§ 459. Exemption of University’s property from executions, liens or taxes
(a) All property of the University, including funds, shall be exempt from judicial process of every kind, including, without limitation, attachment, levy, execution and sale by virtue of an execution, and no judgment shall be a lien or charge upon its property or funds; provided, that the provisions of this subsection shall not apply to […]
§ 460. Issuance of bonds; terms and conditions generally
(a) The University of the Virgin Islands shall have the power to issue bonds from time to time in its discretion, for any of its corporate purposes or projects including, without limiting the generality of the foregoing, the undertaking of projects aided by the Community Facilities Administration of the Housing and Home Finance Agency or […]
§ 461. Maturity of bonds; interests; sales; validity; actions involving bonds
(a) Bonds of the University shall be authorized by resolutions of its Board of Trustees; may be issued in one or more series and shall be offered, awarded and executed in such manner, bear such date or dates, mature at such time or times, bear interest at such rate or rates not exceeding ten per […]
§ 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 […]
§ 451. Establishment of University; objectives; nondiscrimination
There is hereby established in the Island of St. Thomas, Virgin Islands, as an instrumentality of the Government of the United States Virgin Islands an institution to be known as “The University of the Virgin Islands” the cardinal objectives of which shall be the stimulation and utilization of the intellectual resources of the people of […]