(1) The board of regents has full power to accept legacies, bequests, devises, and donations for the benefit of the psychiatric hospital and to apply the same to the furtherance of the purposes of said hospital, to the end that these benefits may accrue to the greatest possible extent to the afflicted citizens of this state. (2) The director of said hospital shall serve as professor of psychiatry in the school of medicine of the university of Colorado.
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