Laws and Documents ... 1862-1883 PDF Download

Author: Cornell University
Publisher:
ISBN:
Category :
Languages : en
Pages : 184

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Author: Cornell University
Publisher: Rarebooksclub.com
ISBN: 9781230013565
Category :
Languages : en
Pages : 62

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1883 edition. Excerpt: ...in pursuance of the contract, opened two accounts in the books of his office, one with each fund, crediting each with its proper portion of the proceeds of the sales of the scrip, and this credit o the "Cornell Endowment Fund " constitutes the capital of that fund, he declined to loan the same upon bond and mortgage, believing that there is a grave doubt whether the Legislature could authorize the creation of two distinct funds, either of which should not be in all things subject to the provisions of the act of Congress, donating the lands to the State. The State received the funds in trust, subject to all the limitations and restrictions, and impressed with all the conditions imposed by Congress. By the act all the moneys derived from the sale of the lands donated are to form a perpetual fund, the capital of which is to remain inviolate, and all losses of any part thereof are to be made good by the State; and by the same act the capital is required to be invested in United States or State stocks, or other safe stocks, yielding not less than five per centum per annum on the par value thereof. The act of Congress also provided that "all the expenses of management, superintendence and taxes from the date of selection of said lands previous to their sale, and all expenses incurred in the management and disbursement of the moneys which may be received therefor, shall be paid by the State to which they may belong out of the treasury of said State, so that the entire proceeds of the sale of said lands shall be applied, without any diminution whatever, to the purposes" named in the act. The "safe stocks" authorized to be purchased as investments of the fund are understood to be public stocks, and not shares of the...

Author: Cornell University
Publisher:
ISBN:
Category : School lands
Languages : en
Pages : 184

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Author: Cornell University
Publisher: Palala Press
ISBN: 9781355068884
Category :
Languages : en
Pages : 182

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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author: Michigan State Library
Publisher:
ISBN:
Category :
Languages : en
Pages : 1508

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Author: Princeton University. Library
Publisher:
ISBN:
Category : Catalogs, Classified
Languages : en
Pages : 626

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Author: Princeton University. Library
Publisher:
ISBN:
Category : Classified catalogs
Languages : en
Pages : 1248

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Author: Princeton University. Library
Publisher:
ISBN:
Category : Library catalogs
Languages : en
Pages : 740

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Author: Iowa. General Assembly
Publisher:
ISBN:
Category : Iowa
Languages : en
Pages : 1228

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Contains the reports of state departments and officials for the preceding fiscal biennium.

Author: United States
Publisher:
ISBN:
Category : Electronic journals
Languages : en
Pages : 1112

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