desired to borrow money for the purpose of paying cash for

such street improvement.

       Thereupon the President of this University was au-

thorized to borrow the amounrt of the street improvement tax

for ten years, one tenth .(I/lu) of which sum should be repaid

each year, interest on it all to be paid annually or semian-

nually, as the President may determine upon and to use said

bonds if the arrangement could be made as collateral on said

loan, the said loan to be repaid one tenth (1/10) each year

out of the General Fund of the University, and the note or

notes shall be signed by C. B. Nichols, Chairman of the Exeo.

utive Committee, and W. T. Lafferty, Business Agent of the

University, and the corporate seal of the University shall be

affixed to same.   Upon the roll being called, the votes

were as follows: lMr. Nichols, "Aye"; hir. Davies, "Aye"; Mr.

Terrell., "Aye"; Mr. Stoll not voting or taking part in

this matter at all.

       Upon Motion the meeting then adjourned.