The Public School Laws

Louisiana. Laws, Statutes, Etc. [from Old Catalog]

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by this act shall not exceed in value five millions of dollars, invested in real estate not otherwise exempted, which said value shall be determined in the mode required by law for the assess- ment and valuation of property subject to taxation, it being the true meaning and intent hereof, that all the property of the Tulane University of Louisiana, of whatsoever character, shall be exempted from taxation, State, parochial and municipal, except the excess of real estate belonging thereto, over a...nd above the value of five million dollars, as above stated.
Sec 237. [Scholarships to be Oranted.] — In consideration of the vesting of the administration of the University of Lou- isiana* in the said administrators of the

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