§ 476. Valedictorian and Salutatorian Scholarships to the University of the Virgin Islands
(a) There are hereby established the Virgin Islands Valedictorian and Salutatorian Scholarships to the University of the Virgin Islands, in addition to the scholarship established in chapter 15, section 190u of this title. (b) Each student graduating from a secondary high school or the Adult Continuing Education Program as Valedictorian or Salutatorian shall automatically be […]
§ 462. Powers of University with respect to bonds or obligations
In connection with the issuance of bonds or the incurring of obligations, and in order to secure payment of such bonds or obligations, the University, in addition to its other powers, may— (1) pledge all or any part of its gross or net rents, fees or revenues, to which its right then exists or may […]
§ 463. Rights of obligee
An obligee of the University, in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon him, may by a civil action— (1) compel the University and the Trustees, officers, agents or employees thereof to perform each and every term, provision and covenant contained in […]
§ 464. Conferment of additional rights upon obligee; receiver
The University by its resolution, or by declaration of trust, trust indenture, mortgage, lease, or other contract may confer upon any obligee holding or representing a specified amount in bonds, the right (in addition to all rights that may otherwise be conferred), upon the happening of an event of default as defined in such resolution […]
§ 465. Investment of public or private funds in bonds or other obligations
Notwithstanding any restrictions on investments contained in any laws of the Virgin Islands, any political subdivision thereof, all public officers and other public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking or investment business, and all […]
§ 466. Provisions permitted in contracts with Federal Government
In any contract with the Federal Government for financial assistance to the University, the University may obligate itself (which obligation shall be specifically enforceable and shall not constitute a mortgage, notwithstanding any other laws) to convey the project or part thereof in the event of a substantial default (as defined in such contract) with respect […]
§ 452. Location of University; branches
The location of the University and its principal place of business shall be in the island of St. Thomas but it may have such other offices and places of business in such other locations as the Board of Trustees may decide from time to time.
§ 453. Board of Trustees as body politic; powers and functions generally
(a) For the purposes of exercising general management and control of the affairs of the University, the Board of Trustees, upon their appointment or qualification as hereinafter provided in section 455 of this title, and their successors, shall be and are hereby constituted a body politic and corporate in the name and style “The University […]
§ 454. Specific powers and duties of University
In furtherance of its objectives, the University shall have the following purposes, objects and powers: (a) to have perpetual succession; to sue and to be sued; to enter into contracts; to contract debts; to adopt and use a common seal and to alter the same at will; (b) to provide instruction, conduct research and disseminate […]
§ 455. Composition of Board, appointment, election and term of members
The Board of Trustees shall consist of seventeen members, as follows: (1) The Chairman of the Board of Education of the Virgin Islands, the Commissioner of Education and the President of the University shall be members ex officio. (2) The Governor shall appoint, by and with the advice and consent of the Legislature, nine other […]