Sec. 8. The board of trustees shall faithfully apply all funds collected by the board according to its best judgment, in the erection of suitable buildings, purchase of equipment, care of buildings and grounds, the purchase of real and personal property, and in payment of salaries to instructors, officers, and agents. The trustees may receive for and on behalf of the university, donations, devises, and bequests made either generally for the benefit of the university or for purposes in harmony with the objects of the university.
As added by P.L.1-1989, SEC.49.
Structure Indiana Code
Title 23. Business and Other Associations
Article 13. Educational Institutions
Chapter 20. University of Evansville
23-13-20-1. Body Corporate and Politic; Powers of Board
23-13-20-2. Objects of Corporation
23-13-20-3. Location of University
23-13-20-4. Board of Trustees; Members; Amendment of Charter; Bylaws
23-13-20-5. Board of Trustees; Officers; Bonds; Quorum; Majority Rule
23-13-20-7. Meetings; Notice of Special Meetings; Removal of Trustee
23-13-20-8. Application of Funds; Donations, Devises, and Bequests