ARTICLES OF INCORPORATION. 3 



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, per- 

 sons, 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 literary 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 exe- 

 cuted 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 Washington, 

 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 corpora- 

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

 incorporated, shall thereupon receive, take over, and enter into possession, 

 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 Colum- 

 bia, January fourth, nineteen hundred and two," and to all its rights, con- 

 tracts, 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 securi- 

 ties, 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 cor- 

 poration 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 



