Section 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the members of "The Pennsylvania Institution for the Deaf and Dumb," and all who according to the constitution and by-laws shall become members thereof, be, and they are hereby declared to be a body politic and corporate by the said name and style, to have perpetual succession, and be capable to take, hold and enjoy lands, tenements and hereditaments, to use a common seal, and to break, alter or renew the same at pleasure: Provided, That the clear yearly value of the real and personal estate by them held, shall not exceed thirty thousand dollars.