020
Item
-
Title
-
020
-
Transcription
-
the state into the union, set apart and reserved for the use and support of a state university seventy-two sections of land, thus making a total of 136,080 acres of endowment lands. The proceeds of land sales, under the acts of Congress just named, constitute the permanent endowment fund of the University. Legal provision was made for the leasing of these lands, along with the common school lands, by the state board of public lands and buildings. Under an act of the legislature of 1897, no further sales of university lands can be made. The principal arising from former sales is paid into the permanent endowment fund, to be invested securities, only the interest of which can be used for expenses. Unfortunately, before the legislature took action, in 1897, nearly all the endowment lands had been sold, or were under contract of sale.
Income is also derived by the University from the money-grant act of Congress, known as the Morrill-Nelson act of August, 1890, in aid of the original land grant fund and to be used in the same way, and from the Hatch-Adams act of 1887, for the establishment of experiment stations. The other revenues of the University are derived from appropriations made by the legislature and from taxation. By an amendment, passed in 1899, of the original act establishing the University, a tax of one mill per dollar on the grand assessment roll of the state is now provided, to be levied annually for the support of the University.
The act establishing the University provided for a model farm. The governor was instructed to set apart two sections of any agricultural college land or saline land belonging to the state, and to notify the state land commissioner of such reservation for laying out a model farm. Land so set apart was not to be used for any other purpose. In his message of 1871, Governor Butler recommended that as there were no such lands in an eligible situation, a section of state lands should be sold and the proceeds applied to the purchase of a farm of not more than 320 acres as near the University campus as possible. Selection was made, and the land so selected was purchased, and converted into the present University experiment station farm.
-
Rights
-
To inquire about usage, please contact Archives & Special Collections, University of Nebraska-Lincoln Libraries. These images are for educational use only. Not all images are available for publication.
