First Wisconsin Trust Co. v. Board of Trustees of Racine College

The following opinion was filed April 7, 193-7:

Rosenberry, C. J.

We shall attempt to state only such facts as are necessary to disclose the questions raised and decided. The Board of Trustees of Racine College was incorporated by ch. 65, Laws of 1852. By the terms of that act Roswell Park, Elias Smith, Isaac Taylor and others were created a body corporate. By the act of incorporation it was the duty of the board of trustees faithfully to apply all funds by them collected in érecting suitable buildings supporting the necessary officers, instructors, etc. It was expressly pro*36vided that no…