South Carolina - Acts on Education Topics

Joint Resolution Providing for the Investment of all Funds in the Hands of the State Treasurer Under the Clemson Bequest and Directing Him to Pay the Interest Arising Thereon to the Board of Trustees of the Clemson Agricultural College.

December 23, 1890

Acts and Joint Resolutions of the General Assembly of South Carolina 1890, Page 662.

Section 1. Be it resolved By the Senate and House of Representatives of the State of South Carolina, now met and sitting in General Assembly, and by the authority of the same, That the State Treasurer shall securely invest and reinvest the funds now in his hands and such as may hereafter come into his hands derived from the Clemson bequest in such manner as he shall be directed by the Governor, the Comptroller General and the Treasurer of the State, or any two of them.

Sec. 2. That the State Treasurer is hereby authorized to collect the interest annually upon all investments made of funds of the Clemson bequest, and pay the same over to the Treasurer of the Board of Trustees of Clemson Agricultural College.

Sec. 3. That it shall be the duty of the State Treasurer, under the direction of the Governor, the Comptroller General and the Treasurer of the State, or any two of them, to enforce the collection of the principal or interest due on any investments made of such Clemson bequest.

Approved December 23d, A.D. 1890.

Benjamin R. Tillman, Governor.
Eugene B. Gary, President of the Senate and Lt. Governor.
Ira B. Jones, Speaker of the House of Representatives.



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