Agriculture of Maine: Annual Report of the Secretary of the Maine Board of Agriculture, Volume 9, Part 1864

Front Cover

From inside the book

Other editions - View all

Common terms and phrases

Popular passages

Page 184 - No portion of said fund, nor the interest thereon, shall be applied, directly or indirectly, under any pretence whatever, to the purchase, erection, preservation or repair of any building or buildings.
Page 178 - Any State which may take and claim the benefit of the provisions of this act shall provide, within five years, at least not less than one college, as described in the fourth section of this act, or the grant to such State shall cease...
Page 203 - States, so that the entire proceeds of the sale of said lands shall be applied without any diminution whatever to the purposes hereinafter mentioned. SECT. 4. And be it further enacted, that all moneys derived from the sale of the lands aforesaid by the States to which the lands are apportioned, and from the sales of land scrip hereinbefore provided for, shall be invested in stocks of the United States, or of the States, or some other safe stocks...
Page 203 - ... first. If any portion of the fund invested as provided by the foregoing section, or any portion of the interest thereon, shall by any action or contingency be diminished or lost, it shall be replaced by the State to which it belongs, so that the capital of the fund shall remain forever...
Page 202 - Provided, That in no case shall any State to which land scrip may thus be issued be allowed to locate the same within the limits of any other State, or of any Territory of the United States...
Page 202 - States in sections or subdivisions of sections, not less than onequarter of a section; and whenever there are public lands in a State subject to sale at private entry at one dollar and twentyfive cents per acre, the quantity to which said State shall be entitled shall be selected from such lands within the limits of such State...
Page 202 - ... within the limits of any other State, or of any Territory of the United States, but their assignees may thus locate said land scrip upon...
Page 203 - That the grant of land and land scrip hereby authorized shall be made on the following conditions, to which, as well as to the provisions hereinbefore contained, the previous assent of the several States shall be signified by legislative acts: First.
Page 204 - And be it further enacted. That the governors of the several States to which scrip shall be issued under this act shall be required to report annually to Congress all sales made of such scrip until the whole shall be disposed of, the amount received for the same and what appropriation has been made of the proceeds.
Page 203 - That all moneys derived from the sale of the lands aforesaid by the States to which the lands are apportioned, and from the sales of land scrip hereinbefore provided for, shall be invested in 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 that the moneys so invested shall constitute a perpetual fund, the capital of which shall remain forever undiminished...

Bibliographic information