148 BOARD OF AGRICULTURE. 



public lands in a stato subject to sale at private entry at one dollar and twonty- 

 tive cents per acre, the quantity to which said state shall be entitled sliall be 

 selected from sucli lands within the limits of such state, and the .'^ccretary of 

 the Interior is hereby directed to issue to each of the states in which there is 

 not tlic quantity of public lands subject to sale at private entry at one dollar 

 and twenty-five cents per acre, to which said state may be entitled under tlie 

 provisions of this act, land scrip to tlie amount in acres for the deficiency of 

 its distributive share ; said scrip to be sold by said states and the proceeds 

 thereof applied to the uses and purposes preseril>ed in tliis act, and for no other 

 use or purpose whatsoever : 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, but their assignees 

 may thus locate said land scrip upon any of the unappropriated lands of the 

 United States subject to sale at private entry at one dollar and twenty-five 

 cents or less per acre : And frovidcd further. That not more than one million 

 acres shall be located by such assignees in any one of the states : And provided 

 further. That no such location shall be made before one year from the passage 

 of this act. 



Sect. 3. And be it further enacted. That all the expenses of management, su- 

 perintendence, and taxes from date of selection of said lands, previous to their 

 sales, and all expenses incurred in the management and disbursement of the 

 moneys which may be received therefrom, shall be paid by the states to which 

 they may l)elong out of the treasury of said 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 bj' the state 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, yield- 

 ing not less than five per centum upon the par value of said stocks ; and that 

 the monej's so invested shall constitute a peipetual fund, the capital of which 

 shall remain forever undiminished, (except so far as may be jirovidcd in sec- 

 tion fifth of tliis act,) and the interei^t of which shall be inviolably appropri- 

 ated, bv each state which may take and claim tlie benefit of this act, to the 

 endowment, su] port, and maintenance of at least one college, where the 

 leading object sliall be, without excluding other scientific and classical studies, 

 and including military tactics, to tcacli sucli branches of learning as arc related 

 to ajiriculture and the mechanic arts, in such manner as the lejuislatuies of the 

 states may respectively prescribe, in order to promote the liberal and jiractical 

 education of the industrial classes in the several pursuits and j'l'ofcssions in 

 life. 



Skct. 5. And be it further enacted. That the grant of land and land scrip 

 hereby authorized shall be made on the fnllowing 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. 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 contin- 

 gency, I)c diminished or lost, it shall be replaced by the state to which it 

 belongs, so that the capital of the fund shall remain forever undiminished; 

 and tlie annual interest shall lie regularly applied without diminution to the 

 purposes mentioned in the fourth section of this act, except that a sum, not 

 exceeding ten j cr centum uiion the amount received by any state under th.o 

 provisions of tliis act, may be expended for the purchase of lands for sites or 

 experimental farms, wlicnever authorized by the respective legislatures of said 

 states. 



Second. 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 rcjiair of any building or buildings. 



