Yale’s 367-year-old water bond still pays interest (2015)

Re:Yale’s 367-year-old water bond still pays interest (2015) by NordSteve on Saturday December 10, 2022 @05:39PM (#33937737)

Not at all uncommon. Allow me to direct you to Article XIII of the Minnesota Constitution, which states:

Sec. 3. University of Minnesota. All the rights, immunities, franchises and endowments heretofore granted or conferred upon the University of Minnesota are perpetuated unto the university.

https://www.revisor.mn.gov/constitution/#article_13

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Re:Yale’s 367-year-old water bond still pays interest (2015) by JackFr on Saturday December 10, 2022 @08:17PM (#33938934)

Pretty sure all that means was that the land grant of the territorial legislature would still be in effect after the ratification of the Constitution (1851 vs 1857.)

Interestingly enough, Section 4 immediately following invests the state with eminent domain power.

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Re:Yale’s 367-year-old water bond still pays interest (2015) by NordSteve on Sunday December 11, 2022 @06:28PM (#33948813)

Untrue. The University of Minnesota has broad powers to manage its own affairs without interference from the State and local government.

This excellent article by the legal research team describes the scope of the University's powers and cites key legal cases that have helped define it. https://www.house.leg.state.mn.us/hrd/pubs/ss/clssumca.pdf

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