It is enacted by the General Assembly as follows:

SECTION 1. Section 3 of that act passed at the January Session, 1958 entitled "An Act to Incorporate Bishop Hendricken High School" is hereby amended to read as follows:

Sec. 3. Said corporation may receive and acquire by gift, devise, bequest, purchase or otherwise, and may hold, manage and dispose of real and personal estate, and the income thereof to an amount not exceeding {DEL two DEL} {ADD fifteen (15) ADD} million dollars which shall be exempt from taxation: Provided, however, that all the real and personal property heretofore or hereafter given, devised, bequeathed, granted or assigned to said corporation, or for its use, and the income thereof, shall be held and employed for the uses and trusts, if any, expressed in the instrument or instruments under which the same was acquired, provide such uses and trusts are not repugnant to the laws of the state.

SECTION 2. This act shall take effect upon passage.