Untitled article

Pacific Press Publishing Company · New York · July 24, 1890

FromThe American Sentinel, Vol. 5, No. 29

each year report to Congress a full and complete statement of its progress and operations, with an account of all moneys expended in the course of its operations.

SEC. 6. That the said Board of Regents shall have, and are hereby granted, authority to obtain the necessary grounds and provide for the necessary buildings and conveniences required for the purposes of this act, and to fix the compensation and allowance of all officers, professors, fellows, and scholars authorized by this act to be by them provided for, and to provide for all incidental expenses arising from the execution of this act; all of which expenses shall be reported to the proper accounting officers of the Treasury and passed upon according to the usual course of accounts for the public service, but no such expense shall exceed the allowance in gross provided for in this act.

SEC. 7. That the sum of not exceeding five hundred thousand dollars is hereby appropriated, for the expenses of the procurement of the necessary grounds and the erection of the necessary buildings contemplated in this act.

SEC. 8. That the sum of five million dollars of money in the Treasury not otherwise appropriated, is hereby permanently set apart in the Treasury of the United States as the principal of a perpetual fund, the necessary part of the income of which, and no more than such income, may be annually used for the purposes in this act mentioned. The said sum so set apart shall bear interest at the rate of four per cent. per annum, out of which four per cent. per annum all the expenses of said University, except the expenses provided for in the special appropriation for the grounds and buildings herein before mentioned, shall be paid.

SEC. 9. That the said Board of Regents may receive gifts and donations in aid of any of the objects in this act mentioned, and in such case they shall invest or otherwise deal with the same according to the will of the donor in each case.

SEC. 10. That no special sectarian belief or doctrine shall be taught or promoted in said University, but this prohibition shall not be deemed to exclude the study and consideration of Christian theology.

SEC. 11. That no person otherwise eligible according to the provisions of this act shall be excluded from the benefits thereof on account of race, color, citizenship, or religious belief.

SEC. 12. That Congress shall have power at all times, according to its judgment for the public good, to amend or repeal this act, and it shall have the power by any committee of either house of Congress appointed for that purpose, to visit and inquire into, and report upon all the operations of the corporation established by this act.

COMMITTEE.

Edmunds. Harris. Sherman. Dolph. Ingalls. Butler. Blair. Gibson. Barbour.