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development of this campus of the University, and this desire has been made
known to her. The offer that Miss Cone is considering is for appointment as a
Vice Chancellor of the University at Charlotte and professorship in mathematics
at an annual salary of $18,000. We believe that this appointment affords an
effective means of retaining Miss Cone's demonstrated capacities in the service
of the University.

"Miss Cone has stated that she wishes Dr. Colvard to have the opportunity
to shape his own administrative staff. She and Dr. Colvard have had several
discussions and Miss Cone has agreed to continue as Acting Chancellor until
Dr. Colvard takes up his duties at Charlotte on a full-time basis within the near
future. Dr. Colvard has also asked Miss Cone to assist him in the transition
period once he is in residence and she has graciously agreed to do this.

"Mr. Chairman, I should like to ask Miss Cone to stand because I know
everybody here wishes to express our appreciation to her. "

Miss Cone received a standing ovation.

Dr. and Mrs. Colvard were escorted to the Hall and were presented to
the Governor and the Board by President Friday. They were warmly received.

Dr. Colvard then made the following statement:

"Governor Moore, members of the Board, President Friday, Miss Cone,
my fellow educators who are here:

"I am sure that this is not the hour for a lengthy statement from a new
chancellor, or perhaps anyone else, but I would like to take this opportunity
if I may to express my deep gratitude to you for inviting us to North Carolina - back to North Carolina - in what we consider a most important educational
assignment.

"As we have viewed the University of North Carolina at Charlotte we
see an emerging institution; emerging on the basis of a foundation which has
been very skillfully and diligently wrought by Miss Cone and her associates;
emerging in a frame work which has been built by the study and careful thought
of the trustees and the action of the Legislature. We see it emerging in an
area of our state which is dynamic and going, and we see it emerging in an
educational setting which is demanding more from higher education year
after year, and certainly in a pattern of university education which can give
assistance to a fledging institution.