North Iowa times. [volume] (McGregor, Iowa) 1867-current, 1870-05-25
LAWS OF IOWA
Published by Authority.
CONTINUED FROM LAST WEEK.

Published by Authority.
CONTINUED FROM LAST WEEK.
much is due on each sale, by whom and how
secured, and when payable, what lands remain
unsold, where situated, and their appraised
not appraised. His books shall also show how
the permanent fund of the University has been
invested, the amount OF each kind OF stocks, if
the interest thereon, and when and where pay
able, the amount of each loan, if any, and when
made, and payable to whom, and how secured
and at what interest, and when and where pay
able When any further sales Of lands or fur
ther instruments N shall be made, the Secretary
set forth. The Secretary shall countersgn and
register all orders for money on the Treasurer,
him for money, unless the same be counter
signed by the Secretary.
treasurer, who shall hold his office at the pleas.
ure of the Board. 1t shall be his duty as Treas
urer to keep a true and faithful account of all
moneys received and paid out by him, and be.
fore entering upon the duties of his office he
snail take and subscribe an oath that he will
faithfully perform the duties of Treasurer; and
he shall also give a bond in the penalty of fifty
thousand dollars, conditioned for the faithful
discharge of his duties as Treasurer, and that he
of moneys received by him such Treasurer,
and of the disposition he has made of the same,
and that he will at all times be ready to dis
charge himself of the trust and to pay over
when required; which bond shall have two or
more good sureties, and shall be approved as to
its form and the sutficiency of it's sureties by
the Board of Regents and also the Auditor and
Secretary OF State and shall be filed in the Office
SEC. 10. The Treasurer of the University shall
have q set of books in which he shall keep an
accurate account of all transactions relative to
and the management of the fund arising there
from; which books shall exhibit what parts
prices and to whom, and how the proceeds have
been invested. and on what securities, and what
lands still remain unsod, where situated, and
SEC. ii. The Treasurer SHALL on the first day
of June and December of each year, notify in
either principal or interest Of funds loaned by
or due to the University, and shall cause suit to
be commenced against such delinquents when,
In his Judgment, the best interest Of the institu-
SEC. IL. The Board of Regents shall enact
shall appoint President and requisite profess
sors and tutors, together with such other officers
as they may deem expedient, and snail deter
mine the salaries of such officers, the compensa-
ton of the Secretary and Treasurer, and the
amount OF fees to be paid for tuition. They
University, when, in their judgment, the good BOD
of the institution requires 1t.
SEC. ID. The Board of Regents is authorized
to expend such portion of the income of the
University fund as it may deem expedient in
the purchase of apparatus, library, and cabinet
to Keep and preserve the same and in rro sans
ing all other necessary facilities for giving in
SEC Il. All specimens of natural history and
geological and meteorological specimens, which
are or hereafter may be collected by the State
and physical resources, shall belong to and be
the property Of the State University, and shall
form part of its cabinet of natural history
which shall be under the charge of the profes.
sor of that department..
University shall hereafter take place unless the
same shall be decided upon at regular meeting
of the Board OF Regents or at one called for that
ner upon the notice and on the terms which the
board shall prescribe; and no member OF the
terested in any purchase OF such lands upon
sale, nor shall the Secretary or Treasurer be SO
interested. 1t shall be lawful for the Board to
invest any portion of the permanent endow-
ment fund not otherwise invested, as we'll as
any surplus in come which is not Immediately
stocks or stocks of the State of Iowa. or by note
and mortgage on unincumbered real estate the
value Of which, after deducting the value of all
perishable Improvements thereon, shall be
double the amount loaned. and hold the same
for the University, either as a permanent fund
or as an income to defray current expenses, as
said Board of Regents may deem expedient 1t
shall not be lawful for the Board to use any
portion Of the permanent fund for the ordinary
SEC. l6. The President of the University shall
make q report on the 18th day of September
TO the Board of Regents, which shall exhibit
the condition and progress Of the institution in
us several departments, the dlQerent courses of
study pursued therein, the branches taught. the
means and methods of instruction adopted, the
number of students, with their names, classes
and residences, and such other matters as he
may deem proper to communicate,
SEC IL. The Board of Regents SHALL on the
LIST day OF October preceding each regular meet
ing of the General Assembly, make a report to
Observation-Disclosures Of Public Instruction which
report, with that of the President of the JJniyer.
sty, shall be embodied in the said Superin.
tendents report to the General Assembly, The
report of the Board of Regents shall contain the
number OF professors, tutors, and other officers,
with the compensation of each, the condition
of the University fund and the income derived
therefrom, the amount OF expenditures and the
items thereof with such other information and
to lay before the General Assembly.
SEC. u.s. The Regents shall receive no COM
pensatiOn except for mileage in travelling to
and from the meetings of the Board which
shall be at the same rate, and computed in the
same manner, as the mileage allowed to meme
beers Of the General Assembly. The Auditor of
State Is hereby authorized to audit and allow
the claims for such attendance, for not more
than three meetings annually.
SEC. 10. This Act being deemed of Immediate
importance by the General Assembly shall take
effect and be In force from and after its publica-
ton IN the Daily Iowa State Register and the
Iowa City Republican.
Approved April 18th, 1870.
thereby certify the foregoing Act was published in the
daily Iowa state Register April 2th and In the Iowa City
ED WRIGHT. Secretary of State
CHAPTER IS.
AN ACT In relation tn Occunvinv claimants