| |
| |
Caption: Book - History of the University (Powell)
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
Bills and Acts to Establish an Educational Institution 527 not exceeding one hundred acres. They shall cause a true and faithful account to be kept of all the financial concerns of the institution, 9. When the said trustees of said institution shall have contracted for the buildings and land hereinbefore mentioned, they shall transmit a copy of their said contracts to the office of the Auditor of Public Accounts, and when the contracts therein specified shall have been executed according to the terms thereof, it shall be the duty of the said trustees to certify the fact under their corporate seal to the Auditor of Public Accounts, who shall issue his warrant upon the treasury in favor of the persons who may be entitled thereto for the sum of money which may seem to be due from such certificate to such person; provided that no more than the sums following shall be drawn from the treasury for the purpose aforesaid, viz.: The sum of five thousand dollars on the first day of September, A. D. 1833, five thousand on the first day of February, A. D. 1834, and ten thousand on the first day of April, A. D. 1835, which sums shall be appropriated in purchasing the lands aforesaid, erecting the buildings herein mentioned and in furnishing the same, a detailed account of which shall be laid before the next legislature. 10. The interest arising from the proceeds of the sales of the seminary land and from the seminary (college) fund shall be appropriated for the use of said seminary to be paid annually upon the order of the board of trustees, after the first day of January, A. D. 1834. 11. Dr. John Todd, W. L. May, Edmund Roberts, Thomas Moffat, Charles R. Matheny and Dr. Thomas Houghan, of Sangamon County, and A. W. Cavarly, of Greene county, Heart Fellows, of Schuyler county, Patent P. McKee, of Madison county, and C. Berry, of Fayette county, are hereby appointed the trustees of the said University, agreeably to the provisions of this act, and they shall hold their first meeting in the town of Springfield, in Sangamon county, on the first Monday of May next, and they shall proceed to establish said institution at or adjacent to said town4t<This act shall be so constructed as to allow of any BMjdification the legislature from time to time may deem necessary. This act to be in force from and after its passage.
| |
