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1949
—
Resolutions 1719
board such funds as may be required for the establishment, The Regional
acquisition, operation and maintenance of such regional educa-tional
institutions as may be authorized by the states under the
terms of this compact, the contribution of each state at all times
to be in the proportion that its population bears to the total
combined population of the states who are parties hereto as
shown from time to time by the most recent official published
report of the Bureau of the Census of the United States of
America ; or upon such other basis as may be agreed upon.
This compact shall not take effect or be binding upon any
state unless and until it shall be approved by proper legislative
action of as many as six or more of the states whose governors
have subscribed hereto within a period of eighteen months from
the date hereof. When and if six or more states shall have
given legislative approval to this compact within said eighteen
months period, it shall be and become binding upon such six or
more states sixty days after the date of legislative approval
by the sixth state and the governors of such six or more states
shall forthwith name the members of the board from their states
as hereinabove set out, and the board shall then meet on call
of the governor of any state approving this compact, at which
time the board shall elect officers, adopt bylaws, appoint com-mittees
and otherwise fully organize. Other states whose names
are subscribed hereto shall thereafter become parties hereto upon
approval of this compact by legislative action within two years
from the date hereof, upon such conditions as may be agreed
upon at the time. Provided, however, that with respect to any
state whose constitution may require amendment in order to
permit legislative approval of the compact, such state or states
shall become parties hereto upon approval of this compact by
legislative action within seven years from the date hereof, upon
such conditions as may be agreed upon at the time.
After becoming effective this compact shall thereafter continue
without limitation of time; provided, however, that it may be
terminated at any time by unanimous action of the states and
provided further that any state may withdraw from this com-pact
if such withdrawal is approved by its legislature, such
withdrawal to become effective two years after written notice
thereof to the board accompanied by a certified copy of the
requisite legislative action, but such withdrawal shall not re-lieve
the withdrawing state from its obligations hereunder ac-cruing
up to the effective date of such withdrawal. Any state
so withdrawing shall ipso facto cease to have any claim to or
ownership of any of the property held or vested in the board
or to any of the funds of the board held under the terms of this
compact.
If any state shall at any time become in default in the per-formance
of any of its obligations assumed herein or with re-spect
to any obligation imposed upon said state as authorized by
Object Description
Description
| Title | Page 1775 |
| Full Text | 1949 — Resolutions 1719 board such funds as may be required for the establishment, The Regional acquisition, operation and maintenance of such regional educa-tional institutions as may be authorized by the states under the terms of this compact, the contribution of each state at all times to be in the proportion that its population bears to the total combined population of the states who are parties hereto as shown from time to time by the most recent official published report of the Bureau of the Census of the United States of America ; or upon such other basis as may be agreed upon. This compact shall not take effect or be binding upon any state unless and until it shall be approved by proper legislative action of as many as six or more of the states whose governors have subscribed hereto within a period of eighteen months from the date hereof. When and if six or more states shall have given legislative approval to this compact within said eighteen months period, it shall be and become binding upon such six or more states sixty days after the date of legislative approval by the sixth state and the governors of such six or more states shall forthwith name the members of the board from their states as hereinabove set out, and the board shall then meet on call of the governor of any state approving this compact, at which time the board shall elect officers, adopt bylaws, appoint com-mittees and otherwise fully organize. Other states whose names are subscribed hereto shall thereafter become parties hereto upon approval of this compact by legislative action within two years from the date hereof, upon such conditions as may be agreed upon at the time. Provided, however, that with respect to any state whose constitution may require amendment in order to permit legislative approval of the compact, such state or states shall become parties hereto upon approval of this compact by legislative action within seven years from the date hereof, upon such conditions as may be agreed upon at the time. After becoming effective this compact shall thereafter continue without limitation of time; provided, however, that it may be terminated at any time by unanimous action of the states and provided further that any state may withdraw from this com-pact if such withdrawal is approved by its legislature, such withdrawal to become effective two years after written notice thereof to the board accompanied by a certified copy of the requisite legislative action, but such withdrawal shall not re-lieve the withdrawing state from its obligations hereunder ac-cruing up to the effective date of such withdrawal. Any state so withdrawing shall ipso facto cease to have any claim to or ownership of any of the property held or vested in the board or to any of the funds of the board held under the terms of this compact. If any state shall at any time become in default in the per-formance of any of its obligations assumed herein or with re-spect to any obligation imposed upon said state as authorized by |
