356



sale o f
real estai
rocommende




Subs t i tu to
liopted co
corning sr,
of real es




lioli shi ng
lIoo Re ge ncy



ioting of
BMland res
l6nce &c.

kile of Sto
lwaiing Imp
hints &c.



               Kentucky University, Lexifgton, Ky. Dec. 28, 1876





         Committee all officers of the University are hereby ordered
         to give free access to all books & papers in their possession.
              The said Committee are directed to confer with such Donors
        or Committees of ionors as may request conference. They will
        also confer with the Executive Committee and if they think
        proper with the Board of Visitors of the State_ They will report
        fully at the next meeting of this Board and to this Committee is
        refered the communication of Evon T. Warner, W. L. McChessney
   /357/& J. W. Patterson a Committee of Donors with direction to confer
        with them and furnish them access to the books & accounts of
        the University -

              The Committee is given power to employ such accountants as
        they may deem necessary and the Treasurer is directed to pay
        such accountants upon the written order of this Committee. The
        following Curators were appointed as the Committee -
             Andxrew Steele Chairman
             D. L. Goodloe
             R. E. Sloan
             Jno Aug. Williams
             W. L. Williams.

te           The first recommendation of the Committee on finance was
I&      taken up and read as follows - Recommend that so much of the
        Ashland and Woodlands estates as are not indispensible to carry-
        ing out our contract with the state of Kentucky be sold and the
        proceeds applied to this purposest
             Curator Kinnaird offered as a substitute the following which
an_     on motion was adopted.   Resolved that the Executive Committee be
.1a     and are hereby ordered to sell so much of Ashland or Woodlands
state   or both as may be necessary to pay the debt due to the EXdowment
        fund and in making such sale the L'ommittee may sell in parcels
        of such amounts as in its judgement may be best.
             The Committee is further ordered to take such legal steps
        as may be necessary to vest a perfect title in the purchase -
        2y. Recommendation refering to abolishing of the Re-ency was on
        motion of Curator Kinnaird refored to the Committee of five (5).
/358/   3. Recommendation as to uniting the Ashland residence and houses
        adjacent was on motion of Curator Smith laid on the table.
i-     4th Recommendation which is as follows Viz   We further recommend
        that all the stock crop, farming implements and all the loose
        personal property on the farm except so much as may be necessary
ck,     to cultivate that portion of the farm reserved for the purpose
le-     of giving employment to State Students be sold as soon as pos-
        sible and the proceeds of the sales be applied to the payment of
        the salaries of the Professors of the current Academic year as