The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1862-02-27

| books shall exhibit what OF the UNIVERSE
tv lands have been sold -; when the same
were sold at what prices and to whom
on what terms what portion Of the pur-
chase money has been paid, and when
paid on each sale ard how the same bas
been invested, and on what security
how much is due on each sale by whom
and how secured, aud when payable
what lands remain unsold where situate;
and its appraised value if apprais d, or
its estimated value if not appraised. His
books shall also show bow the permanent
fund of the University has been invest
ed ; the amour Of each kind Of stocks if
any, with the date thereof, and when
due and the interest thereon and when
and where payable the amount of each
loan, if any, aud when made and payable;
to whom, and how secured aud at what
interest, and when and where payable.
When any further sales Of land, or fur
ther investments shall be made, the Sec
retary shall enter t.c :""- "n"n his
books as above So, forth. The Secretary
shall countcrsicn and register all orders
for money on the Treasurer. and the
Treasurer shall not pay any order on him
for money, unless the same te counter
signed by the secretary. On the first
day of February of each year, the Trens-
urrr shall report to the Secretary all de-
faults ,f payments of either principal or
interest, with the names and address Of
the person so 10 default and thercupon,
the Secretary shall immedintel y notify.
in writing. ch person SO in default,
urging payment.
SEC 13. The Board Of Trustees are
authorized to cxpend such portion of the
income of the Univcrtity fuud as it may
deem expcdient, in the purchase Of arra.
ratus, library and cabinets of natural his
tory, in providing suitable means to keep
ard preserve the same; and in the pro
curement Of all other means and facilities
for giving instruction.
SEC II The ccriifca." or diploma
given to graduates of ,he Normal Depart
mcnt of the State University shall be
sufficient evidence OF qualification, 20 en-
able them to teach in any Of the public
schools of the State. in which their ser
vices may be desired, without procuring
certificate from any County Supcrin
tcndent: prrride', he be Of good moral
character
SEC. 10 The first meeting Of tie
Board Of Trustees und + this act. shall
be at such time in the year 1862. as
the Secretary Of this Board shall ar
point. he giving due uo'icc in writing
10 each L ustcc. The annu | meeting OF
The Board shall be hid Al such tMe a,
n.y b" determined by tie trustees as
any regular or sp"";aI ncctin. Of the
board.
SIC l6 The Dr,.i,,4nt Of the H ard
Of Education may call special meetings
when deems it cxpedicn'. The Board
ot Trustees shall havn power 70 fill all
vacancies occurring thereon, except whom
thc Board of Education is in session; and
the person 50 appointed shall hold his
office until the next session Of the Board
of Education.
SEC II. The Treasurer Of the Univcr
si.y shall have set of books, in which
he shall keep an accurate account OF al,
transactions relative to the sale aud Gi,
position of the University lands, and the
management Of the fund arising there
frum; which books shall exhibit wha,
parts and portions Of land have been sold,
at what price, aud to whom, and how the
proceeds have been invested, and on
what securities; aud wha. land still re-,
mains u1suld, where situated and of W hat
value respectively
SEC. Is. No sales Of lands belonging 9
to the University shall hereafter take
place, unless the same shall b, decided
upon at a regular me, ting of the Board
of Trustees, or at one called for that pur
pose, and then only ia the manner, upon
the notice, aud on the terms which the
Board shall prescribe; and no member OF
the Board shall be either directly or in
directly interested in any purchase of
such lands upon sale: and it shall be
lawful for the Board to invest any sur
Plus income, which is not Immediately
required for the purposes of instruction.
in the United States, or other interes,
paying State stocks, and to hold the
same for the University, either as Il per
pe'ual fund or as an income to dcfray
current expenses, as sa d Board Of Tru>-
tees may deem expedient
SEC. 10. The Board of Trustees shall
make report to the General Assembly =,
and to the Board of Education, at each
of their respective sessions, which shall
exhibit tie state, condition and progress
Of the University in its several depart
menis; tho different courses Of study
pursued therein; the branches taught
the means and methods of instruction
adopted the number of professors, with
the compensation of each the number
of students, with their names, ages, stu.
dies, sex and residence; the situation
and condition of the University Fund :
the income derived thercfrom; the
amount Of expenditures and such other
matters as said Board of Trustees NAV
deem proper to communicate.
Sec. 20 All Acts, and parts of Acts,
inconsistent with this act, are hereby re-.
pealed.
December 18th, 1861.
N. J. RUSCH.
President of the Board of Education.
AN ACT