Section 2. Trustees empowered to borrow money
The board of trustees of the Agricultural College of Pennsylvania be and they are hereby authorized to borrow a sum of money, not exceeding eighty thousand dollars, at a rate of interest, not exceeding seven per cent; and taxes, with which to pay and consolidate all the debts of the institution, and to secure the same, by a mortgage upon the property thereof. 1866, April 11, P.L. 100, Sec. 2.