Report of the Law Committee of the Board of Regents On the Act of Congress of Ju
Report of the Law Committee of the Board of Regents On the Act of Congress of Ju
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STATE PRINTING.
1883.
UNIVERSITY OF CALIFORNIA.
REPORT LAW COMMITTEE BOARD OF REGENTS ACT OF CONGRESS OF JULY 2, 1862.
SACRAMENTO: JAMES J. AYERS, SUPT. STATE PRINTING.
1883.
REPORT, MR. PRESIDENT: An inquiry has been made of the Law Committee as to whether in their opinion the funds derived to the University under the Act of Congress of July 2, 1862, may now be lawfully invested in securi- ties other than the stocks of the United States, or of the States, or some other stocks supposed to be re...liable, and yielding not less than five per cent upon their par value, as prescribed in that Act.
At the time of its passage the money markets of the country were overflowing with securities of the char- acter therein mentioned, and no material financial change would seem to have been then anticipated.
But now it is understood to be the case that there are not to be found in the money market any, or, at all events, a sufficient amount of stocks of the prescribed character in which the funds of the University may be invested so as to produce the yield required by the Act.
What to read after Report of the Law Committee of the Board of Regents On the Act of Congress of Ju?
You can find similar books in the "Read Also" column, or choose other free books by University of California System Regents Law Co to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
STATE PRINTING.
1883.
UNIVERSITY OF CALIFORNIA.
REPORT LAW COMMITTEE BOARD OF REGENTS ACT OF CONGRESS OF JULY 2, 1862.
SACRAMENTO: JAMES J. AYERS, SUPT. STATE PRINTING.
1883.
REPORT, MR. PRESIDENT: An inquiry has been made of the Law Committee as to whether in their opinion the funds derived to the University under the Act of Congress of July 2, 1862, may now be lawfully invested in securi- ties other than the stocks of the United States, or of the States, or some other stocks supposed to be re...liable, and yielding not less than five per cent upon their par value, as prescribed in that Act.
At the time of its passage the money markets of the country were overflowing with securities of the char- acter therein mentioned, and no material financial change would seem to have been then anticipated.
But now it is understood to be the case that there are not to be found in the money market any, or, at all events, a sufficient amount of stocks of the prescribed character in which the funds of the University may be invested so as to produce the yield required by the Act.
What to read after Report of the Law Committee of the Board of Regents On the Act of Congress of Ju?
You can find similar books in the "Read Also" column, or choose other free books by University of California System Regents Law Co to read onlineMoreLess
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