|
such condition as the said President and Visitors
shall prescribe and approve. |
Appropria-
tion. |
Sec. 8. And be it enacted, That the sum of twenty-five
thousand dollars to be used for the construc-
tion of the building hereinafter provided for, and
to be paid on and after the first day of January,
eighteen hundred and sixty-nine, be and is hereby
appropriated, to be drawn out of the Treasury in
the mode prescribed by law, and to be paid by the
Treasurer to the President and Visitors, to be ap-
plied by them in the erection of suitable buildings |
Proviso. |
and furnishing the same; provided, the President
and Visitors, or a majority of them, shall execute a
bond in such penalty as the Treasurer of the State
shall prescribe, for the due and faithful application
of the funds so appropriated by this section. |
When appro-
priation shall
cease. |
Sec. 9. And be it further enacted. That the sum of
five thousand dollars (or as much thereof as may be
required) per annum, is hereby appropriated for
the use of said asylum, to be paid to the President
and Visitors for the support and maintenance
thereof, until the capital received by donations and
legacies shall amount to the sum of two hundred
thousand dollars, at which time such annual ap- |
Proviso. |
propriation shall cease; provided, that until the in-
stitution receives the mutes of the State, no part
of the above amount shall be paid. |
Funds to be
invested. |
Sec. 10. And be it enacted. That the said Presi-
dent and Visitors shall invest the funds arising
from donations and legacies, not necessary for the
support of the institution in such securities, real or
personal, as they may deem safe. |
Subject to in-
spection. |
Sec. 11. And be it enacted, That the institution,
its management and finances shall be subject to
inspection at least once a year by those Visitors
to be elected by the Legislature. |
Buildings and
grounds to be
used. |
Sec. 12. And be it enacted. That the Armory
Grounds at Frederick City, Maryland, belonging
to the State, with the buildings thereon, be and
they are hereby set apart for the occupation and
sole use of the said institute, with full power and
authority to erect thereon such additional build-
ings as may be needed to carry into effect the ob-
jects of this incorporation. |
Funds may
be diverted. |
Sec. 13. And be it enacted, That the funds and es-
tate of the said corporation shall not at any time be |