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Article 1. Corporate Power of California Education Code >> Division 10. >> Title 3. >> Part 59. >> Chapter 1. >> Article 1.

The trustees of the Leland Stanford Junior University may exercise corporate powers and privileges. To that end they may:
  (a) Organize and act as a board of trustees.
  (b) Elect such officers of the board as they deem necessary.
  (c) Adopt bylaws. As a board, and through the officers thereof, they may transact such business, perform such acts and exercise such powers as they in writing provide may be transacted, performed, and exercised by the board.
The board may adopt a seal which shall read, "Seal of the Leland Stanford Junior University." The seal, when attached to any document or writing is prima facie evidence that the document or writing was made by and under due authority from the board and from the trustees.
Nothing in this article shall be deemed to alter the tenure or limit the powers or obligations of the trustees.