A university is established and made a body politic and corporate, by the name of the “University of New Hampshire”, the object of which shall be to teach such branches of learning and to prosecute such researches as may be necessary and desirable in the education of youth and advancement and development of the arts, the sciences and the industries, including the education and training of teachers for the public school systems of the cities and towns of the state, and of such nature, scope and standard as usually prevail in the tax supported universities of the several states. Such university is authorized to grant and confer in the name of the university of New Hampshire all such degrees, literary titles, honors and distinctions as other universities may of right do including associate, baccalaureate, master’s and doctor’s degrees. The trustees of said university are further authorized to define and prescribe the standard, scope and nature of the instruction and attainments necessary in order to qualify for such degrees, titles, honors and distinctions and to issue such bulletins, announcements and reports as may be found necessary or desirable in publishing and defining the standard, scope, quality and nature of the educational work of the corporation.