Tama County Republican. (Toledo, Tama County, Iowa) 1867-1872, 1870-05-12

three classes, consisting Of Two each. The
number in each class - the congregational
districts Of the State, inersass shall b. kept
~ nearly equal ~ practicable. The mem-
bsrs Of the Arst class shall hold Office for
the term Of Two years, those Of the second
for four years, aud those Of the third for six
years, and until their respective successors
are elected and qualified. The General Al.
sembly shall elect members every two years.
% the terms Of Office Of the respective class
e. expire. 1hs board Of Regents shall Oil
sll vacancies occurring therein, except
whom The legislature i in session, and the
psr.ons 20 appointed shall hold their Offices
until the asxs session Of the General Assem-
bly,.
ssc. s. The University shall include :
collegiate. scientific, normal, Law, and such
other departments, with such courses Of in.
struction and elective studies % the board
Of Regents nay determine, end the board
shall have authority % confer such degrees,
and grant such diplomas, and other marks
Of distinction - are usually conferred and
grsntsd By sshsS Univsrsisiss.
SEQ. q. The frst regular meeting Of the
board Of Regents under this oct shall bs on
the last Tuesday In june, 1870, and the
meetings thereafter at such time - the
board may appoint. The president oi
the board AAsy call special meetings when
be deems it expsdient, Or special meeting,
may be called By any three members ol
the board.
sec. 7. An executive committee, sensist/
ing Of three eonpstsnt and responsible per-
sons shall be appointed BY tho board Of Re-
gents who shall audit al claims, and whose
chairman shall draw all orders for such
audited claims on The treasurer, but before
payment such orders shall bs countersignsd
By che secretary. Said committee shall keep
specific aud complete record Of oil matters
involving the sxpsnditurs Of money, which
record shall bs submitted 70 the board Of
Kegeats at each regular meeting Of the same.
Sec. 8. The board Of Regents shall elect
. secretary, who shall hold his Office 1t the
pleasure of The board. 1t shall be his duty
to record all the proceedings Of the board Of
Regents, and carefully to preserve al i,s
books and ps pers. His books shall exhibit
what parts Of the Uaivsrsity lands have
been sold, when the same were sold, and at
what price, and . whom, 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 whoLa and how
secured, and when payable, what lands re.
main unsold, whore situated, ami their ap-
praised value If appraised. or their esii-
mated value il not appraised. His books
shall also show how the permanent fund Of
the University has been invested, the
amount Of each kind Of stocks, il any, with
the date thereof, and when due, and the in
terest thereon, and whom and where psya-
Bile, the amount Of each loan, il any, and
when made, and payable 10 whom, and how
secured and at what interest, and when and
where payable. Whom any further sales Of
lands or further instruments shall be made,
the secretary shall enter the same upon his
books ~ above set forth. Tho secretary
shall countersigu and register all orders
for money on the treasurer. and the treas
urer shall not pay any order on him for
hA he s,n1
BY the secretary.
Sec. .. The board Of Regents shall elect
treasurer who shall hold his Office at the
pleasure Of the board. It sisll be his duty
- treasurer to keep true and faithful &C.
count Of al moneys received and paid out
by him, and before entering upon the duties
Of his Office he shall take and subscribe an
oath that he will faithfully perform the du.
ties Of treasurer; and he shall also give .
bond in the penalty Of fifty thousand dol
lars, conditioned for the faithful discharge
Of his duties as Treasurer, and that hs will
at al times keep and render true account
Of monies received BY him ~ such Trsasur-
or, and Of the .dispesition he has made Of
the same, aad that he will ~ ell times be
ready to discharge himself Of the trust and
to pay over whsA required; which bond shall
have two or more good sureties, aud shall
be approved as to it, form, and the suficien-
cy Of its sureties By the board Of Regents
and also the Auditor and Secretary Of State,
and shall be filei in the Office Of the latter.
Sec. 10. The treasurer Of the University
shall have set Of books, in which he shall
keep an accurate account Of al transactions
relstivs to the sale and disposition Of Uni>
vorsity lands, and The management Of the
fund arising therefrom; which books shall
exhibit what parts and portions Of land
have been sold, q what prices and 70 whom
and how the proceeds have been invested,
aad on what securities, and what lands still
remain .unsold, where situatsd, ana Of what
value respectively.
SEQ. II. The treasurer shall, on the firsi
day Of June and December Of each year, NO
tify in writing each person in default oi
payment Of either principal or interest oi
funds losnsd BY or due to the University,
and shall cause suit 10 bs commenced
against such delinquents, when in his judg.
ment the best interest Of the institution re.
quires.
Sec. 10. The board Of Regents shall enact
laws for the government ofthe Univerity, and
shalt appoint president and requisite pro
fsssors and tutors, together with such other
officers - they may deem expedient, and
shall determine the salaries Of such officers
the compensation ofths secretary and treas
ursr, and the amount Of fees TO be paid fol
tuition. They shall remove any officer con
nectsd with the University, when in their
judgment the good Of the institution require.
IL
Sec. la. The Board Of Regents 10 author
issd to expend such portion Of the income o.
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