North Carolina - Acts on Education Topics

An Act for Raising a Fund for Erecting the Buildings and for the Support of the University of North Carolina.

1789 - Chapter XXI

The State Records of North Carolina - Volume XXV, Pages 24-25

Whereas, the General Assembly by their Act, entitled “An Act to establish a University in this state,” passed on the eleventh day of December instant, have declared that a University shall be established and erected in this state, which shall be called and known by the name of The University of North Carolina: And whereas, adequate funds will be found to be the means which will most effectually ensure to the state the advantages to be hoped and expected from such an institution:

I. Be it therefore enacted by the General Assembly of the State of North Carolina, and it is hereby enacted by the authority of the same, That a gift of all monies due and owing to the public of North Carolina, either for arrearages under the former or present government, up to the first day of January, one thousand seven hundred and eighty-three, inclusive, (monies or certificates due for confiscated property purchased excepted) shall be and is hereby declared to be fully and absolutely made, for the purpose of erecting the necessary buildings, employing professors and tutors, and carrying into complete effect the act before recited: And the Treasurer is hereby directed and required to commence suits, and to prosecute all persons owing as above mentioned, and the monies recovered in consequence there of to pay into the hands of the Trustees named in said act, or their successors, to be applied to the purposes aforesaid. Provided, That nothing herein contained shall be construed to prevent the Treasurer or Comptroller from settling with and collecting from the executors of Robert Lanier, deceased, late Treasurer of Salisbury district, such sums in cash or certificates as may on a final settlement of his accounts be found to be due to the public; nor shall it extend to prevent their collecting from the Sheriffs of that district, their arrearages of taxes which became due under the present government, and which ought to have been paid into the office of the said Lanier as Treasurer aforesaid; provided they make such collection within the space of two years, after which time the arrearages of that district also shall be considered as being included in this gift.

II. And be it enacted, That all the property that has heretofore or shall hereafter escheat to the state, shall be and hereby is vested in the said Trustees, for the use and benefit of the said University.

III. And be it further enacted by the authority aforesaid, That the lands and other property belonging to the University aforesaid, shall be, and the same is hereby exempt from all kind of public taxation.

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