ARTICLES OF INCORPORATION. XI 



to hold as investments the securities hereinabove referred to so transferred 

 by Andrew Carnegie, and any property which has been or may be transferred 

 to them or such corporation by Andrew Carnegie or by any other person, 

 persons, or corporation, and to invest any sums or amounts from time to 

 time in such securities and in such form and manner as are permitted to 

 trustees or to charitable or Hterary corporations for investment, according 

 to the laws of the States of New York, Pennsylvania, or Massachusetts, or 

 in such securities as are authorized for investment by the said deed of trust 

 so executed by Andrew Carnegie, or by any deed of gift or last will and 

 testament to be hereafter made or executed. 



Sec. 5. That the said corporation may take and hold any additional dona- 

 tions, grants, devises, or bequests which may be made in further support of 

 the purposes of the said corporation, and may include in the expenses thereof 

 the personal expenses which the trustees may incur in attending meetings or 

 otherwise in carrying out the business of the trust, but the services of the 

 trustees as such shall be gratuitous. 



Sec. 6. That as soon as may be possible after the passage of this Act a 

 meeting of the trustees hereinbefore named shall be called by Daniel C. Gil- 

 man, John S. Billings, Charles D. Walcott, S. Weir Mitchell, John Hay, 

 Elihu Root, and Carroll D. Wright, or any four of them, at the city of Wash- 

 ington, in the District of Columbia, by notice served in person or by mail 

 addressed to each trustee at his place of residence ; and the said trustees, or a 

 majority thereof, being assembled, shall organize and proceed to adopt by- 

 laws, to elect officers and appoint committees, and generally to organize the 

 said corporation ; and said trustees herein named, on behalf of the corporation 

 hereby incorporated, shall thereupon receive, take over, and enter into pos- 

 session, custody, and management of all property, real or personal, of the 

 corporation heretofore known as the Carnegie Institution, incorporated, as 

 hereinbefore set forth under "An Act to establish a Code of Law for the 

 District of Columbia, January fourth, nineteen hundred and two," and to all 

 its rights, contracts, claims, and property of any kind or nature; and the 

 several officers of such corporation, or any other person having charge of 

 any of the securities, funds, real or personal, books or property thereof, shall, 

 on demand, deliver the same to the said trustees appointed by this Act or 

 to the persons appointed by them to receive the same ; and the trustees of 

 the existing corporation and the trustees herein named shall and may take 

 such other steps as shall be necessary to carry out the purposes of this Act. 



Sec. 7. That the rights of the creditors of the said existing corporation 

 known as the Carnegie Institution shall not in any manner be impaired by 

 the passage of this Act, or the transfer of the property hereinbefore men- 

 tioned, nor shall any liability or obligation for the payment of any sums due 

 or to become due, or any claim or demand, in any manner or for any cause 



