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Caption: Board of Trustees Minutes - 1868
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34 Mr. BURCHARD, Chairman of Committee on Prof. Powell's letter, asked time (until morning) to report. Which was granted. The Committee on By-Laws, reported, in part, through its chairman, Mr. Mahan, and asked further time. Which was given. R E P O R T OF F I N A N C E COMMITTEE. Mr. COBB, of Finance Committee, further reported, as follows: The committee, believing that the titles to the lands offered by Champaign county are substantially perlect, are prepared to recommend the acceptance of such titles : Provided, said county or its citizens shall execute to the University a bond in the sum of $25,000, conditioned that no latent defect shall affect said titles. Signed by the committee. Mr. A. M. BROWN moved the adoption of the report. Mr. JOHNSON moved to amend by referring the report back to the committee. Mr. HAYES moved to amend by recommitting the report, with instructions to the committee to ascertain and report, as early as convenient, the utmost amount of damage that might accrue from the defects in the titles referred to; and that they procure and present to this Board a bond sufficient to indemnify the Board against loss irom such defects of titles. Amendments accepted and report referred back to the committee. On motion of Mr. SCROGGS, the Board adjourned until nine o'clock to-morrow morning. CHAMPAIGN, MAY 8TH—9 O'CLOCK, A. M. Board of Trustees met, according to adjournment. presiding. Session opened with prayer by Mr. Rea, according to the form of the Protestant Episcopal Church. Present: Messrs. Allen, A. M. Brown, Burchard, Burroughs, Cobb, Dunlap, Edwards, G-alusha, Goltra, Hayes, Hungate, Johnson, Lawrence, Miihan, Me Murray, Pickrell, Pullen, Quick, Scroggs, Topping, Van Osdel, the Regent—22 members. The minutes were read, but action thereon deferred. Mr. LAWRENCE took the oath of office, which was administered by Hon. A, M. Brown. REGENT
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