.
am-uary 20, 1929
.
25,ooo.QO lotea
for road purpofma?”
.. Tb;o~aeQtachoolfuQdibpawldeJd&
200t1oM2 and 6 or ~tlole Yxx or the 0oMt1ttlt1oa
Mus. 5aatioa2, Art. vff. rea.aa.asrollowm
.. 'All funds, 10zldsend otbrm property
ht~9t0fora th9t apart and a2proprfetctd ror th0
support oi?publlo.aohaole; 833 the ultaraate
seat¶..c~of lmnd raawved by the St&o out of
g%%nts herctoforamde or that zwy hermftar
be aada to rallro.lasar other aorporatlana of
aty nature srfrstsoever;
czie-hslfof the Tublio
r;oinrllzlor the swita; irndUll'Dums or .zoJley
that zmy cicmoto the Stste from the ~420 of
my prtial uf tha oa.a, 6hd.1 oonrtitute a
parpetucrlpe.110 SChWi fund."
sao. 6. A-t. VSI. rwda in part ‘9sfollow4t
horotofora,or bersdtsr
-All LArt;Ls
~~ant+d to the bemmal o.untioa or #%a 3ta:ed
, .
.‘\ - ;.,..
,...
!i,,& * I‘ .. . -_
c- . ,’ i .. _
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Hon. .%fllan C. Wikmsld, februsry~20, 1939, 5%~ 2
. . for aduoatliurslpu~oaea, are ot rlpht tbo
F-m Oi aald O-t%88 l'88~OtlV8ly, to
uhloh theyorora mtiod and tltlo therato
is veateclSu 8aSd awutiaa, and uo rdrerae
paawasou or 1lmltat1ollahall avor k avsil- .
able abydaat tha title0r say uouaty. xaob
00my 338~8di 0r as8p080 0t it8 land8 in
whole or itipart, in maaaec to be provided
by the ooannlaslonara'mul!t of the aouuty i . ;.
aald lamla, au6 tha proowda thoraos, wlmn aou,;
shall bu bald By aald aountlaa aloaa 88 a trust
ior tb8 b8wrst OSpubii0 aohaa tomb: 8Jia
proowla to bs lmoatad la boada of tha United
statea, tha stata of 2axoa, or oowtlaa su
acid atats, or in auah othar aaourltlar, axd
under suoh reatrictloua as wy.lm preaorSbed
by law; aad tba ootmtitfa aJmll ba rauponalbla
ior all Savaatawnta;tlia lntaraat theram, and .j:
other ravauua, axoeptthe Frluolpd shall ba
aralXabla fluid.* .
Thsa last quoted pra&ion or tha aondltaw
tlou,2eo.6,ntLVII, weeadopted 08ana~mWntSa
lB&5. Irr.thaaaao OS Boydatua ve 8oolarallGown*, 86 2~. ,
234,24ss,lL272,whioh oowaruad oulytha lnT48taKdOS
a Uouat~*apqrnm~nt 8dhoalSuuU iotR& boadaof wothar
oamuty,.th8 alpram aourt OS 2awa aowauto(L 011ws pro- s
7l6loa or tha mBatltutioliaa followa: .
To al-8 of o*lnsoi,thamfora that tha
I'awuded8eotSou was lntamladto ooker authorl~ '
. Vhi6er auoh 0th~~ roatrlotlona .
aa~y~.preaoribeJ,~lsrr'~~thrrtths
ls~m.ature nlrht throw raotrlatloM - th8
Invoatwnt, and not that it ~88 bound to do so
before t&e powr .oouldb8 oxaroiaed.*
The 1aa&o(ys of 900. 6, Art. VXI. la plain and
anonbf@ou8. It aaya that the pracaadn trcm the 8.10 or
sohool lands, -nhioh Is pexmaent rohool fund monoy,we
"to be invested lr;land8 of . . . aouIltlooin said Stete. . .
under suah rastrlotiana ns my ba preuorlbed by 13~". That
lwogo olaarlp zwilasthnt a oouaty say lnveat its permanent
Hon. :'llliw C. 203xmld, F'obruory2C, 3939, Porn S
school funil3a tba 8onda of say and all oouu~loa or ths
wlaua [no atu~d la Eoydatun 9. Rookamll County,
the Lqdolatum has thrown rebatrlotlonawound the
Tha only krwucufa that ** 04n tlnd in the
stieatos whomin the ~oaialattm hns suld how aad where
thla mxley shall ba illreSt&la hrtlole 2aa4 or tho Ra-
viaad Civil statutoa ot.Toxuo,viblob aafar
Taob oounty zanysell or 4'~s~ of the
lfmla .-rantedto it ror eduoatioml purpowa
lnauohzmnaoraa~y~#ldedbytbotbe
misolowra' oourt of.auob oouuty lma tha pro- _ *.
_’
oaeCaofauyauoha3lo ahall- imeatad in
bon08 of tha UuSta6 states, tho State OS Taxoa,
th4 bonds OS tba oountlsa of tha 3tnt0, curdtho
oomm aohool dlstriOt8, road
iador-t
pro0 Or
0t, &alna~, IrrlcatSoo, natlmtion mrd
lOma Untriota in thla Stata, and tha boado
of lnoorporatoaoltlos aadtownE,mld holcrby
auoh oouutyalouo so a trust for tha bofmflt
at publlo traa aahMb therob, sly the bitarC ,:
aattharoouto bausod ati orL"pood annually." :.
-_
...-
ml8 it.atutenltarfstoathat tbia mousy ah& ba Suvwto&
su oertalu bouds lnolua~ "tba bon48 of tha oumtloe ‘..
OS tha stnta"~ ha 15 oartn%nLyno'reatrlotlan
or lid-
tatlonaatouhatommtybon4armybe~t. %bmlSmO
tto~imoatthlambnoylnltaown .
to%i% kthaaav t h+ the rl@t to lutoat St lu bw68
of otborooulltlel.
Ia~&tp thfa opinion w act ~ooutroatod with
the stat*& lo 37 To%. Jur. 86l, as tollowar
-?han the pmasada oi tho aala ot wuuty
lands ar0r0oolro4bytheoomPi~lonere~ 00urt
it io tha duty.ol.tha oourt thaxmf'ter to la-
vest tbe~asme ao.direotod by the Conatltution. '
It 1s provldod (art.7, boo. 0). tbot the pro-
ooeda still 'bo lnvcstcd ?n botis oS.ths lsnitcd -
Stntea, tho 2t3tt3 of Tezm. or oountlea io aela
rhnte,or In 3uoh other soourltioa and tnxlor
nuab rcatrlotlom 38 my bo pmcor 1bod by lm;
MC the oountloo shall bo miponolble Sor 3ll
~voatmnta; tho intorost thoreon, and other
zzmv&y': oxoopt tbo prlnoipal shall be =milubl.
.xthwlty to invitstthe jxoooeda 8houU _
be exerulsod by the oo”mio~ionora~’ oourt . . .
.
WA otnmty hso no gor.orto invast.thb plXI-
o0oda la It22 oxu bonds.-
t3ohQolrmla la oertaln co~ohe t?ountybaaa was ottaokoa,
eml~~aCoart ot Civil ApP?mls held that the babd~ wra .*
. . . ror Kllnt of any allthortty for thalr lssu-
_a enoo'; end asauondsr?ltaad lttboooorti#Ld that itweu :
lmpropet tar the cowlsalow~ to lnvoet the ooaat~‘6
gomenont aoboo2 fun6 in thoso Invalid bonds or wy 0th~'
lanuid hondo hoomu~e of the faot of tholr lnvell6ltT. C' ._.
Thorefortt,1~0do not tlxlnkthat the oaao of Cowwohg
county Vb
stattlrpsnt
ia