Repository: UIHistories Project: Board of Trustees Minutes - 1886 [PAGE 36]

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28 Dr. Peab^dy read the following report from Committee on Sale of Nebraska Lands:

To the Board of Trustees of the Illinois Industrial University: . GENTLEMEN—Your committee u p o n t h e sale of t h e N e b r a s k a l a n d s r e p o r t s as follows : The sales since y o u r last m e e t i n g h a v e b e e n : No. Name. Tract. Price. Cash.

$500 00 31 J o h n H . H a n s o n N.E. 35 5 8 $2,000 00 Total sales 65,061 36 16,265 34 [Proposals have b e e n accepted a n d c o n t r a c t s are d r a w n for— 514 50 N.E. 5 2 8 2,054 00 321 P a t r i c k C. O'Brien 560 00 2,244 00 500 00 S.E. 35 5 8 2,000 00 34 J o s e p h Swoboda and H. J o h n Swoboda W h e n these sales are completed t h e total sales will be $71,359.36. Inquiries are m o r e a b u n d a n t a n d m o r e sales m a y b e m a d e soon. One p u r c h a s e r h a s completed his p u r c h a s e in a c c o r d a n c e with t h e t e r m s of his c o n tract, and is entitled to his deed. This fact h a s led y o u r c o m m i t t e e to a s k y o u r f u r t h e r a t t e n t i o n to t h e c h a r a c t e r of the deeds which should be given to t h e p u r c h a s e r s of t h e s e lands, due consideration being h a d both to t h e r i g h t s of t h e b u y e r s a n d to t h e influence w h i c h t h e deed will have u p o n t h e sales hereafter to be m a d e . Your committee respectf ully r e c o m m e n d s the p a s s a g e of a resolution substantially as follows, a n d t h a t t h e resolut ion be i n c o r p o r a t e d in t h e d e e d : Resolved, T h a t t h e P r e s i d e n t of t h e B o a r d of T r u s t e e s of t h e Illinois I n d u s t r i a l U n i v e r s i t y b e a n d h e r e b y is a u t h o r i z e d a n d directed to e x e c u t e / i n the n a m e a n d u n d e r t h e seal of t h e said Board, deeds in fee simple of l a n d s belonging to said University in Gage c o u n t y , N e b r a s k a , to p u r c h a s e r s w h o have paid t h e full p u r c h a s e price thereof, said deeds to be c o u n t e r s i g n e d by t h e Recording Secretary of said Board of T r u s t e e s . Your committee further r e c o m m e n d s t h a t deeds be p r e p a r e d substantially in a c c o r d a n c with a form herewith presented. Your committee p r e s e n t s t h e a c c o u n t of B u r n h a m , Trevett & Mattis, of Beatrice, N e b r a s k a , a m o u n t i n g to $130 08, for service to t h e c o m m i t t e e d u r i n g t h e year e n d i n g D e c . 31. 1884, and ask t h a t it m a y be audited a n d paid, after m a k i n g d u e - a c c o u n t of s u m s a l r e a d y a u t h o r i z e d by you to be paid to the s a m e firm on c u r r e n t account d u r i n g t h e year. Respectfully submitted, S. H. PEABODY. for Committee.

The report was received and referred to the Executive Committee and the Regent for report at this meeting. Adjourned.

EVENING SESSION.

The Board met afc 8 o'clock P. M. Present: Trustees Cobb, McLean, Millard, Pearman, and Paden. The resignation of Dr. F . ' W . Prentice. Professor of Veterinary Science, was .received and placed on file. The committee to whom was referred the request .of Janitor A. B. Baker, asked for further time to report, which was granted.