... that the moneys so invested shall constitute a perpetual fund, the capital of which shall remain forever undiminished, (except so far as maybe provided in section fifth of this act,) and the interest of which shall be inviolably appropriated, by each... Documents Accompanying the Journal ... - Page 23by Michigan. Legislature - 1863Full view - About this book
| 1860 - 808 pages
...stocks* yielding not less than five p«r centum upon the par value of said stocks, and that the money so invested shall constitute a perpetual fund, the capital of which shall remain forever nndiminished (except so far as may be provided in section fifth of this act,) and the Interest of which... | |
| California State Teachers' Institute - Education - 1861 - 498 pages
...the State, and the proceeds thereof to be invested in stocks of the United States, or of the States, or some other safe stocks yielding not less than five...capital of which shall remain forever undiminished, and the interest of which shall be inviolably appropriated to the endowment, support, and maintenance... | |
| Michigan. Department of Public Instruction - Education - 1862 - 404 pages
...United States, or of the States, or some other safe stocks, yielding not less than 5 per centum. npon the par value of said stocks ; and that the moneys...so invested shall constitute a perpetual fund," the interest of which shall be inviolably appropriated " to the endowment, support and maintenance of at... | |
| Michigan. State Department of Agriculture - 1862 - 486 pages
...than five per cent, annually, upon the par value of such stocks, and to keep the same invested, to constitute a perpetual fund, the capital of which shall remain forever undiminished; and the annual interest shall be regularly applied, under the direction of the State Board of Agriculture,... | |
| Michigan. Legislature. House of Representatives - Legislative journals - 1863 - 974 pages
...apportioned, and from the sales of land script, hereinbefore provided for, shall be invested in stocks of the United States, or of the State, or some other...perpetual fund, the capital of which shall remain forever nndiminished, (except so far as may be provided in section fifth, of this act,) and the interest of... | |
| New York (State). Department of Public Instruction - Education - 1863 - 482 pages
...the State, and the proceeds thereof to be invested in stocks of the United States, or of the States, or some other safe stocks yielding not less than five...capital of which shall remain forever undiminished, and the interest of which shall be inviolably appropriated to the endowment, support and maintenance... | |
| Maine. Board of Agriculture - Agriculture - 1863 - 294 pages
...Legislature, and that the remainder " shall be invested in stocks of the United States, or of the States, or some other safe stocks, yielding not less 'than...capital of which shall remain forever undiminished, and the interest of which shall be inviolably appropriated, by each State which may take and claim... | |
| Michigan. Legislature - Michigan - 1863 - 890 pages
...stocks of the United States, or of the States, or some other safe stocks, yielding not less than 5 per centum upon the par value of said stocks ; and...so invested shall constitute a perpetual fund," the interest of which shall be inviolably appropriated " to the endowment, support and maintenance of at... | |
| California. Department of Public Instruction - Education - 1862 - 142 pages
...thus granted, shall be invested in safe stocks, yielding not less than five per cent per annum; and l' that the moneys so invested shall constitute a perpetual...capital of which shall remain forever undiminished, and the interest of which shall be inviolably appropriated to the endowment, support, and maintenance,... | |
| Kansas. Legislature. House of Representatives - 1863 - 382 pages
...of some other safe stocks, yielding not less than five per centum upon the par value of the same, to constitute a perpetual fund, the capital of which shall remain forever undiminished, except as hereafter mentioned. The interest to be inviolably appropriated by the Stat» accepting the same... | |
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