24 Pa. Stat. § 2548

Current through Pa Acts 2024-53, 2024-56 through 2024-64
Section 2548 - Trustees empowered to borrow money

The board of trustees of the agricultural college of Pennsylvania be and they are hereby authorized to borrow a sum of money, not exceeding eighty thousand dollars, at a rate of interest, not exceeding seven per cent., and taxes, with which to pay and consolidate all the debts of the institution, and to secure the same, by a mortgage upon the property thereof.

24 P.S. § 2548

1866, April 11, P.L. 100, § 2.