(110 ILCS 30/1) (from Ch. 144, par. 13)
Sec. 1.
Whenever property, real or personal, heretofore has been or
hereafter shall be bequeathed by will or
granted, conveyed or donated by deed or other instrument, to trustees with
direction that the property shall be applied by
them to the foundation and establishment
of an educational institution in this State, it shall be lawful for the
trustees in such case, in order to promote
better establishment,
maintenance and management of such institution, to cause a
corporation not for pecuniary profit under the provisions of this Act to
be formed, with
the rights, powers and privileges hereinafter provided for.
(Source: P.A. 84-549; 84-551.)
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