Michigan Compiled Laws, Chapter 390. Universities and Colleges § 390.112

Sec. 12. The state board of agriculture shall have authority to sell and dispose of any portion of the swamp lands mentioned in the preceding section of this act,  1 and use the same or the proceeds thereof for the purpose of draining, fencing or in any manner improving other portions of said land, or for the promotion of the purposes of the Michigan agricultural college. The terms and conditions of the sale of the portions of the above described lands thus disposed of, shall be prescribed by the state board of agriculture, and the deeds of the same, executed and acknowledged in their official capacity by the chairman and secretary of the state board of agriculture, shall be good and valid by law.