visions hereinbefore contained, the previous assent of the several States shall be sig- 

 nified 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 contingency, be diminished 

 or lost, it shall be replaced by the State to which it belongs, so that the capital of the 

 hind shall remain forever undiminished; and the annual interest shall be regularly 

 applied without diminution to the piu-poses 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 legis- 

 latures of said States. 



Second. No portion of said fund, nor the interest thereon, shall be applied, directly 

 or indii'ectly, under any pretense whatever, to the piu-chase, 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 described 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 railroad grants, they shall be computed to the 

 States at the maximum price and the number of acres proportionately diminished. 



Sixth. No State while in a condition of rebellion or insurrection against the Gov- 

 ernment of the United States shall be entitled to the benefit of this act. 



Seventh. No State shall be entitled to the benefits of this act unless it shall express 

 its acceptance thereof by its legislature within two years from the date of its approval 

 by the President. 



Sec. 6. And be it further enacted, That land scrip issued under the provisions of this 

 act shall not be subject to location until after the first day of January, one thousand 

 eight hundred and sixty-three. 



Sec. 7. And be it further enacted, That the land officers shall receive the same fees 

 for locating land scrip issued under the provisions of this act as is now allowed for the 

 location of military bounty land warrants under existing laws: Provided, That their 

 maximum compensation shall not be thereby increased. 



Sec. 8. 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. 



Approved, July 2, 1862 (12 Stat. L., 503). 



ACT OF 1866 EXTENDING THE TIME WITHIN WHICH AGRICULTURAL 

 COLLEGES MAY BE ESTABLISHED. 



AN ACT To amend the fifth section of an act entitled "An act donating public lands to the several 

 States and Territories which may provide colleges for the benefit of agriculture and the mechanic arts," 

 approved July 2, 1862, so as to extend the time within which the provisions of said act shall be accepted 

 and such colleges established. 



Be it enacted by the Senate and House of Representatives of the United States of America 

 in Congress assembled, That the time in which the several States may comply with the 

 provisions of the act of July second, eighteen hundred and sixty-two, entitled "An 



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