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Seven trustees may appoint a president, masters, fellows, professors, &c. &c.
and make bye laws, &c.
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III. And be it further enacted, That it shall and may be lawful for the said trustees, or any seven or more of them, to appoint one president and so many masters, fellows, professors and scholars on the foundation, and ministers, servants and assistants of, and in the said academy, with such pensions, salaries, exhibitions, wages and allowances, as to them shall seem fit; and also to make such bye-laws, rules, regulations and statutes, for the government of the said academy, and for the education and government of all such persons to be on the foundation thereof, or to be educated therein, and for the appointment and election of a president, masters, fellows, members and officers of the said academy, as to the trustees, or any seven or more of them shall seem meet; provided that the same shall not be contrary to law.
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