E. F. Fox Aviation Scholarship

The purpose of acquiring aircraft to be used in the University of North Dakota aviation training program. These aircraft are to be utilized in the training of student pilots and the regular fee for this training shall be charged to the students.The fees from the operation of these aircraft shall be set aside to meet first the operating costs. secondly, a funded reserve for the replacement of the aircraft, and the balance after these two items have been met shall be placed in a fund for aviation fee scholarships.