Section 5705. Extent to which property may be held

The said corporation
  may take and hold real and personal property to such an amount as may be
  or become necessary for the proper conduct and support  of  the  several
  departments  of  education  heretofore  established  or  hereafter to be
  established by its  board  of  trustees,  and  such  real  and  personal
  property  as  has been, or may hereafter be given to said corporation by
  gift, grant, devise or bequest in trust or otherwise, for  the  use  and
  purposes  permitted  by  its charter, and in cases of trusts so created,
  the several trust estates shall be kept distinct, and  the  interest  or
  income  shall  be  faithfully applied to the purposes of such respective
  trusts, in accordance with the provisions of the acts or instruments  by
  which the respective trusts were created.