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 prescribe, an account of which shall be kept by said dean and paid over monthly to the treasurer of said school of mines, which shall become a part of the school of mines fund.

§ 398. The school of mines fund shall be used solely for the support of the school of mines, and for no other purpose whatever.

§ 399. Said board of trustees shall have power to appoint a dean and such other instructors and officers as may be required, and fix the salaries of each and prescribe their several duties. They shall also have the power to remove said dean and any or all of said instructors or officers, and appoint others in their stead. They shall prescribe the books of instruction to be used in said school of mines, and shall make all needful rules, regulations, and by laws necessary for the good government and management of the same.

§ 400. For performing the duties prescribed by this act each member of the said board of trustees shall be entitled to three dollars per day for the days actually and necessarily employed, and five cents for each mile necessarily traveled in attending meetings of said board.

§ 401. The board of trustees shall hold two regular meetings in each year, on the first Tuesday of June and December, and special meetings of the board may be called upon the written order of the president, which order shall specify the object of the meeting. All financial matters, claims and accounts shall be disposed of at such board meetings. A true and faithful journal of all their proceedings shall be kept, subject at any reasonable time to the inspection of any member of the board.

§ 402. It shall be the duty of the board of trustees, directors or regents, to cause to be insured in such insurance company or companies as may be approved by the governor, for the benefit of the territory of Dakota, the public buildings and contents, or institutions under their control or charge, respectively, for an amount not to exceed two-thirds their value, and for that purpose they are hereby authorized to expend such a sum as may be necessary, and upon presenting vouchers therefor to the auditor of the territory of Dakota, it shall be his duty to draw a warrant upon the treasurer of Dakota in payment of the sum or amount so expended.

§ 403. It shall be the duty of the governor of the territory of Dakota to cause to be insured all other public buildings and contents belonging to the territory of Dakota, for the benefit of the territory of Dakota, at not to exceed two-thirds their value and for that purpose the auditor shall draw his warrant upon the treasurer in payment of the premiums for such insurance.

§ 404. In the event of a loss occurring under any policy upon any public building insured under the provision of this act, the money received from the insurance shall be used and expended by the governor, board of directors, trustees or regents, in the erection or repair of the building upon the site of the one injured or destroyed, and such building shall be occupied and used for the same purposes as the one damaged or destroyed. Policies under this act shall run in the name of the territory of Dakota and shall be for a term of three years.