07/19/1911

  

UCCSN Board of Regents' Meeting Minutes
July 19-20, 1911
 



07-19-1911
Volume OD - Page 315

                         Reno, Nevada
                        July 19, 1911

An adjourned meeting of the Board of Regents was held on July
19, 1911, in their Office, at 4:45 P.M.  Present were Regents
Codd, Reid and O'Brien.  Absent were Henderson and Williams.

Moved by O'Brien, seconded by Reid, that all of the acts of
the meeting held July 18th, be hereby ratified and approved.
Carried.

Moved by Dr. Reid, seconded by Mr. O'Brien, that the check for
$50,000 received from the State Treasurer, account the A & M
Fund, be divided, giving the Washoe County Bank $25,000 and
the Farmers and Merchants National $25,000 on deposit.  Carried.

Moved by Dr. Reid, seconded by Mr. O'Brien, that in order to
insure a fund from which we may draw in cases of emergency for
the payment of express, postage, freight, etc., that in the
event of the State Controller refusing to honor our claim upon
him for the sum of Two Thousand dollars from the Regents Fund
for the purposes hereinabove stated, that the Chairman of the
Board of Regents together with the Secretary be hereby author-
ized, empowered and instructed to borrow Two Thousand dollars,
without interest ($1000 from the Washoe County Bank and $1000
from the Farmers and Merchants National Bank) to be used as
a Revolving Fund.  Said note to be evidence that the said Two
Thousand dollars will be returned to them.  As a further secu-
rity, if necessary, the Board of Regents will each sign the
note.  Carried.

No further business appearing, the meeting adjourned.

                             A. A. Codd
                             Chairman

Geo. H. Taylor
Secretary