Report of the Secretary, Volumer 20-21

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Side 191 - ... First. If any portion of the fund invested, as provided by the foregoing section, or any portion of the interest thereon, shall by any action or contingency, be diminished or lost, it shall be replaced by the State to which it belongs, so that the capital of the fund shall remain forever undiminished ; and...
Side 23 - FOURTH. An annual report shall be made regarding the progress of each college, recording any improvements and experiments made, with their cost and results and such other matters, including State industrial and economical statistics, as may be supposed useful...
Side 190 - States in sections, or subdivisions of sections not less than one quarter of a section ; and whenever there are public lands in a State subject to sale at private entry at one dollar and twenty-five cents per acre...
Side 412 - There is nothing better for a man, than that he should eat and drink, and that he should make his soul enjoy good in his labour. This also I saw, that it was from the hand of God.
Side 180 - The legislature shall encourage the promotion of intellectual, scientific and agricultural improvement; and shall, as soon as practicable, provide for the establishment of an agricultural school.
Side 190 - ... that the moneys so invested shall constitute a perpetual fund, the capital of which shall remain forever undiminished (except so far as may be provided in section fifth of this act), and the interest of which shall be inviolably appropriated by each State which may take and claim the benefit of this act, to the endowment, support and maintenance of at least one college...
Side 191 - Sec. 8. And be it further enacted, That the governors of the several states to which scrip shall be issued under this act, shall be required to report annually to congress all sales made of such scrip until the whole shall be disposed of, the amount received for the same, and what appropriation has been made of the proceeds.
Side 190 - And be it further enacted, That all the expenses of management, superintendence, and taxes from date of selection of said lands, previous to their sales, and all expenses incurred in the management and disbursement of the moneys which may be received therefrom, shall be paid by the States to which they...
Side 190 - That all moneys derived from the sale of the lands aforesaid by the States to which the lands are apportioned, and from the sales of land scrip hereinbefore provided for, shall be invested in stocks of the United States, or of the States, or some other safe stocks, yielding not less than five per centum upon the par value of said stocks...
Side 191 - Any State which may take and claim the benefit of the provisions of this act shall provide within five years, at least, not less than one college, as described in the fourth section of this act, or the grant to such State shall cease...

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