South Carolina - Acts on Education Topics

An Act to Provide for the Investment and Use of the Agricultural College Fund.

December 23, 1879

Acts and Joint Resolutions of the General Assembly of South Carolina 1879, Pages 86-87.

SECTION 1. Be it enacted 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 in accordance with the stipulations entered into with the United States by this State accepting and receiving the donation of land scrip for the endowment of one or more colleges for the promotion of agriculture and mechanic arts, the State Treasurer be, and he is hereby, authorized and required to issue to the Board of Trustees of the University of South Carolina a certificate of State stock in the sum of one hundred and ninety-one thousand eight hundred dollars ($191,800), bearing interest at the rate of six per cent per annum from July 1st, A. D. 1879, payable semi-annually, to be held by the University of South Carolina as a perpetual fund, (capital of which shall remain forever undiminished,) to be used by said Board of Trustees solely for the purposes for which the said land scrip was originally donated by the Acts of the Congress of the United States in relation thereto; the said certificate of stock to be held in lieu and stead of the Agricultural College bonds, formerly constituting the Agricultural College fund under the said Acts of Congress and the Acts of the General Assembly of this State in relation to the same, and heretofore used by the Financial Agent for general State purposes.

SEC. 2. That the Board of Trustees of the University is hereby authorized to establish a College of Agriculture and Mechanics for the benefit of the white students, in addition to the South Carolina Agricultural College and Mechanics’ Institute now in operation for the benefit of colored students, and to maintain the said colleges out of the income of said fund, and to use the property and grounds of the University of South Carolina at Columbia in such manner and so far as deemed necessary for the purpose aforesaid.

SEC. 3. That the said Board of Trustees is authorized to establish scholarships in the said College of Agriculture and Mechanics from time to time, to be enjoyed equally by students from various sections of this State, either by Counties or Congressional Districts, as the income of the said college may justify; and the said Board of Trustees may also establish similar scholarships to be enjoyed by the white male graduates of the chartered colleges of this State, according to a system to be arranged by the said Board, so as to give each college an equal share in the enjoyment of the said scholarships in proportion to the numbers of white graduates; and the said Board of Trustees shall, in establishing such scholarships, provide for the collection and arrangement of statistical and general information concerning the agricultural, mechanical and mineral resources of this State; and tuition in the said college shall be free to all students whose parents reside in this State.

Thos. B. Jeter, President Pro Tem. of the Senate.
John C. Sheppard, Speaker of the House of Representatives.
William D. Simpson, Governor.

Approved: December 23, 1879



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