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Caption: Board of Trustees Minutes - 1926
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492 board o f t r u s t e e s [December 28 In view of the above facts and opinions I concluded on the advice of our Counsel that the interests of the University would be best served by agreeing to accept Mr. Hessel's price of $127,000; I therefore informed our Counsel that I would so recommend to you. In accordance with this statement, they drew up the contract referred to above which I signed subject to your approval. I, therefore, recommend: 1. That you approve m y action in signing this contract in accordance with the provision that it is subject to the approval of the Board. 2. That the Board purchase this Hessel land at the price named, $127,000, on the conditions stated as to time, title, et cetera, named in the contract. 3. That the sum of $127,000 be appropriated from the Reserve and Contingent Fund for the purchase of this Hesse! tract of land.
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