Wake Forest College Board of Trustees Minutes: 1871-1891

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Wake Forest College. June 20. 1871.

Board of Trustees of W. F. College met. Members present: Brooks, Walters, Gaultney, Pritchard, Avera, Jordan, Vann, Blount, Foote, Heck, Vass, and Mills. W.B. Royall was elected permanent Secretary of the Board. W.T. Walters, J.S. Purify & W.H. Avera appointed a Committee on names to fill vacancies - T.H. Pritchard, J.H. Mills & J.H. Foote appointed Committee on the agency, to report at this session - Committee on Law Department and investment of a portion of the endowment in real estate, not being prepared to report, was discharged. The seats of the following members are declared vacant: J.L. Carroll, W.J. Palmer, A.J. Emerson, G.W. Sanderlin, Calvin Graves, R.M. Mc Rackan, C. Wooten & J.A. Graham. From the list presented by Nominating Com. the following names are selected to fill the vacancies: M. Lankford, C.M. Cooke, Wm. Turner, Wm. Royall, C.C. Clark, C.J. Nelson, J.L. Stewart & R.D. Graham.

President Wingate read his report. Part relating to change in the Course of Study and Degrees referred to committee consisting of J.H. Mills, W.T. Walters, J.H. Foote.

( Col. Heck desired to be releived from the Committee to manage the invested funds of the College and moved that Maj. Vass be put in his place. Maj. Vass was added to the Com. though Col Heck was not releived. ) -

The following resolution was adopted.

Resolved that the Committee appointed to manage the invested funds of the College are authorized to sell the whole or any part of the stock owned by the College in the R & G R. R. if in the judgement of a majority of them it is advisable, and invest the proceeds in bonds paying not less then 8 per cent per annum, payable semi-annually and secured by first Mortgage on Real Estate.

The recommendations of the Presidents report are adopted, except part referred to Committee. The following is a summary:

The honorary degree of D.D. confirmed upon Rev. W.T. Walters; that of LL.D upon Hon. Thomas Bragg.

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The degree of B.Ph. conferred upon H.A. Brown of Rockingham Co. N.C, Columbus Durham of Shelby, N.C, M.N. Sykes of Norfolk Co. Va, & W.D. Frantham of Kershaw Co. S.C.

The honorary title of A.M. abolished.

Treasurer read his report which was adopted. The following is a synopsis:

Collected $3707.00 Expended 3673.62 Balance in hand $33.38

On motion Thos J. Crocker is released from the payment of his bonds of $50 to the College.

On motion F.M. Purefoy is allowed to commute his bond by giving his note for $125.

Resolutions offered by W.H. Avera in reference to increase of patronage referred to a Committee consisting of G.W. Blount, J.S. Purefoy & J.H. Foote.

Adjourned.

Wednesday 21.

Present: Brooks, W.H. Mitchell, Gaultney, Walters, Pritchard, Marsh, Avera, Blount, Turner, Foote, Thompson, Jordan, Vann, Heck, Royall, Mills, & Hufham.

On motion, names of Trustees are ordered to be arranged for the Catalogue according to priority of appointment as far as possible.

The committee on W.H. Avera's resolutions report unfavorably to their adoption. Report adopted and on motion a Committee consisting of R.H. Marsh, W.R. Gaultney & W.H. Avera appointed to suggest some plan by which the patronage of the College may be improved.

The Bursar's report is adopted. The following is a synopsis:

Receipts $6592.62 Disbursements 6551.85 Cash in hand $40.77

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