred by this charter on the said incorporators and their successors as elders aforesaid, and define the duties of said visitors or directors.