528 THE OROUNDSWELL. 



lively prescribe, in order to promote the liberal and practical educa 

 tion of the industrial classes in the several pursuits and professions 

 in life. 



5. And be it further enacted, That the grant of land and 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 legis 

 lative 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 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 undiminished ; and the annual interest shall be regu 

 larly applied without diminution to the purposes mentioned in the 

 fourth section of this act, except that a sum, not exceeding ten per 

 centum upon the amount received by any State under the provisions 

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

 experimental farms, whenever authorized by the respective Legisla 

 tures of said States. 



Second No portion of said fund, nor the interest thereon, shall bo 

 applied, directly or indirectly, under any pretense whatever, to the 

 purchase, erection, preservation, or repair of any building or 

 buildings. 



Third 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 prescribed in the fourth section of this act, or the 

 grant to such State shall cease ; and said State shall be bound to pay 

 the United States the amount received of any lands previously sold, 

 and that the title to purchasers under the State shall be valid. 



Fourth An annual report shall be made regarding the progress of 

 each college, recording any improvements and experiments made, 

 with their cost and results, and such other matters, including State 

 industrial and economical statistics, as may be supposed useful ; one 

 copy of which shall be transmitted by mail free, by each, to all the 

 other colleges which may be endowed under the provisions of this 

 act, and also one copy to the Secretary of the Interior. 



Fifth When lands shall be selected from those which have 

 been raised to double the minimum price in consequence of rail 

 road grants, they shall be computed to the States at the maximum 

 , and the number of acres proportionally diminished. 



