Iowa voter. [volume] (Knoxville, Iowa) 1867-1874, 1870-05-12

conferred and granted by other Uni
sM 8. The hnt regular meeting Of
the board of Regents under this act
shall be on the last Tuesdsy In June,
1870. and the meetings thereafter ~
such times as the hoard may appoint
The president Of the board may Cali
special meetings when he deems u
expecient, or special meetings may
be called by any three members OF
the board. -.
SEC. :. An executive committee,
consisting Of three competent and re-
sponsible persons, shall be appointed
by the hoard of Regents, who shall
audit all claims, and whose chairman
shall draw ali orders for such audited
claims on the treasurer, but before
psyment such orders shall be counter
signed by the secretary. SAID COM
mittee shall keep specific ana COM
iplete record of all matters invoiving
the expenditure of money, whicn
record shall be submitted TO the board
of Regents at each regular meeting OF
the same. >,
SEC. s. The board of Regents shall
elect q secretary, who shall hold ms
office az the pleasure of the board. Al
shall be his duty 10 record all the pro,
ceediDgs of the board OF Regents, ana
carefully TO preserve all its books ana
papers. His books shall exhibit what
parts of the University lands nave
been sold, when the same were SOLO;
and at what price. and to whom, ana
on what terms, what portion OF the
purchase money has been paid, and
when paid on each sale, how much
is due on each sale, by whom and
how secured, and when payable, what
lands remain unsold, where situated,
and their appraised value If appraised,
or their estimated value II not APP
| praised. His books shall also SHOW
how the permanent fund OF the Uni-
yersity has been invested, the amount
| of each kind Of stocks, If any, Wild
the date thereof, and when due, ana
| The interest thereon, and When anu
| where ayable, theamounto eachI oan'
| If any, and when made, and payable 10
| whom, and how secured and at what
interest, and when and where paya-
able. When any further sales oil lano
or further instruments shall be made,
the secretary shall enter the same
upon his books as above set forth:
The SECRETARY shall epwn:crs;gH anu
register all orders for money on the
! treasurer, and the treasurer snail not
nav any order on him for money, un-
less the same be countersigned by the
secretary.
| SEC. o. The board of Regents shall
elect a treasurer who shall hold MS
office at the pleasure of the board. IL
shall be his duty as treasurer 10 keep
"A true and faithful account OF all mon
eys received and paid out by him, ana
before entering upon the dufies OF MS
Office he shall take and subscribe an
oath that he will faithfully perform
the duties of treasurer; and he shaH
also give bond in the penalty OF hity
thousand dollars, conditioned for the
faithful discharge of his duties as
Treasurer, and that he will at ALI
times keep and render true account
OF monies received by him as such
Treasurer, and OF the disposition ne
has made Of the same, and that he VIII
at all times be ready to discharge him
self OF the trust. and TO pay over when
required; which bond shall have two
or more good sureties, and shall be
approved AZ to its form, and the SUM
cheney of sureties, by the board OF Re
gents and also the Auditor and Secre-
tary of State, and shall be filed In the
office Of the latter.
SEC. 10. The treasurer Of the Uni
versiiy shall have n set Of books, IN
which he shall keep an accurate at
count of all transactions relative 10
the sale and disposition Of University
lands, and the management OF tne
fund arising therefrom; 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 Sc
curities, and what lands still remain
unsold, where situated, and OF what
value respectively.
SEC. IL. The treasurer shall, on the
first day Of June and December OF
each year, notify in writing each per-
son in default of payment OF either
principal or interest Of funds loaned
by or due to the University, and snail
cause suit to be commenced against
such delinquepte, when in his judg-
ment the best interest of the institu-
ton requires. :,
| SEC. H. The board of Regents shall
enact laws for the government Of the
OUiNcIsIy, anu cudh oppoAHs =" T.
dent and requisite professors and
tutors, together with such other offi-
Gers as they may deem expedient, and
shall determine the salaries OF such
officers, the compensation Of the Sec
rotary and treasurer, and the amount
Of fees to be paid for tuition. They
shall remove any officer connected
with the University, when In their
j Judgment the good Of the institution
requires 1t.
| SEC. 13. The Board of Regents IL
authorized to expend such portion of
the income Of the University fund, as
1t may deem expedient In the purchase
Of apparatus, library, and cabinet OF
natural history, in providing suitable
means to keep and preserve the same,
and in procuring all other necessary
facilities for giving instruction.
Sec. IA. All specimens of natural
history and geological and mineralog-
ical specimens, which are or hereafter
may be collected by the State geologist
of Iowa, or by any others APP
pointed by the State to In
vestigate its natural history and
physical resources, shall belong to
and be the property of the State Uni