the Board may appoint. The president of the Board may Meetings, regu- call special meetings when he deems it expedient, or special meetings may be called by any three members of the Board.

Jar and special.

and submit same to Board.

SEC 7. An executive committee, consisting of three Executive com. competent and responsible persons, shall be appointed by to be appointed; the Board of Regents, who shall audit all claims, and to audit claims; to keep record, whose chairman shall draw all orders for such audited claims on the treasurer, but before payment such orders shall be countersigned by the secretary. Said committee shall keep a specific and complete record of all matters involving the expenditure of money, which record shall be submitted to the Board of Regents at each regular meeting of the same.

versity lands:

SEC. 8. The Board of Regents shall elect a Secretary, Secretary, elec- who shall hold his office at the pleasure of the Board. It tion and duty of; shall be his duty to record all the proceedings of the Board of Regents, and carefully to preserve all its books and exhibit of uni- papers. His books shall exhibit what parts of the University lands have been sold, when the same were sold, and at what price, and to whom, on what terms, what portion of the purchase-money has been paid, and when paid, on each sale, how much is due on each sale, by whom and how secured, and when payable, what lands remain unsold, where situated, and their appraised value, if appraised, or their estimated value, if not appraised. His books shall permanent also show how the permanent fund of the University has ⚫ been invested, the amount of each kind of stocks, if any, with the date thereof, and when due, and the interest thereon, and when and where payable, the amount of each loan, if any, and when made, and payable to whom, and how secured, and at what interest, and when and where payable. When any further sales of lands, or further instruments shall be made, the secretary shall enter the same upon his books as above set forth. The secretary to countersign & shall countersign and register all orders for money on the treasurer, and the treasurer shall not pay any order on him for money, unless the same be countersigned by the secretary.

of

fund;

to enter sales,

register orders.

SEC. 9. The Board of Regents shall elect a Treasurer, Treasurer-elec- Who shall hold his office at the pleasure of the Board. It tion and duty. shall be his duty as treasurer to keep a true and faithful

Bond;

account of all moneys received and paid out by him, and
before entering upon the duties of his office he shall take
and subscribe an oath that he will faithfully perform the
duties of treasurer; and he shall also give a bond in the
penalty of fifty thousand dollars conditioned for the faith-

2.9

ful discharge of his duties as treasurer, and that he will at
all times keep and render a true account of moneys
received by him as such treasurer, and of the disposition
he has made of the same, and that he will at all times be
ready to discharge himself of the trust, and to pay over
when required; which bond shall have two or more good approval;
sureties, and shall be approved, as to its form and the suf-
ficiency of its sureties, by the Board of Regents and also

the Auditor and Secretary of State, and shall be filed in led with Secrethe office of the latter.

keep accounts of

SEC. 10. The treasurer of the University shall have a Treasurer to set of books, in which he shall keep an accurate account lands. of all transactions relative to the sale and disposition of University lands, and the management of the fund arising therefrom; which books shall exhibit what parts and portions of land have been sold, at what prices and to whom, and how the proceeds have been invested, and on what securities, and what lands still remain unsold, where situated, and of what value respectively.

default.

SEC. 11. The treasurer shall, on the first day of June Notify persons in and December of each year, notify in writing each person in default of payment of either principal or interest of funds loaned by or due to the University, and shall cause suit to be commenced against such delinquents, when in his judgment the best interest of the institution requires.

SEO. 12. The Board of Regents shall enact laws for Duty of the B'rd. the government of the University, and shall appoint a president and the requisite professors and tutors, together with such other officers as they may deem expedient, and shall determine the salaries of such officers, the compen- Appointment, sation of the secretary and treasurer, and the amount of pay, and removal fees to be paid for tuition. They shall remove any officer connected with the University, when in their judgment the good of the institution requires it.

of officers.

brary, etc.

SEC. 13. The Board of Regents is authorized to expend Apparatus, 11such portion of the income of the University fund, as it may deem expedient in the purchase of apparatus, library, and cabinet of natural history, in providing suitable means to keep and preserve the same, and in procuring all other necessary facilities for giving instruction. SEO. 14. All specimens of natural history and geologi- Cabinet of natcal and mineralogical specimens, which are or hereafter may be collected by the State geologist of Iowa, or by any others appointed by the State to investigate its natural history and physical resources, shall belong to and be the property of the State University, and shall form a part of

ural history.

ing lands.

officers of Board

ested in sales.

Investment

fund.

its cabinet of natural history which shall be under the charge of the professor of that department.

SEC. 15. No sales of lands belonging to the University Manner of sell- shall hereafter take place unless the same shall be decided upon at a regular meeting of the Board of Regents, or at one called for that particular purpose, and then only in the manner, upon the notice, and on the terms which the Members and Board shall prescribe; and no member of the Board shall not to be inter- be either directly or indirectly interested in any purchase of such lands upon sale, nor shall the secretary or treasurer be so interested. It shall be lawful for the Board of to invest any portion of the permament endowment fund not otherwise invested, as well as any surplus income which is not immediately required for other purposes, in United State stocks or stocks of the State of Iowa, or by note and mortgage on unencumbered real estate the value of which, after deducting the value of all perishable improvements thereon, shall be double the amount of the sum loaned, and hold the same for the University, either as a permament fund or as an income to defray current expenses as said Board of Regents may deem expedient. Permanent fund It shall not be lawful for the Board to use any portion of not to be used the permanent fund for the ordinary expenses of the

for expenses of

institution. institution.

port to Board.

SEC. 16. The president of the University shall make President to re- a report on the fifteenth day of September, preceding the meeting of the General Assembly, to the Board of Regents, which shall exhibit the condition and progress of the institution in its several departments, the different courses of study pursued therein, the branches taught, the means and methods of instruction adopted, the number of students, with their names, classes, and residences, and such other matters as he may deem proper to communi

to embody same in his report.

cate.

SEC. 17. The Board of Regents shall, on the first day Board to report of October preceding each regular meeting of the General to Supt. Pub. Assembly, make a report to the Superintendent of Public Instruction. Instruction, which report, with that of the president of the Supt. Pub. Inst. University, shall be embodied in the said Superintendent's report to the General Assembly. The report of the Board of Regents shall contain the number of professors, tutors, Report-what to and other officers, with the compensation of each, the condition of the University fund, and the income derived therefrom, the amount of expenditures and the items thereof, with such other information and recommendations as they may deem expedient to lay before the General Assembly.

contain.

ceive only mile

SEC. 18. The Regents shall receive no compensation Regents to reexcept for mileage in traveling to and from the meetings. age. of the Board; which shall be at the same rate, and computed in the same manner, as the mileage allowed to members of the General Assembly. The Auditor of State Auditor to audit. is hereby authorized to audit and allow the claims for such attendance, for not more than three meetings annually.

SEC. 19. This act, being deemed of immediate impor- Taking effect. tance by the General Assembly, shall take effect and be in force from and after its publication in the Daily Iowa State Register and the Iowa City Republican. Approved, April 11, 1870.

I hereby certify that the foregoing act was published in the Daily Iowa State Register, April 12th, and in the Iowa City Republican, April 83th, 1870.

ED WRIGHT, Secretary of State.

CHAPTER 88.

SETTLERS ON CERTAIN LANDS.

AN ACT in Relation to Occupying Claimants.

APRIL 12.

or U. S., and

to be

deemed occupy

SECTION 1. Be it enacted by the General Assembly of the State of Iowa, That when any person shall have settled Settlers occupying lands obupon any lands within said State, and shall have occu- tained of State pied the same for three years, under or by virtue of any found not to be law of said State, or any contract with its proper officers, owners, for the purchase of said land, or under any law of, or by ing claimants. virtue of any purchase from, the United States, and shall have made valuable improvements thereon, and who shall have been, or shall hereafter be, found not to be the true owner thereof, or not to have acquired a right to purchase the same, from the State or the United States, such person shall be deemed an occupying claimant within the meaning of chapter ninety-seven of the Revision of Rev.: ch. 97, eighteen hundred and sixty.

SEC. 2. This act being deemed of immediate impor- Taking effect. tance, shall take effect from and after its publication in The Iowa North-West, and The Montana Standard.

Approved, April 12, 1870.

I hereby certify that the foregoing act was published in The Iowa North West on the 21st day of April, and in The Montana Standard on the 23d day of April, 1870.

ED WRIGHT, Secretary of State.

CHAPTER 89.

APRIL 12.

tees to equalize property.

TOWNSHIP BOARD OF EQUALIZATION.

AN ACT to Constitute Township Trustees a Board of Equalization for their respective Townships.

SECTION 1. Be it enacted by the General Assembly of Township trus- the State of Iowa, That the township trustees of each township shall constitute a board of equalization of assessments for their respective townships, and have power to equalize the assessment of the property liable to taxation in the township, substantially the same, so far as is practicable, as is done by the board of supervisors between the several townships.

SEC. 2. Said board shall meet at the office of the Annual meeting. township clerk, on the first Monday in May of each and every year, and at such meeting they shall add to such to assessment any taxable property in the township not included in the assessment as returned by the assessors, placing the same to the name of the proper person or persons, and shall assess the value thereof.

Additions assessments.

Corrections assessments,

SEC. 3. Any person who may feel aggrieved at anyin thing in the assessment of his property, may appear before said board of equalization in person or by agent, at the time and place mentioned in the preceding section, and have the same corrected in such manner as to the said board may seem just and equitable, and it shall be the Duty of township duty of the township assessor to meet with said board and correct the assessment books as they may direct.

assessor.

Taking effect.

SEC. 4. This act being deemed of immediate importance, shall take effect and be in force from and after its publication in the Des Moines Bulletin and Des Moines Statesman, newspapers published at Des Moines. Approved, April 12, 1870.

I hereby certify that the foregoing act was published in the Des Moines Daily Bulletin, on the 18th day of April, and in The Daily Des Moines Statesman, on the 18th day of April, 1870.

ED WRIGHT, Secretary of State.