Trustees Caldwell Institute v. Young

JUDGE ROBERTSON

delivered the opinioh oe the court:

The trustees of the Caldwell Female Institute, chartered for female education on a large scale in Danville, had bought about six acres of ground in that town, and had partially completed a large four-story edifice for fulfilling the benevolent purpose of the charter, when, on the 29th of December, 1859, they made a written agreement with A. E. Sloan, containing substantially the following stipulations, together with some others not now material:

1. That Sloan should be the moral superintendent and literary principal of the institute, and be…