Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-03-21
UNIVERSITY OF UTAH.
Law Providing for Its Removal to
Site Granted by Congress.
ESTABLISHMENT THEREON.
4 Measure that wiii Make the Las,
Legislature Famous Ia the History
OF the state.

one Of the most important laws
passed by tho late Legislature. aud one
that In Its consequence may be as far.
| reaching aud na beneficial 49, any law
| ever passed In this State ~ the law
/ providing for the removal Of the Uni.
veralty to the East iicnch. This i'm
| poftant measure. encountered pucti-
Galley no opposition In either the senate
OF the House. and was one 81 the first
to be signed by the Governor.
The bill was the especial care VI
| Rideout In the Senate and Of fum-
minTH In the House. but Il received the
support OF the whole Legislature, and
there was little difficulty In carrying IL
| through.
The bill carries an appropriation of
t2o0.U00. ono-hnif OF which ~ 10 h. bor-
rOwed from the University land fund
now Ia the treasury, and IN 10 BE- IT,.
paid by the state Ia that fund. begin.
ming with n payment Of 81. 900 on Jan.
II. iso2. and like sum yearly thercaf-
ter tiil the whole OF the siei.0oe ~ a..
paid Into the univcfnity pefmnnsut
fund This fund has bsen derived from
the sale Of Univcrsliy lands
The State also appropfiates $1,000
this year aud fi0.upu next year. to
carry out the provisions Of tho act, aud
receives In return tho present tniyor-
sity square and buildings. which we'll
be sold when a good price " obtainabie.
about $4,000.
The whole proposition was worked
out by the regents ~ the I'uiypralty.
ana 10 their foresight and management
the present law II largely due.
The law for the removal ~ the Tint
vefsity was known no bill No. M
u bears the following title. and |.
given IN full
An Act Providing fnr the Removal "
the University 81 Utah. to. and itu
Establishment on. tho Site Granted
by Congress, tn Raising. Appru.
priation aud Expenditure ~ Nucrs.
nary Money for that Purpose. the
Partial Conversion ~ the t'niycr-
rlty Of Utah Permanent Land Fund
into Cash, Loan Thereof. ana
Method of RcpnylnF the Same.
Conveyance 10 state ~ Premises
Now owned and OCCUPIED hy the
University Of Utah. ana Conversion
~ Game.
be II enacted by the Legislature ~ the
State ~ Utah.
Section 1. The regents ~ the TINT
Nerrity of Utah are hereby authorized
ana directed To- uxpcnd two hundred
thousand dollars. or ~ much thereof No
may be- necessary, To plat the grounds.
procure plans. erect ncrpaanry build.
inFr. equip and furnish the same, aud
10 do all other acts and things nUcoa.
Hary 20 establish the University ~ Utah
on those certain premises. granted by
the Congress ~ tho United States To-
the University ~ Utah. which premises
nrc east OF and adjacent 10 Salt Lake
city. Utah.
Sec. g The state bnnrd ~ land com.
mlssioncrH or Ito SUCCESSORS IL hereby
authorized and directed 10 speedily con-
vert sufficient Investments of the Uni.
Vcfrity 81 Utah permanent land fund
into cash. ana at once 10 pay the same.
~ well AZ all cash on hand or that nay
hereafter BE- received. belonging to
such fund. 10 the ruEentH of the rnl-
vernity Of Utah. until such payments
equal one hundred thousand dollars.
Sec. .. Whatever money IL paid
FROM said University Of Utah per.
mnnent land FUND. aa herein pros
vided. IN an investment thereof. and "a
loan only. To be- repaid as specified In
this net.
Sec. T. Whenever money II paid 10
the regents ~ the University ~ Utah
from the University ~ Utah permanent
land fund. ~ herein provided. then the
University ~ Utah. by It's acting chair
man ana acting SECRETARY. shall execute
ana deliver 10 the State board ~ land
commissioners, or itH ruCcrHHnfr, tho
following obligations. correctly and
appropriately Milling blanks. 10 wits
81. Salt Lake city, utah,..,.,,,..
on or hrfufrt,,.,.., the State uf Utah
promises tn pay 10 N. State beard ~
land commissioners or H. successor.
Or such officer na may be designated by |
law, dollars. Tor the benefit VI |
the University ~ Utah Permanent |
Land Fund. together with Interest frpm !
date until paid. NJ fvc per cent. por
nnnun. Interest payable January let |
and July lot ~ each year.
stat. 81 Utah.
Observation-Disclosures.
A. Acting Chairman 81 the Hoard ~ /
llegunts of the University of Utah.
See. o. IN executing such obligations |
the sums mt nggrcgaung twelve thou
sand nye hundred dollars shall be-
PAYABLE on or before January LIST, 1000
thousand ave hundred dollars shall be-
payable on or before January LIST, 1907.
and 80 IN. making each payment for
twelve thousand hve hundred dollars,
payable one year later than the proceed
lng payment and tho state treasurer
and state auditor are hereby author
lied AMI directed To pay the principal
aud Interest of such obligations as they
mature, and money IL hereby appropri-
atod for that purpose.
Sec. q. A. anon a. the University Of
Utah 10 permanently located on the site
granted hh inuffehh, the lands and
buildings now owned and occupied by
the University Of Utah for educational
purposes. shall bee duly conveyed 10 the
state OF utnh. and thereupon the state
board Of lama commissioners. or rs
successors. shall take charge and pos
session thereof and manage tho same
10 the best advantage. until such
premises can ho advantngeously sold
N otherwise disposed OF; II such prem
seH can Do niyantngeouFly sold, then
The state h1nrd 0f land commissioner,
lr IT, AucCrsHnrs, II hereby authorized
and directed 90 Hell tho same IN such
ns shall in It's judgment be 10
he best Interest ~ the State, and the
proceeds thereof shall be- credited on
he obligations herein mentioned, until
he same ar, fully paid.
Sec. T. There Il hereby appropriated
lne hundred thousand dollars, or 10
much thrnruf aa may be necessary, 10
iffcctuntr tho purposes mentioned Ia !
lection I. of this act. not 10 exceed
ifty thousand dollars thereof may be
iraWn hy the regents OF the University
II Utah ut such times az they may
lerm proper during or after the year
500. nni not 90 exceed nifty thousand
lollnrs may ho drawn by the regents
Il the University Of Utah at such times
~ thcy may deem proper during on
,ftcr the year 1900; ana the State treas.