The Woodstock Academy Corporation
The Woodstock Academy Corporation shall exist to maintain and operate a school and engage in educational enterprises in said town of Woodstock for the benefit of the inhabitants of said town and vicinity.
The members of said Corporation shall consist, first, of all persons now living who are so-called stockholders of record of said Corporation, and second, of all persons twenty-one years of age or over who shall have attended The Academy conducted by said Corporation the equivalent of one school year, and shall have completed thereby with credit, the equivalent of one school year's work. The so-called stock of said Corporation hereafter shall not be transferrable by sale, gift, will, distribution, or otherwise.
All the property and affairs of said Corporation shall be under the management and control of a Board of Trustees consisting of not more than thirty and not less than five persons.
The Corporation meets annually in August/September to review the Annual Report.