§ 10. The Trustees of the Corporation hereby created shall, in the month of January, render an annual account, under oath, of all their receipts and expenditures, to the Common Council of the City of New York, "The Associates of The Cooper Union for the Advancement of Science and Art," and to the Legislature of the State.

§ 11. The premises and property mentioned in the said deed, and which shall at any time belong to or be held in trust by the Corporation hereby created, or the Trustees thereof, including all endowments made to it, shall not, nor shall any part thereof, be subject to taxation while the same shall be appropriate to the uses, intents and purposes hereby and in the said deed provided for, provided, however, that all real property acquired and all improvements made thereon, on or after July first, nineteen hundred sixty-nine shall be exempt from taxation only to the extent provided by law for property used for educational purposes.

§ 12. The Supreme Court shall possess and exercise a supervisory power over the Corporation hereby created, and may at any time, on reasonable notice of application thereof to the Board of Trustees, compel from the Trustees, collectively or individually, a full account of the execution of their trust; and the Trustees shall at any time render a like full account of the execution of their trust, on the request of either branch of the Legislature.

§ 13. All provisions of the act hereby amended, not hereby re-enacted, are hereby repealed.

§ 14. This act shall take effect immediately.

State of New York,
Secretary's Office. 

I have compared the preceding with the original law on file in this office, and do hereby certify that the same is a correct transcript therefrom, and of the whole of said original law.

Given under my hand and seal of office, at the city of Albany, this twenty-third day of April, in the year one thousand eight hundred and fifty-nine.

[L.S.]

       S. W. Morton,
                 Dep. Secretary of State.

   The Foundation Building