Word: agreements
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Dates: during 1910-1919
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...More than two years ago Harvard and the Massachusetts Institute of Technology entered into an agreement for co-operative instruction in certain scientific subjects, to be conducted out of the income of the Gordon McKay Endowment. It is generally known that the Harvard Corporation has filed with the Supreme Judicial Court of Massachusetts a bill for instructions to determine whether the income from this endowment can be used as the Agreement provides. The general situation may be summarized as follows...
...department of the University, but Harvard must invest and care for the principal of the fund, expend the income and carry out the purposes of the trust. It may not delegate these duties to any other institution, and the principal question is whether it has done so by the Agreement with Technology...
...Agreement provides, in general, that the University and Technology 'shall co-operate in the conduct of courses leading to degrees in Mechanical, Electrical, Civil and Sanitary Engineering, Mining and Metallurgy and in the promotion of research in those branches of applied science,' and that the work shall be conducted in the new Technology buildings in Cambridge. To these purposes Harvard will devote not less than three-fifths of the net income of the Gordon McKay Endowment and all of the net income from funds now credited to the Lawrence Scientific School. The Institute will devote the principal and income...
...bill in equity filed by the University sets out the Agreement and the provisions of the Gordon McKay Endowment and states that in the opinion of the Harvard authorities the co-operative plan of education proposed by the Agreement is in complete accord with the provisions of the Endowment but that, as the present Trustees of the Endowment are doubtful of its legality, the University desires instruction from the court...
...support of the Agreement it is urged that under its provisions the University maintains complete control over the expenditure of the income of the McKay Endowment, and also over the administration and regulation of the education, as represented by Harvard degrees, to be furnished under the co-operative plan. The broad discrimination admitted to Harvard by Gordon McKay's will is believed to give the University a free hand in choosing the instrumentalities by which the education is to be furnished, so long as Harvard maintains complete power to direct those instrumentalities. Further considerations are that although Gordon McKay...