Millsaps College v. City of Jackson

Millsaps College is an educational institution, not operated for profit. It was incorporated by a special act of the Mississippi legislature approved February 21, 1890, which contains, among others, the following provisions.

The incorporators and their successors, under the name of Millsaps College, “ may accept donations of real and personal property for the benefit of the college hereafter to be established by them, and contributions of money or negotiable securities of every kind, in aid of the endow-, ment of such college.

“ Said corporation shall have the power to select any appropriate…