1858-02-01_TrusteesAnnualReport Draft-p9_1831_026_039_001

of three thousand five hundred and ten dollars has
been paid ^{by the treasurer}to the Mass. Hospital Life Insurance Co,
in pursuance of a vote of the Trustees by which it is
required that one fifth part of the gross proceeds of
sales of land, shall be annually deposited with said
company, until the whole sum thus deposited, together
with its accumulations^{of interest} shall amount to one hundred
and fifty thousand dollars. The farther to insure the
stability of this investment, the Trustees have caused
to be inserted in every new deed of conveyance a
covenant binding the Corporation to the preservation and
increase of this permanent fund, so that no future
board of Trustees will have the poer to misapply or
todivert any part of it from its legitimate destination.
?

By the Treasurers report it will be
seen that the receipts of the last year have^considerably exceeded
those of the previous year, while the expenditures
have been showing that the Trustees have thus
far been able to keep up the same prudent policy
which has heretofore governed their movemets.

For the Trustees
Jacob Bigelow
President
Boston Feb. 1. 1858.
[written along lower left margin:]
Trustees Report-
Feby. 1. 1858