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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, ex-
cept 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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