Show OIL ROYALTIES ENRICH 1 UNIVERSITY OF TEXAS AUSTIN Tex Discover AP-Discover of oil il on oil lands owned by the Uni University of Texas has made it one pf of the wealthiest schools J Approximately in roy roy- altie already has been colle caIl from producing wells telIs In western Texas It i is estimated the sum eventually will reach Several new buildings now under construction on the Austin campus will be paid for by income from froIn royalties They are replacing shacks built when the university was is-as not so o prosperous Under state constitution tile tho university cannot spend any of the principal which must bo be retained as a per pera permanent manent fund Income from th principal however provides th the school with considerable change |