Central Missouri State University, authority to convey certainmineral rights--proceeds to scholarship fund.
174.042. 1. The titles which were vested in the governor bysection 15 of the omnibus reorganization act of 1974, appendix B,RSMo, to mineral rights acquired by the state as a gift to theboard of regents of Central Missouri State University from HowardW. Marolf and Margaret A. Marolf, in December, 1963, are herebytransferred to and vested in the board of regents of CentralMissouri State University.
2. The board of regents for Central Missouri StateUniversity is hereby and hereafter authorized to grant, bargainand sell, convey and confirm, at its discretion, all or anyportion of the mineral rights reserved in, on, under and to land,more particularly described in subsection 3 of this section, inHowell, Laclede, Taney, Texas, Webster, and Wright Counties inMissouri. The title to these mineral rights was acquired as agift to Central Missouri State University for the expressedpurpose of establishment of a fund for scholarships in 1963.
3. The mineral rights are more particularly described asthose reserved in, on, under and to land described in deeds,properly recorded in Howell, Laclede, Taney, Texas, Webster, andWright Counties, Missouri, which deeds reflect transfer ofownership of the mineral rights to the board of regents for theCentral Missouri State College, Warrensburg, Missouri, fromHoward W. Marolf and Margaret A. Marolf, in December, 1963.
4. The consideration for any future conveyance shall be anamount equal to the fair market value of the mineral rights, asdetermined by the board of regents for Central Missouri StateUniversity, at the time of the conveyance.
5. In accordance with the expressed purpose of the gift bythe donors of the mineral rights, proceeds from any futureconveyance shall accrue to the scholarship fund of CentralMissouri State University.
Central Missouri State University, authority to convey certainmineral rights--proceeds to scholarship fund.
174.042. 1. The titles which were vested in the governor bysection 15 of the omnibus reorganization act of 1974, appendix B,RSMo, to mineral rights acquired by the state as a gift to theboard of regents of Central Missouri State University from HowardW. Marolf and Margaret A. Marolf, in December, 1963, are herebytransferred to and vested in the board of regents of CentralMissouri State University.
2. The board of regents for Central Missouri StateUniversity is hereby and hereafter authorized to grant, bargainand sell, convey and confirm, at its discretion, all or anyportion of the mineral rights reserved in, on, under and to land,more particularly described in subsection 3 of this section, inHowell, Laclede, Taney, Texas, Webster, and Wright Counties inMissouri. The title to these mineral rights was acquired as agift to Central Missouri State University for the expressedpurpose of establishment of a fund for scholarships in 1963.
3. The mineral rights are more particularly described asthose reserved in, on, under and to land described in deeds,properly recorded in Howell, Laclede, Taney, Texas, Webster, andWright Counties, Missouri, which deeds reflect transfer ofownership of the mineral rights to the board of regents for theCentral Missouri State College, Warrensburg, Missouri, fromHoward W. Marolf and Margaret A. Marolf, in December, 1963.
4. The consideration for any future conveyance shall be anamount equal to the fair market value of the mineral rights, asdetermined by the board of regents for Central Missouri StateUniversity, at the time of the conveyance.
5. In accordance with the expressed purpose of the gift bythe donors of the mineral rights, proceeds from any futureconveyance shall accrue to the scholarship fund of CentralMissouri State University.
Central Missouri State University, authority to convey certainmineral rights--proceeds to scholarship fund.
174.042. 1. The titles which were vested in the governor bysection 15 of the omnibus reorganization act of 1974, appendix B,RSMo, to mineral rights acquired by the state as a gift to theboard of regents of Central Missouri State University from HowardW. Marolf and Margaret A. Marolf, in December, 1963, are herebytransferred to and vested in the board of regents of CentralMissouri State University.
2. The board of regents for Central Missouri StateUniversity is hereby and hereafter authorized to grant, bargainand sell, convey and confirm, at its discretion, all or anyportion of the mineral rights reserved in, on, under and to land,more particularly described in subsection 3 of this section, inHowell, Laclede, Taney, Texas, Webster, and Wright Counties inMissouri. The title to these mineral rights was acquired as agift to Central Missouri State University for the expressedpurpose of establishment of a fund for scholarships in 1963.
3. The mineral rights are more particularly described asthose reserved in, on, under and to land described in deeds,properly recorded in Howell, Laclede, Taney, Texas, Webster, andWright Counties, Missouri, which deeds reflect transfer ofownership of the mineral rights to the board of regents for theCentral Missouri State College, Warrensburg, Missouri, fromHoward W. Marolf and Margaret A. Marolf, in December, 1963.
4. The consideration for any future conveyance shall be anamount equal to the fair market value of the mineral rights, asdetermined by the board of regents for Central Missouri StateUniversity, at the time of the conveyance.
5. In accordance with the expressed purpose of the gift bythe donors of the mineral rights, proceeds from any futureconveyance shall accrue to the scholarship fund of CentralMissouri State University.
