Indiana Statutes
§ 23-13-20-8 — Application of funds; donations, devises, and bequests
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 13 EDUCATIONAL INSTITUTIONS·Ch. 20 University of Evansville
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.
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Legislative History
As added by P.L.1-1989, SEC.49.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"