It shall require a two-thirds vote of the board of trustees to authorize the expenditure of any monies appropriated to the university by the State or to authorize the sale, transfer or reinvestment of any property or monies arising from the sale of any property under the provisions of this chapter. All such actions shall be exercised in a manner consistent with the provisions of Chapter 35 of Title 11 of the 1976 Code.
HISTORY: 1962 Code Section 22-208; 1952 Code Section 22-208; 1942 Code Section 5734; 1932 Code Section 5734; Civ. C. '22 Section 2830; Civ. C. '12 Section 1890; Civ. C. '02 Section 1304; R. S. 1122; 1889 (20) 279; 1981 Act No. 148, Section 13.