Pennsylvania Act 1866-88 — ENDOWMENT OF AGRICULTURAL COLLEGES - GRANT OF PUBLIC LANDS

Act text

ENDOWMENT OF AGRICULTURAL COLLEGES - GRANT OF PUBLIC LANDS
                  Act of Apr. 11, 1866, P.L. 100, No. 88              Cl. 24
                               A SUPPLEMENT

     To the act to accept the grant of public lands, by the United
        States, to the several states, for the endowment of
        agricultural colleges, passed the first day of April, one
        thousand eight hundred and sixty-three.

        Section 1.  Sale of land scrip
        The third section of the act, entitled "An Act to accept the
     grant of public lands, by the United States, to the several
     States, for the endowment of Agricultural Colleges," passed the
     first day of April 1863, so construed as to authorize the
     Governor, Auditor General, and Surveyor General, as
     commissioners, in the performance of the duties devolved upon
     them by the said act, to direct the payment of the expenses of
     disposing of the said land scrip, out of any money in the
     treasury, not otherwise appropriated.  1866, April 11, P.L. 100,
     Sec. 1.
        Section 2.  Trustees empowered to borrow money
        The board of trustees of the Agricultural College of
     Pennsylvania be and they are hereby authorized to borrow a sum
     of money, not exceeding eighty thousand dollars, at a rate of
     interest, not exceeding seven per cent; and taxes, with which to
     pay and consolidate all the debts of the institution, and to
     secure the same, by a mortgage upon the property thereof.  1866,
     April 11, P.L. 100, Sec. 2.