South Carolina - Acts on Education Topics

A Joint Resolution to Authorize the Regents of the State Hospital for the Insane to Purchase the Wallace Property and to Provide for Paying for Same.

March 9, 1896

Acts and Joint Resolutions of the General Assembly of South Carolina 1896, Page 387.

Section 1. Be it enacted by the General Assembly of the State of South Carolina, That the Regents of the State Hospital for the Insane are hereby authorized and empowered to purchase the property known as the Wallace property, containing one hundred and eight (108) acres, more or less, with the buildings thereon, for the use of the State Hospital for the Insane, provided the price to be paid for said property shall not exceed twenty-seven thousand five hundred dollars.

Section 2. That the said Regents are authorized and empowered to sell the bonds in their custody known as the Dix Fund, and to apply the proceeds of the sale of said bonds and accumulated interest to the purchase of the Wallace property.

Section 3. That the said Regents are authorized and empowered to borrow a sum of money not exceeding the difference between the sum realized from the sale of the bonds (known as the Dix Fund) and the amount paid for said property, and the President of the Board of Regents shall in his official capacity execute his bond and a mortgage of the said premises to secure such loan.

Approved: March 9th, A.D. 1896.

John Gary Evans, Governor.
W.H. Timmerman, Lt. Governor and President of the Senate.
Frank Boyd Gary, Speaker of the House of Representatives.



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