The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1879-07-30

-, y''
/ i,'"aIa y. NHhli'7"h' James VI. HoWrY, Johr
I J. MeCaughau, Rev. Francis Hawke, j. y
WaddrI II Pn,,lts- arr. hsr.l,s, a,,,,;,t,#
>rr,.,..,.5 - IN. TFni,.,.ri.,, - 49,, :;
~ 'l'Pi' -
L"''g cue county I'll" theif Successors IN once
are hereby declared and constituted Il body
,.olft., and .or,..,o,a ~. :
/ W
'he 'HIFeI7IE Oil Ni7-l77ipPi' MAJORITY o
{ whom shall form quorum To- do business
/ but q committee of less number NAV be an
| .;.t..l l.. ,...,....+ ,,-..-,. t..,.- =. ~,
49, ''''
iI''iiii "i regular session OIL 7"i' trustees
SEC. 2. SAID corporation shall be possessed
I of al III. general bowers. PRIVILEGES and emol
~;
-, ajo,,t nj, h., -, III ~,
7 !" ADOPT 5"Sh ~ l'N5 anu 'a'y7 q. ;hsE may
"'''.i = '',l '',,l' a..
li'e luS' iN u, l''''.i Ilo' tI"SH@i' 10 'iit
/ Constitution ana laws al thts state
SO. :. inc @aid i'o"rH 81 trustees sii'th
i nave iail power ana eHtlre control over lHe
/ iuhds belonging 70 me ChiNerAitf OF Missis-
lpPi OF tnS 'eill'lidI iUla7 '''er !. 7I"ii nave
/ been collected, % be by them appled only to-
/ wards the consnn'mati'h Of l4e plan ol the
4 University oil Mississippi, and sald trustees
shall have power to devise and adopt such 4
! system 81 learning rs IN Their judgment they
1 may deem most advisable 10 pc pursued IN
/ the course ol education IN the University To
employ a competent person to draft plan OF
/ the same, and appoint commissioners to con
I tract for the erection of the University build
I ing soon As they may think advisable
/ SEC. +. SAID Board 81 Trustees shall have
power to fill all vacancies that may occur in
/ their body.
/ SIC. >. This Act shall be repealed at the
will OF the Legislature, and shall be in force
4 from and after its passage.
\ ART 30. Act Nav 9Th 1916. full power and
authority are hereby given to the Commission
er Of the Seminary Fund to compound and
compromise with the debtors of said fund,
4 Prorded, that the Governor Of the State and
/ Attorney General approve OF the same.
ART 50. An Act supplementary 10 an Act
for The Incorporation Of the University OF
\ Mississippi, approved, February, p, lSl4-
January % 1917.
SEQ. L. So much At the third Section Of an
| Act entitled, " an Act to incorporate the Uni
yersity Of Mississippi approved February
4 y, 1911, as gives the Trustees OF the UhlNer-
! sity full power and entire control over the
! funds belonging to TO the University OF MIS-
sissiPpl, or the Seminary FUND, Is hereby re
pealed.
SEC. = Inc treasurer oil the STATE IS nerehy
authorized and required to pay to sad Board
| OF trustees, or their order upon warrant rom
the Auditor oil l'nblie Accounts during 'he
present year, WheH demanded, lhe sum OF
/ twenty-five thousand dollars Out OF any money
IN the Treasury not otherwise appropriated
and the SAID treasurer !r Is required . pay TO
the sad Board OF trustees OF thelr oFoer
upon warrant from the Auditor during the
next year, commencing on the Isl OF January
\. d, 1871, the further sum OF twenty -hFe
thousand dollars when demanded, out oil any
money IN the treasury not otherwise apProprl-
ated.
ART. ~. An Act Tor the further endowment
OF the University "I MISSISSIPPI, approved
February =, IS4H
SEC. l. mat the treasurer oil TINS state
be, and he Is hereby authorlzfd and required
on the LIST day OF January ana july, IN eaeh
and every year, to place TO the credit OF the
/ Trustees OF the University Of MISSISSIPPI, me
sum OF @5ll3 81 :
SEC. = mat the authority Whlch shail DC
required 10y the treasurer loT payments 10 me
said Trustees shall be the warrant oil the
| President OF the Board OF trustees drawn m
/ favor Of any person whatsoever, iforded,
| Thatth amount shall be drawn ON the war
rant oil the Andlt9r only.
| SEC = " hat the interest NJ SIX per cent
| um per annum upon the sum now standing
on the books OF the Treasurer OF the State,
and upon all sums that may hereafter pe paid
/ into the Treasury Of the State To the credit OF
I the University shall be PAID seml-annually
I to the warrant OF the PRESIDENT OF the Board
OF Trustees OF the University, III like manner
4 as Is provided for IN sections one and two oil
| this Act Prociled ho1aeeer, That this Section
| shall not be So construed as to extend to the
amount already appropriated by law to the
State University.
4 SEC. 1. The SAID Trustees shah report TO
each regular session Of the Legislature q de
/ tailed statement Of the hseai condition OF the
/ University, and the manner and purposes Tor
which they have expended It's funds.
/ The amount paid into the state Treasury
/ from the proceeds OF the sale OF the Seminary
! lands Tor the University, was nearly 500 200
90 Governor Mckae IN his message TO the
/ Legislature reported that on ist anuary 1896,
/ there was due the University 1und from the
State. 81 or 1901; deducting then all the
appropriations made by the Legislature to the
| University with interest thereon up TO January
Isl. 1886, left balance due the University then
ssh. 324, 40; that was p yearssago; add inter
| est to date would make the State now owe the
/ University about two million dollars.
! The Legislature, instead Of paying annually
| the interest upon the money, which they only
hold in trust for the University, they make a
| small payment OF the interest, in the shape OF
an annual appropriation and cal Il GIT.
| Thus much of the financial history OF the
/ University Is given for the information of the
public, and to show the Baptist Record, from NE
/ krr that the University is not supported by
taxation upon the people of the State, and to
! show also that full and complete authority was
vested in the Board of Trustees of the Cniver-
sitv "to devise and adopt such system OF learn
| ing as in their judgment they may deem most
advisable to be pursued IN +, the course oil eau
cation in the University. This certainly con-
| ferre,i power upon the Trustees TO establish in
| the University various departments including
| a Preparatory Department 1t Is not then
perverting this fund To support Preparatory
| Department in the University. This has been
the construction placed upon the law, ana