O CHARTER. 



Sec. 2. The constitution and by-laws of said association now 

 in operation shall govern the corporation hereby created until the 

 same shall be regularly altered or repealed, and the present 

 officers of said association shall be officers of this corporation 

 until their respective terms of office shall expire, or be vacated 

 in pursuance thereof. 



Sec. 3. The property and effects now belonging to the asso- 

 ciation aforesaid shall, on acceptance of this charter, thereby 

 become vested in the corporation herein created, and all property 

 owned or held by this corporation shall be exempt from taxation 

 so long as the same shall continue to be held and used in good 

 faith for the objects and purposes aforesaid ; but whenever any 

 real estate of the corporation shall be leased to any other person 

 or persons, the leasehold interest therein shall be taxable to the 

 lessee or lessees thereof, as in other cases. 



Sec. 4. The members of this association acquire no indi- 

 vidual property in the real estate, cabinets, library, or other 

 effects thereto belonging, which are hereby declared to be fully 

 vested in the corporation as such ; but the interest of the mem- 

 bers therein shall be usufructuary merely, and shall not be trans- 

 ferred, assigned, hypothecated, or otherwise disposed of, than as 

 hereinbefore provided. 



Sec. '5. "Whenever this corporation shall have failed to answer 

 the purposes for whith it was created, or shall suffer its charter 

 to be forfeited by the law of the land, its cabinet collections and 

 library shall revert to and become vested in the City of St. Louis, 

 to be deposited with some public institution in said city, for 

 general use and inspection, under such regulations as the said 

 city may prescribe. 



Sec. 6. This act shall be taken as a public act, and be in 

 force from and after its passage. 



R. C. HARRISON, 

 Speaker of the House of Representatives. 

 H. JACKSON, 

 President of the Senate. 

 Approved, yanuary 17, I857. 

 TRUSTEN POLK. 



