SEC. 3. Section three of Act Numbered Twenty-seven hundred and six is hereby amended to read as follows:
“SEC. 3. Any person or group of persons desiring to open or establish a private school or college must first secure the permission of the Secretary of Public Instruction before opening or establishing the same, and shall file with the Secretary of Public Instruction a petition setting forth:
“1. The name and location of the school or college.
“2. The names and addresses of all officers, directors, governing boards, and faculties.
“3. The date of the organization.
“4. The total amount of money actually invested and other information relative to the financial condition of the school or college.
“5. A description of the buildings occupied or to be occupied by the college or school, with full details regarding the number and dimensions of the rooms, plumbing and sanitary arrangements and facilities for the proper lighting and ventilation.
“6. A list of teachers, and assistant, showing their academic degrees, profession, experience, and qualification, and the subjects to be taught by each.
“7. Complete information concerning the curriculum to be established with full details regarding the amount of instruction to be given on each subject.
“8. Full information relative to laboratories, equipment and libraries.
“9. All other details and data which the Secretary of Public Instruction may request for the purpose of passing upon the application.
“If the Secretary of Public Instruction is satisfied that the opening or establishment of said school or college is warranted by public interest and that satisfactory instruction can be given by it, the said Secretary of Public Instruction may grant a temporary permit.
“No institution shall call itself or be called a University, unless and until it shall have fulfilled the following requisite in addition to those that may be prescribed by the Secretary of Public Instruction:
“1. The operation of a recognized post-graduate course in liberal arts and sciences or in education, leading to the master’s degree;
“2. The operation of a four-year under-graduate courses in liberal arts and sciences;
“3. The operation of at least three professional colleges;
“4. The possession and maintenance of a professionally administered library of at least ten thousand bound volumes of collegiate books; Provided, however, That the operation of a recognized post-graduate course in liberal arts and sciences or in education, leading to the master’s degree shall not be required of universities recognized as such prior to the approval of this Act.
“All private schools and colleges already opened or established before the approval of this Act which do not come under the supervision of the Secretary of Public Instruction shall meet all the requirements of this Act before June, nineteen hundred and thirty-eight. Failure to do so will subject the person or persons directing or managing the same to the penalties provided in section twelve of this Act in addition to the closure of the school, college or institution concerned.