Minutes Of The Board Of Trustees



Liabilities and Assets Estimated

          General Fund



1. Liabilities



Overdraft at bank, General Fund,
    July 1, 1920......................



$104,0 *00    $104,000.00



2. Capital Indebtedness



George Peabody Fund .......
McLaughlin Note ..........
Mulligan Mortgage.........



35,000.00
4, 500.00
10,000,00



   49,500.00
$ 153,500.00



3, Assets



Insurance advanced ...................
Accounts receiveble ...................
Stores on hand........................
Land under purchase
     Mulligan ......................
     McLaughlin .......................
     Scherffius lot .................
     Patterson lot ...................
     Embry lot.......................
United States Bonds, Fourth Libertv
     Loan (Peabody)...................



25,000 00
3,000.00
3,000.00

20,000.00
4, 500.00
2, 577.00
1, 532.25
   737.00

40,000.00   $100,346.25



Net indebtedness.................                $5



-61-



June 1, 1920



............
............
............



$ 53 ,153 .75