Section 4
SEC. 4. The Board of Trustees shall have the following powers and duties, in addition to its general powers of administration: To receive and appropriate to the ends specified by law such sums as may be provided by law for the support of the Institute; To confer certificates, diplomas or degrees upon successful candidates for graduation; To appoint, on the recommendation of the President of the Institute, teachers, principals, supervisors, instructors, professors, lecturers, and other employees of the Institute, to fix their compensation, hours of service and such other duties and conditions as it may deem proper; to grant to them, in its discretion, leave of absence under such regulations as it may promulgate, any other provisions of law notwithstanding, and to remove them for cause after an investigation and hearing shall have been had; To approve the curricula and rules of discipline drawn up by the Institute Council as hereinafter provided; To fix the tuition fees required of students, as well as matriculation fees, graduation fees and fees for laboratory courses, and all special fees, and to remit the same in special cases; To provide fellowships for faculty members and scholarships to students showing special evidence of merit; To provide rules for its own government, and to enact for the government of the Institute such general finances and regulations, not contrary to law, as are necessary; To receive in trust legacies, gifts, and donations of real and personal property of all kinds and to administer the same and other properties of the Institute for the benefit of the Institute or for aid to any student, in accordance with the directions and instructions of the donor, and, in default thereof, in such manner as the Board of Trustees may in its discretion determine. To mortgage, lease, pledge, or otherwise encumber the whole or any portion of the real or personal properties of the Institute.