MINERSVILLE LAND & LIVESTOCK COMPANY v. STATEN

No. 8662.

7 Utah 2d 331 (1958)

325 P.2d 260

MINERSVILLE LAND & LIVESTOCK COMPANY, PLAINTIFF AND RESPONDENT, v. EARL P. STATEN, ADMINISTRATOR OF THE ESTATE OF WILLIAM STORY, JR., DECEASED, ET AL., DEFENDANTS AND APPELLANTS.

Supreme Court of Utah.

May 14, 1958.


Attorney(s) appearing for the Case

John S. Boyden, Allen H. Tibbals, Salt Lake City, for appellants.

C.M. Gilmour, Clinton D. Vernon, Salt Lake City, for respondent.


McDONOUGH, Chief Justice.

The first question here confronted, the answer to which we deem decisive of this appeal, may be stated as follows: Where lands were granted to the state by the federal government for use of the State Agricultural College and subject to the restriction that all proceeds from the sale of said lands are to constitute a permanent fund to be safely invested and held by the state, the income thereof to be used exclusively for the purposes of such...

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