§ 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 […]
§ 467. Cooperation by Government
(a) For the purpose of aiding and cooperating in the planning, undertaking, carrying out, developing, constructing and operating of projects, and of enabling the University to qualify for participation in Federal programs in its authorized fields of activity, the Government of the Virgin Islands, any political subdivision thereof, or any public agency or public body […]
§ 468. Power to render assistance by taxes, appropriations, borrowings, bonds, etc.
Subject to the provisions of section 8(b) of the Revised Organic Act of the Virgin Islands, approved July 22, 1954, the Government of the United States Virgin Islands may levy taxes, appropriate funds, incur indebtedness and issue bonds for the purposes of procuring funds to be loaned, appropriated, contributed, or granted, to the University for […]
§ 469. Interest of trustees and others in projects; duty to disclose; violation
During his tenure and for one year thereafter, no trustee, officer or employee of the University shall voluntarily acquire any personal interest, direct or indirect, in any project or in any property included or planned to be included in any project, or in any contract or proposed contract relating to any project. If any such […]
§ 470. Morris F. de Castro Chair in Government
(a) The Legislature hereby finds and declares that in order to enhance the reputation for academic excellence and intellectual vitality of the University of the Virgin Islands, such institution must be able to attract distinguished and renowned scholars. In implementation of this purpose and to afford lasting tribute to the extraordinary dedication and devotion of […]
§ 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 […]