Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1866-05-19

chanic arts . which fund shall be designated as
the agricultural college fund. Sd All such con-
tributoDs TO the endowment. fund, as may be
derived from public or private bounty. The
entire income of all said funds, shall be placed
at the disposal Of the board of regents, for the
support Of the aforesaid colleges or arts, OF let
tei s. and of such colleges shall be established
in the university, as provided IN section two OF
this act: pr0Bided, that all means derivabIe from
other public or from private bounty, shall be ex-
clusiyely devoted TO Che specific object for which
they shall have been designed by the grantor.
Sec. H. Meetings Of the board may be called
in such manner as the regents shall determine a
majority of whom shall constitute quorum for
the transaction Of business, but less number
may adjourn from time to time. No member of
the boasd shall receive compensation for his SER
vices as such member, but each member shall be
entitled 20 reimbursement, ON the audit OF the
board FOR hisAtrayeling and other necessary ex-
penses while employed on the business of the
board. -~~a- go --s--'# a.
Sec 10. The first meeting of the regents, the
appointment of which Is herein provided for,
shall be held in the university edice, ON the last
Wednesday of june, 1866, at which time the re-
gents when so convened, snall elect one of their
number president of the hoard. The time for
the annual election Of president of the board of
regents, as also the regular annual meeting. and
such other meetings may be required, shall be
determined in the bylaws Of the board Imme-
diately upon the organization of the board, il
shall be their duty TO make arrangements for Sc
curing, without expense 70 the state. or to the
funds of the university, suitable lands, in the
immediate vicinity of the university not less
than two hundred acres, including the university
grounds for an experimental farm, and as early
as possible thereafter 10 make such i'm provements
thereon as will render it available for experiment
tai and instructional purposes, ia connection with
the agricultural course in the college, of arts.
Sec. 16. To enable the board of regents to
mn rcasa lands IN the vicinity of the Tiniyer sifv
for an Experimental farm, and to improve the
same, the board of supervisors of Dane county
are hereby authorized aud empowered to issue
the bonds of said county, bearing interest at The
rate OF seven per cent. per annum, interest pay
able annually for the amount of fprty thous-
and dollars such bonds TO be payable on or be-
fore the first day of January, A. d. 1886, at
such place as may be determined by said board
Of supervisors. The bonds so issued shall be
delivered to the board Of regents of the uniger-
sty, who shall faithfully apply the same. or TIE
roeeeds thereof, together with all contributions
Tor this specific purpose, TO the purchase and
improvement OF the lands for such experimental
farm. But If the said county of Dane, by its
proper officers, shall not make provision for the
issue and delivery Of said bonds as aforesaid
within thirty days after the passage of this act
aud if 10 such case the citizens of said couuty
shall fail within = days after the expiration of
said first mentioned period of thm ty days, to
furnish guarantees satisfactory TO the secretary
of state, that the said amount of forty thousand
dollars shall be placed at the disposal of the re-
gents of the university at the first meeting of
the board, then this act shall be null and void
Sec. IL. So much and such pafts of chapter
twenty-one of the revised statutes, and of any
and all acts as contrayene the provisions Of this
act are hereby repealed =, = 'tifst ~.
See. IS. This act shall take effect and be in
force from and aft its passage.
Approved April ~. 1856.