§ 116-40. Board to accept gifts and congressional donations. - North Carolina Statutes

§ 116‑40.  Board toaccept gifts and congressional donations.

The Board of Governors shall use, as in its judgment may be proper, forthe purposes of the University and for the benefit of education in agricultureand mechanic arts, as well as in furtherance of the powers and duties now orwhich may hereafter be conferred upon such Board by law, any funds, buildings,lands, laboratories, and other property which may be in its possession. TheBoard of Governors shall have power to accept and receive on the part of theState, property, personal, real or mixed, and any donations from the UnitedStates Congress to the several states and territories for the benefit ofagricultural experiment stations or the agricultural and mechanical colleges inconnection therewith, and shall expend the amount so received in accordancewith the acts of the Congress in relation thereto. (1907, c. 406, s. 6; C.S., s. 5816; 1963, c. 448, s.8; 1971, c. 1244, s. 9.)