Section 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the secretary of the commonwealth, auditor general and state treasurer, for the time being, shall be commissioners, who are hereby authorized to receive the revenues appropriated by this act, or which may hereafter be appropriated for the same object, and to purchase therewith the debt of the state of Pennsylvania, at its market price, if not exceeding the par value thereof, to the full extent of the said revenues, and to hold and apply the same, and the interest thereon accruing, firmly and inviolably on the trusts and for the purposes hereinafter specified.