Missouri Laws 172.730 – Disposition of funds collected under provisions of Morrill bill
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Terms Used In Missouri Laws 172.730
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
All funds collected under the provisions of an act of congress, approved August 30, 1890, commonly known as the “Morrill bill”, shall be paid as follows: One-sixteenth thereof for the benefit of the Lincoln University and one-fourth of the remainder to the treasurer of the University of Missouri-Rolla, and the remainder shall be paid to the treasurer of the state university for the benefit of the agricultural college.