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Supplement to the Maryland Code, Containing the Acts of the General Assembly Passed at the Session of 1864
Volume 382, Page 61   View pdf image (33K)
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ART. 84.] SCHOOLS. 61

ARTICLE LXXXIV.
Schools.

Chapter 90 adds the following sections:

SEC. 1. The State of Maryland hereby declares its acceptance
of the provisions of an act passed by the Congress of the United
States, entitled, "An act donating public lands to the several
States and Territories which may provide colleges for the bene-
fit of agriculture and mechanic arts," approved July the second,
eighteen hundred and sixty-two; and the Governor is hereby
authorized to give such notice of the said acceptance as may be
proper.

2. The Comptroller of the Treasury is hereby authorized to
receive from the proper authorities of the United States, the
land scrip to be issued for the lands granted to this State by the
said act of Congress, and to give all necessary receipts and ac-
knowledgments for the scrip which may be received by him.

3. The said Comptroller is hereby authorized, by and with
the approval and concurrence of the Governor and Treasurer of
the State, from time to time, as lie may deem proper, to sell
such land scrip, or any part thereof, for cash, or for stocks of
the United States, or of the States, or some other safe stocks,
yielding not less than five per centum upon the par value of
said stocks, and to execute all necessary and proper transfers
thereof; but no scrip shall be transferred and delivered to any
purchaser thereof until the same shall have been fully paid for,
or until payment shall have been fully secured by collaterals of
such stocks as above specified.

4. The Comptroller shall make all such arrangements, em-
ploy such agents and adopt such measures in all respects as be
may deem most expedient for effecting a judicious sale of the
said land scrip; and the Treasurer, on the warrant of the Comp-
troller, shall from time to time pay out of any moneys in the
Treasury, not otherwise appropriated, all the expenses of man-


 

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Supplement to the Maryland Code, Containing the Acts of the General Assembly Passed at the Session of 1864
Volume 382, Page 61   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


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