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Caption: Board of Trustees Minutes - 1900
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98 UNIVERSITY OF I L L I N O I S . SCHOOL OF PHARMACY. [June. 13, lo the Board of Trustees. I transmit communications from the School of Pharmacy, and advise the approval of the recommendations of the Advisory Board to the effect that the course be lengthened to thirty weeks, and that Mr. W. B. Day be given a position upon the Faculty with the title of professor of histological botany, upon the understanding that these changes involve no additional expense. Respectfully submitted, A. S. DRAPER, President, T h e recornmendations of t h i s p a p e r were a d o p t e d . EDWARD SNYDER FUND. lo the Board of Trustees. Your committee, heretofore appointed to consider a plan for the administration of the fund proposed to be given to the University by Professor Edward Snyder, respectfully reports: 1. We have received from Professor Snyder a document in the following words, executed in duplicate by himself and Mrs. Snyder: DEED OF GIFT. This Indenture: Made and entered into this 25th day of April, 1899, by and between Edward Snyder, of the city of San Diego, in the State of California, party of the first part (his wife, Mary S. Snyder, in consideration of the premises hereinafter contained, assenting thereto), and the Board of Trustees of the University of Illinois, of the State of Illinois, of the second part, Witnesseth, that the said first party, in consideration of the covenants and agreements hereinafter contained and of the sum of one dollar to him paid, doth covenant and promise that he, his executors and administrators, will convey, give, and deliver to the treasurer of the second party, for the custody and control of the said second party, within the period of ten years next ensuing, the full and complete sum of twelve thousand dollars ($12,000.00), in cash or acceptable securities, to be paid in sums of one thousand dollars ($1,000.00), or greater, each year thereof, to be used by said second party in establishment of a department in said University to be forever known as the 44 Edward Snyder Department of Students' Aid," the purpose of which shall be to aid in the maintenance and education of deserving and meritorous students of said University, the said first party reserving to himself, and to his wife, the said Mary S. Snyder, during his or her natural life, or the survivor of them, the payment from the second party of an annual interest of 5 per cent, per annum upon said payments upon the principal sum when fully paid in, such payments of interest to be terminated when the said first party and his said wife shall have deceased. And the said second party, in pursuance of its resolution taken and entered of record at its March meeting, 1899, and by authority of law, hereby covenants and agrees to and with the first party, to receive by its Treasurer, from him, the said first party, the said sum of twelve thousand dollars ($12,000.00), in manner and form and in amounts above named; and it further agrees that it will establish within said University a department to be known as the *'Edward Snyder Department of Students' Aid," the purpose of which department shall be to aid deserving students, members of said University; that said sum of money and each part thereof as paid to the hands of its Treasurer, shall be attached to said department and remain a.perpetual fund, not to be diverted nor diminished, but shall be loaned from time to time in suitable sums to deserving students who are in good standing as members of
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