In this оriginal proceeding petitioner seeks to enjoin the Board of Regents, Claremore Junior College, from selling and conveying certain real property to the Trustees of thе Claremore Junior College Authority, a public trust. The Board of Regents offered to sell the rеal property to the highest bidder at a public sale, reserving the right to reject any and all bids. The Authority submitted the highest bid.
Petitioner challenges the validity of the sale and conveyancе solely on the ground that 70 O.S.Supp.1973, § 4001(d) forbids the creation of additional public trusts to finance thе purchase of land or facilities or the construction of facilities at institu
' 70 O.S.Supp. 1973, § 4001(d), provides:
“(d) It is the intent of the Legislature that no additional public trusts be created to finance thе purchase of land or facilities or the construction of facilities at institutions of higher lеarning or their agencies and that no beneficial interest in a public trust be accepted on behalf of the State of Oklahoma or any agency thereof involving an institution of higher learning; * *
The above provision is part of an amendatory act, effective April 25, 1973, оf
The Authority was allegedly created pursuant to
The Declaration of Trust contains this proviso:
“In consideration of the educational, cultural and economic bеnefit incurring to the Beneficiary and its inhabitants by reason of the existence and maintenance of Claremore Junior College within the corporate limits of the Beneficiary, all distributions allocable to the Beneficiary shall be paid to Claremore Junior College.”
The acceptance of the beneficial interest in the trust was made by the Board of County Commissioners of Rogers County. The record does not disclose any acceptance of any interest in the trust on behalf of or for Claremore Junior College as prescribеd by
An examination of § 4001(d) discloses that it relates only to the creation of additional publiс trusts pursuant to
Inj the case at bar no facilities will bе constructed at Claremore Junior College becaiise the College, by sale, proposes to divest itself of all right, title and interest in the real property involved, exceрt an undivided one-half interest in the minerals. Rogers County is the Beneficiary of the proposed trust and not Claremore Junior College and there has been no acceptancе of any beneficial interest on behalf of Claremore Junior College as prescribеd by law.
If public trusts could be used as a vehicle to finance the construction of facilitiеs at institutions of higher learning, no public trust has been created, pursuant to
We hаve considered and determined only one issue in this proceeding and that is petitioner has placed in issue an abstract or hypothetical question and this Court will not assume original jurisdiction to determine such question.
Application to assume original jurisdiction denied.
