To develope the reasoning faculties of our youth, enlarge their minds cultivate their morals, & instil into them the precepts of virtue & order.
I think it's quite important to note the significance of virtue and order to the University's founders. They cared about the moral behavior of the institution's students and put great emphasis on regulating this precept. The University's intent was largely based off empowering young students and educating them to flourish in society, and a key component to this preparation for the world was through valuing morality and ethics.