TO FOSTER, PROMOTE, AID AND ASSIST IN CONTINUED IMPROVEMENT AND MAINTENANCE OF HIGH EDUCATIONAL STANDARDS OF MINOT STATE UNIVERSITY; TO RECEIVE FUNDS AND PROPERTIES THROUGH GIFTS, DEVISES, BEQUESTS, GRANTS AND OTHER LAWFUL MEANS; TO SPONSOR AND PROVIDE ACADEMIC SCHOLARSHIPS AND GRANTS; AND TO GENERALLY PROMOTE AND DO SUCH THINGS AS ARE DEEMED ADVISABLE FOR THE CONTINUED WELL-BEING AND GOOD OF MINO…