University of Vermont & State Agricultural College v. Ward, 158 A. 778 (1932)

Citation: University of Vermont & State Agricultural College v. Ward, 158 A. 778 (1932)
Parent Document: University of Vermont & State Agricultural College v. Ward, 158 A. 778 (1932)
Jurisdiction: Vermont (state)
Effective Date: 1932-02-04
Original Source: https://www.courtlistener.com/opinion/4215928/university-of-vermont-state-agr... ↗

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for all future time, was iu legal effect an attempted conveyance of the fee’ and, as a conveyance of such public land, it was void. It was also held that the statute authorizing the trustees “to hold and lease” the school’s lands for its benefit contemplated that the lands should be so leased as to result in a yearly income therefrom for use in support of the school; that a lease of su.ch lands should reserve a rent payable annually, with the right of reentry for nonpayment of the same; and that it is essential to a lease that there be a reservation of a reversion in the grantor, because, where the grantor parts with his whole estate, the instrument is not a lease, but an assignment. In Capen’s Admr. v. Sheldon,

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