New Oregon plaindealer. (New Oregon, Iowa) 1859-1866, 1862-02-21

| respect ve salaries also, the con- ponsation
OF the Treasurer. They shall have POWER TO
remove any off GER connected with the institu-
ton, when in their judgment, the gool of t I
institution requires, and to determine the
amount Of fees to be paid for tuition.
Sec. ~. Etshall be the duty of the Secre-
t2ry to record all proceedings Of the Board of
trustees, and carefully to preserve all It's
/ books and papers, His books shall exhibit
what ofthe University lands have been sod
when the same were sold at what prices,
and to whom on what terms what portion
of the purchase money has been paid and
when paid on each sale and how the same.
has been invested, and on what sccur!t
how much is due on each sale bv whom anG
how secured, andwhen payable what lands
remain unsold where situated and its an-
priSed value, if apprised, or its Estimated
value if not apprscd. His books shall also
show how the permanent fund Of the Univer
Slty has been invested the amount of each
KIND OF stocks if any, with the date thereof.
and when Que and the interest thereon. and
when and where payable; the amount of
each loan; ii any, and when made and pay
able !; to whom, and how secured and at
what interest, and when and where ravalle.
when any further sales OF land. or further
investments shall be made, the Sccretar,
| shall enter the same upon his books as above
set forth. The Secretary shall countersicn
and register all orders for money on the
Treasurer, and the Treasurer shall not day
any order on him for money, unless the same
he countersigned by the Secrctary-On the
first day Of February of each year, the Treas
urer shall report to the Secretary all defaults
OF payments Of either principal ur interest
with the names and address of the persons So
in default and thercupon the Secretary shall
Immediately notify, in writing, each person
so in default, urging payment
Sec. 13. The Board of Trustees are an
thorized to exnend such portion cf the income
of the University Fund, as it may deem ex
pedlent, in the purchase of Apparatus Ii
brary and Cabinets Of Natural History. il,
providing suitable means to keen and pre-
serve the same and in TIE procurement of
all other means and facilities for giving in
struct!on,
Sec. IA, The Certificate or Diploma given
to graduates Of the Normal department Of
the State University shall be sufficient evi-
dence Of qualification, to enable them to teach
in any of the Public Schools of the State, in
which their services may be desired, without
procuring a Certificate from any County Su-
perintendcnt: Provided, he lie Of good NOR
al character.
Sec. Is, The first meeting OF the Board of
Trustees under this Act, shall be at such time
in the year 1862, as tho Secretary of the
Board shall appoint, he giving due Office in
writing to each Trustee. The Annual meet
ing of the Board shall be held at such time as
may be determined by the Trustee at any
regular or special meeting of the Board.
Sec. 16. The President Of the Board OF Ed
ucation may call special meetings when he
deems it expedient. The Board Of Trustees
shall have power to Gil all vacancies occur
ring thereon, except when the Board Of Ed !
ucation is in session and the persons so ap-
pointed shall hold his Office until the next
session of the Board of Education.
Sec II. The Treasurer Of the University
shall have set of books in which be shall
keep an accurate account of all transactions
relative to the sale and disposition of the Uni-
versity lands, and the management Of the
fund arising thercfrom which books shall
exhibit what parts and portions Of land have
been sold at what prices and to whom, and
how the proceeds have been invested, and
on what securities and what land shall re-
main unso'd, where situate d, and Of what val
ue respectively.
Sec l8. No sales Of lands belonging to the
University shall hereafter take place, unless
the same shall be decided upon at a regular
meeting of tbs Board of Trustees. or at one
called for that particular purpose, and thSn
oniyin the manner, upon the notice, aud up
on the terms which the BoarfShall prescribe;
and no member Of the Beard sh al be either
directly or Indirectly Interested in the pur-
chase Of such lands upon sale and it shall be
lawful for the Board to invest any Surplus in
come, which is not Immediately required for
the purposes Of instruction, in tho United
States, or other interest paying State Stocks
and to hold the same for the University ci-
ther as perpetual fund or as an income TO
defray current expenses, as said Beard of
Trustees may dee EN- expedient.
See. 49, The Board of Trustees shall make
a report to the General Assembly and to the
Board of Education, at each Of their respect
i've sessions which shall exhibi5 the state,
condition and progress of the University in its