ART. — .] PUBLIC INSTRUCTION.

tion for that purpose, be invested by the comptroller
in stocks of the United States, or of this state, or in
some other safe stocks, yielding not less than five
per centum per annum on the par value of said
stocks, and the money so invested shall constitute a
perpetual fund, the capital of which shall remain
forever undiminished, except as provided for -in and
by said act of congress.

229

141. The comptroller shall keep separate books of
accounts in his office, of all matters relating to the
said land scrip and lands, and the care, management,
sale and disposition thereof, and of the investment of
the money derived from the sale of the said lands
and land scrip, and of the manner in which the
income of the said fund may be disposed of pursu-
ant to an act of the legislature hereafter to be passed,
authorizing the application thereof, in conformity
with the provisions of the act of congress aforesaid.

Comptroller to
keep separate
books of mat-
ters relating to
paid scrip and
lands.

142. The comptroller, in his annual report to the
legislature, shall state the condition and amount of
said fund, the expenditures on account thereof, and
all his proceedings and acts in regard thereto.

To report con-
dition to Legis-
lature.

143. All money received by the comptroller under
the provisions of this act shall be forthwith deposited
by him in the treasury of the state as a trust fund,
with which a special office and bank account shall
be kept by the treasurer so that the said money
shall not be intermingled with the ordinary funds
of the state; and the said money shall be paid out
by the treasurer, from time to time, on the warrant
of the comptroller, when required by him for the
purpose of being invested as hereinbefore mentioned.

In force from February 17, 1864.

Money to be
deposited in
treasury as
trust fund and
kept separate
and invested.

1865, c. 173 ena cts the following:

144. After the comptroller shall have sold the said
scrip and invested the proceeds thereof as provided
by the act of the general assembly, passed at Janu-

1865, c.178.

Investments by
comptroller
under 1864, c. 90.