5 STATUTES The Open University of Israel (hereinafter the University) was founded in 1974 by virtue of an agreement between the Government of Israel and the Rothschild Foundation (Yad Hanadiv) and further to a decision of the Council for Higher Education dated October 2nd, 1973 and with the generous help of the Rothschild Foundation. The University was recognized as an institution of higher education by the Council for Higher Education in Israel at a meeting held on June 18th, 1980, pursuant to the Council for Higher Education Law, 5718-1958. The decision was approved by the Government of Israel at its meeting of July 6th, 1980. A certificate of accreditation, signed by the President of the State of Israel, was delivered to the University on July 23rd, 1980. Pursuant to Article 9 of the Council for Higher Education Law, 5718-1958, the University is a corporation that is competent to sue and be sued, to acquire, possess and relinquish property, to enter into contracts and be a party to any legal or other proceeding, and is at liberty to conduct its academic and administrative affairs pursuant to its Statutes, Regulations and decisions. Accordingly, the University has decided on these Statues, which shall define the aims and principles of the University, specify its institutions and outline the manner of its activities and management. The Statutes, to which the General Regulations are attached, represent the supreme document of the Open University.
RkJQdWJsaXNoZXIy Mjk0MjAwOQ==