4 COLLEGES OF AGKICULTUEE AND MECHANIC ARTS. 



be paid by the Stares to which they may belong, out of the Treasury 

 of said States, so tha-t the entire proceeds of the sale of said lands shall 

 be applied, without any dirninution whatever, to the purposes 

 hereinafter mentioned. 



Sec. 4. A7id he it further enacted, That all moneys derived from the 

 sale of the lands aforesaid by the States to which the lands are appor- 

 tioned, 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, yielding not less than five per centum upon the 

 par value of said stocks; and that the moneys so invested shall con- 

 stitute a perpetual fund, the capital of which shall remain forever 

 undiminished, except so far as may be provided in section fifth of this 

 act, and the interest of which shall be inviolably appropriated, by 

 each State which may take and claim the benefit of this act, to the 

 endowment, support, and maintenance of, at least, one college, where 

 the leading object" shall be, without excluding other scientific and 

 classical studies, and including military tactics, to teach such branches 

 of learning as are related to agriculture and the mechanic arts, in such 

 manner as the Legislatures of the States may respectively prescribe, 

 in order to promote the liberal and practical education of the industrial 

 classes in the several pursuits and professions in life. 



Sec. 5. And he itjurther enacted, That the grant of land and land 

 scrip hereby authorized shall be made on the following conditions, to 

 which, as well as to the provisions hereinbefore contained, the pre- 

 vious assent of the several States shall be signified by legislative acts: 



First. If any portion of the fund invested, as provided by the fore- 

 going 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 re- 

 main 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, ma}" 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 be 

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

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



Third. Any State wliich may take and claim the benefit of the pro- 

 visions of this act shall provide, mthin 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; 



