07-12-1879

Volume OA - Pages 130-132



                        Carson City

                       July 12, 1879



The Board of Regents met at the call of the President.  Present:

T. W. Stone, President, and W. W. Bishop.



Minutes of the preceding meetings were read and approved.



The Board being called to meet at the Capitol for the purpose of

investing the money now in the State Treasury to the Credit of

the State University, in such securities as directed by law,

the following resolution was passed:



    RESOLVED, that the State Treasurer, L. L. Crockett, is hereby

    directed and authorized to invest Thirty Thousand Dollars in

    U. S. 4% Bonds at the most advantageous terms possible and

    place the same to the credit of the State University Fund.



    RESOLVED, that J. F. Hallock, State Controller, be and is

    hereby authorized and directed to draw his warrants in favor

    of L. L. Crockett, State Treasurer on,



        The University Fund 90,000 Acre Grant for $12,000.

        The State University Fund for $18,000.



    Making the total amount of $30,000 to be invested in U. S.

    4% Bonds for the benefit of the State University.



The amounts in these two funds as reported by the State Treasurer

at this date were:



    The University Fund 90,000 Acre Grant    $13,856.21

    The State University Fund                 19,919.62

                                             ----------

                                   Total     $33,775.83



State Treasurer, L. L. Crockett, reported to the Board that the

amount had been invested at 2 1/4 percent premium.



The Board then passed the following resolution:



    RESOLVED, that J. F. Hallock, State Controller, be and is

    hereby authorized and directed to draw his warrants in favor

    of L. L. Crockett, State Treasurer, on the University Fund,

    90,000 Acre Grant, for the sum of $275, the State University

    Fund, $400, making the sum total of $675 for premium upon

    the 4 percent U. S. Bonds purchased for the benefit of the

    State University.



    These amounts added to the amounts first invested will leave

    in the Funds the following balances:



        90,000 Acre Grant         $1,586.21

        State University Fund      1,514.62

                                  ---------

        Total amount in Funds     $3,100.83



    RESOLVED, that all acts done and expenditures made by Stone

    and Mayhugh in furthering the interests of the State Univer-

    sity are accepted and approved.



The above resolution was introduced by W. W. Bishop and carried.



    RESOLVED, that the Secretary be allowed a salary of $200 a

    year from April 1, 1879.



    RESOLVED, that the school books adopted by the State Board

    of Education be adopted and used in the State University.



    RESOLVED, that the course of study pursued shall be such as

    is necessary to prepare students to secure a First Grade

    Teacher's Certificate to teach in a Public School in this

    State, together with Bookkeeping, Latin and Music.



    RESOLVED, that the President of the Board be authorized to

    procure maps and charts for the School Room.



    RESOLVED, that the President, Secretary and Principal prepare

    a notice of the commencing of the School, for publication in

    selected newspapers in the State, for three months, and cause

    the same to be published.



The following bills were examined and allowed:



    S. S. Sears         Public Notice 6 mon to July 1     $ 60.00

    J. Ainley           Bill prior to Jan. 1                21.50

    W. C. Dovey         Expenses attending Board            20.00

    E. A. Littlefield   Salary - April thru June            51.00

    W. W. Bishop        Expenses attending Board            90.00

    T. W. Stone         Expenses attending Board            90.00

    D. W. Hull          Paints                   $104.40

                        R. R. Charges              43.15   147.55



On motion, the Board adjourned to meet at the call of the Presi-

dent.



                             T. W. Stone

                             President