Caption: Board of Trustees Minutes - 1868
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37 SALE OF SCRIP ORDERED. Mr. A. M. BROWN offered the following resolutions : Resolved, That true policy requires that the land scrip under the control of this Board, or the greater part of it, should be sold at as early a day as practicable, and the proceeds thereof invested in interest-bearing securities ; therefore, Resolved, That the Treasurer be authorized and directed to sell not less than one hundred and eighty thousand (180,000) acres, and not more than three hundred thousand (300,000) acres, of the said scrip, for the best possible price: Provided, That he shall sell no part thereof at a less price than fifty-four cents per acre : And provided, also, That he shall make no sale without the advice and consent of a majority of the Finance Committee. Mr. QUICK offered the following as a substitute for Mr. resolutions: BROWN'S Resolved, That the Treasurer be instructed to sell, with the advice and consent o the Kegent and Finance Committee, scrip to the amount of one hundred and eighty thousand; (180,000) acres of land, on the best possible terms, and at the earliest period practicable. , The substitute was adopted. LOCATION OF LANDS AUTHORIZED. Mr. EDWARDS moved the passage of the following resolution: Resolved, That the Regent, Treasurer and Finance Committee be instructed to take immediate steps to acertain the practicability of obtaining timber lands easily accessible by water communication, and that if, in their judgment, a judic ; ous location of such lands can be made, they be authorized to do so to the extent of one hundred thousand acres. Mr. GALUSHA moved to amend by striking out the words "easily accessible by water communication." Mr. MAHAN moved further to amend by substituting the word " desirable " for the word " timber." Amendments both adopted, and the resolution passed. ADDITIONS TO FINANCE COMMITTEE. On motion of Mr. COBB, Messrs. Brayman and Gregory were added to the Fnance Committee. REPORT OF COMMITTEE ON BUILDINGS AND GROUNDS. Mr. GOLTRA, Chairman of Committee on Buildings and Grounds, reported as follows: Your Committee on Buildings and Grounds would respectfully report: That a principal front entrance should be constructed to the college building, with suitable stone steps and portico to such front entrance. Also, that a central
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