MINUTES OF THE. BOARD OF TRUSTEES,June 6, 1900 - page 11



      The Board of Trustees met, pursuant to adjournment,
in the President's room, in the college building, at 11
A. M. June 6, 1900.
      Present: His Excellency Governor J. C. Beckham,Chairman,
                                                      Ex-of ficio

                              Messrs.  Hart Boswell,
                                        D. F. Frazee
                                        J. F. Hager
                                        W. H. Holt
                                        J. B. Kennedy,
                                        R. W. Nelson
                                        Jame s K. Patterson,
                                        Thomas Todd,


      On motion the reading of the minutes for June 5th
was omitted.


      The Business Agent submitted his report showing that
the College Treasury was not in condition to pay all outstanding
bills and other obligations on account of complications at the
State Capitol.


      Mr. Nelson offered the following:

      " Whereas, owing to the contests for union State
offices still pending in Frankfort, there is now and may for
some time to come be difficulty in obtaining from the State
the moneys now due from the State accruing from the tax for
the college and the interest on the College bonds, and


      Whereas, the credit of the college as well as the
necessities of its creditors require that the Board of
Trustees make arrangements for discharging its obligations,
therefore,

      Resolved - That D. F. Frazee, chairman of the
Executive Committee and Major R. S. Bullock, Treasurer of
the College be and they are hereby authorized and directed
to borrow money, in installments as needed, to the extent of
sixteen thousand dollars ($16000) for and on behalf of the
Agricultural and Mechanical College of Kentucky and to
execute notes therefor, obligating the college for
the payment of same.