The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1870-05-26

required. which bond shall have two cs
more good sureties, and shall be approv-
ed as TO its form, aud the sufliciency Of
It's suretles by the board Of Regents, and
also the Auditor and Secretary Of state,
and shall be filed in the office Of the
latter.
10. The treasurer of the University
shall have set Of books, In which he
shall keep an accurate account Of all
transactions relative to the sale and
disposition of L University lands, and the
management of the fluid arising there
from; which books shall exhibit what
parts aud portions Of land have beess
sold, mt what prices aud TO whom, aud
how the proceeds have been invested.
and on what securies, and what lands
still remain unsold, where situated, and
OF what value respectively.
| H., The treasurer shall, on the first
day OF June and December Of each year, ,
notify in writing each person in defAuls
of payment of either principal or inte-
/ rest of funds loaned ty or due to the
! University and shall cause suit to be
commenced against such deliuauents,
when In his Judgment the best inte-
rest Of the instil ution requires.
/ I II. The board OF Regents shall Atf.
act laws for the government OF the Unit
vcrsity, and shall appoint president
and requisite professors and tutors, to-
gether with such other officers ~ thet
may deem cNpe,ient, and shall deter.
mine the salaries OF such officers. the
compensation or the Secretary and treas
urer, and the amount or fees to be paid
for tuititiou. They shall remove any
! officer connected with the University.
when IN their Judgment the good OF the
institution reutIirps IT,
IL. The Board Of Regents II author-
ized to eNpend such portion OF the in-
come of the University fund, as 1t may
deem cxpedient In the purchase of ap-
paratus, library, and cabinet Of natural
history, in providing suitable means ~
keep and preserve the same, aud in
procuring all other necessary facilities
for giving instruction.
! a. All specimens Of atuTni history
and geological and nAneralogical sptci.
mems, which are or may lie hereafter
collected by the state geologist of Iowa.
or by any others appointed by ,lle state
to Investigate its natural history and
physical resources. shall belong to aud
he the property of the State University.
and shall form "A part of IFS cabinet IL
natural history which shall be under
the charge of the professor Of that de-
partmcnt. .a ..s-.
u. No sales of lands belonging I'd
the University shall hereafter take place
unless the same shall be decided n,on
at II regular meeting Of the board Of Re-.
gents, or ut one called for that particC-
lar purpose, and then only In the mans
ner upon the notfce and on the te, fnA
which the board shall prescribe; and no
member of the board shall he either di-
rectly or indirectly interested in any
purchase Of such lands upon sale, nor
shalt the secretary or treasurer he 40 IN.
terestcd. II shall be lawful for tbs
board To invest any portion Of the less
manent endowment fund not otherw is8
invested, as well as any surplus income
which Is not Immediately required fos
other purposes in United States stocks
or stocks OF the State of Iowa, or by
note and mortgage on uninculnberol
real estate the value OF which after de-
ducting the value Of all perishable i'm
provemcnts thereon, shall he the double
the amount of the sum loaned. aud hold
the same for the University, either as n
permanent fund or as an income to de-
fray current expenses as said board Of
kegents may deem eXpedieht. 1t shall
not he lawful for the Board to use any
portion Of the permanent fund for the
S'iI6. The President ~ FtTe" w'i1vers,-
ty shall make n report on the fifteenth
day of September, preceding the meet.
ing of the General Assembly, to the
Board of Regents, which shall exhitit
the condition and progress Of the insti-
tuition in its several departments, the
different courses or study pursued there
in, the branches taught, the means and
methods Of instruction adopted, the
number of students. with their names,
classes and residences, anil such other
matters as he may deem proper to COM
municate. 81,
III. The Board of Regents shall OH
the first day of October preceding each
regular meeting of the General ASSEM-
bly,, make report to the, ,Superinten-
dent Of Public Instruction. which re-
port. with that OF the president Of the
University, shall be embodied in the
said Superintenden's report TO the Cen;
erai Assembly. The report Of the board
Of Regents shall contain the number 0f
professors, tutors, aud other officers,
with the compensation Of each, the con-
ditiou of the University fund and the
income derived therefrom. the amount
of expend,tur aud the items thereof,
with such other information and recon-.
mendations, as they may deem exPetli;
ent to lay before the General Assem-
bly,.
10. iHc lNepcHtS Snail receive no
compensation except for mileage IN
travelling to aud from the meetings Of
the board; whfch shall be at the same
rate, aud computed in the same man
ncr, as the mileage allowed to the
members of the General assembly The
Auditor of State is Hereby authorized ~
audit and allow the claims for such At
tendance, for not more than three meet
ings annually.
Sec. .. This act being deemed Of
immediate Importance. shall take effect
and be in force from and after its publ.
cation in the daily State Register, and
the Iowa City Republican,.
Approved April II, 1870.
| hereby certify that the foregoing
Act was published in the Daily Iowa
State Register April T., and in the Iowa
City Republican April l3, 1870.
ED WRIGHT, Sec. of State.