The faculty, consisting of the professors, instructors and others employed by the Board of Trustees, 1 of whom shall be President of the University, shall have the care, control, government and instruction of the students, subject, however, to the bylaws. They shall have authority, with the approbation of the Board, to confer degrees and grant diplomas.

Code 1852, §§ 782, 783; 13 Del. Laws, c. 513, § 7; Code 1915, § 2340; 32 Del. Laws, c. 166, § 1; Code 1935, § 2782; 14 Del. C. 1953, § 5111