offices and franchises during the pleasure of the
legislature, and that the property holden belonged to the State, then
indeed the legislature have done no more than they had a right to do.
But this is not so. The charter is a charter of privileges and
immunities; and these are holden by the trustees expressly against the
State for ever.

It is admitted that the State, by its courts of law, can enforce the
will of the donor, and compel a faithful execution of the trust. The
plaintiffs claim no exemption from legal responsibility. They hold
themselves at all times answerable to the law of the land, for their
conduct in the trust committed to them. They ask only to hold the
property of which they are owners, and the franchises which belong to
them, until they shall be found, by due course and process of law, to
have forfeited them.

It can make no difference whether the legislature exercise the power it
has assumed by removing the trustees and the president and professors,
directly and by name, or by appointing others to expel them. The
principle is the same, and in point of fact the result has been the
same. If the entire franchise cannot be taken away, neither can it be
essentially impaired. If the trustees are legal owners of the property,
they are sole owners. If they are visitors, they are sole visitors. No
one will be found to say, that, if the legislature may do what it has
done, it may not do any thing and every thing which it may choose to do,
relative to the property of the corporation, and the privileges of its
members and officers.

If the view which has been taken of this question be at all correct,
this was an eleemosynary corporation, a private charity. The property
was private property. The trustees were visitors, and the right to hold
the charter, administer the funds, and visit and govern the college, was
a franchise and privilege, solemnly granted to them. The use being
public in no way diminishes their legal estate in the property, or their
title to the franchise. There is no principle, nor any case, which
declares that a gift to such a corporation is a gift to the public. The
acts in question violate property. They take away privileges,
immunities, and franchises. They deny to the trustees the protection of
the law; and they are retrospective in their operation. In all which
respects they are against the constitution of New Hampshire.

The plaintiffs contend, in the second place, that the acts in