The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-07-05
N. w. @. U.
MEETING OF THE BOARD OF DI
REClORS YES ERDAY.

MEETING OF THE BOARD OF d.
RECIORS YES ERDAY.
ORGANIZATION OF THE BoARD-APPoINr-
MENT OF STANDING CoMMIrrBES-PRoP-
osITIoN FROM OVID BUILER.
The Board OF Directors of the North
western Christian University, recently
elected, met yesterday pursuant to the
call of the secretary. There were present
Messrs. o. Butler, w. F. Black, ]. s. Dun
CAD, Simeon Frazier, j. @. Miller, A. G.
Shortridge, P. II. Jameson of Indianapolis;
B. NJ. Blount of Upton; A. 1. Hobbs,
Bloomington, H.; ]. 1. Irwin, Columbus;
A. G. Thorn psoD, Edinburg. The board
organic d by electing DR.. p III.
Jameson president, G. K. Hallenbeck
secretary, j. Nj. Judah treasurer, all OF
whom have served one or two terms AL
ready in the same positions. Allowances
OF money were made for the purpose OF de-
fraying the expenses OF Prof. Jordan In
collecting and preserving specimens in
natural history on bis summer trip
through the South, tor making additions
to the chemical and philosophical ap-
paratus and for increasing the library. In
stead oil the business committee OF the old
board,
FIVE STANDING COMMITTEES
were established aud filled by the chair
as follows: On finance and auditing
Messrs. Frazier, Irwin and Butler. On
buildings and grounds-Messrs. Black,
Butler and Blount. Oh library, app 3rstus
and csbinet-Messrs. Shortridge, Hobbs
and Miller. On Instructors, salaries and
condition OF schopls-Messrs. Miller,
-Messrs. Duncan, Thomson and Frazier.
Blount and Hobbs. On Judiciary of claims
A committee, consisting of the president
o; the faculty and Prot. Hopkins, was su-
thOrized to procure buildings aud make
arrangements for students boarding IN
CLUBS at low ra-es, which they
expect to make quite attractive.
Inc board unanimously and with enthu-
sissm adopted a conGratulatory resolution
on the app aren't success of the institution
since the removal, and the hopeful pros
pect for the future.
PROPOSITION FROM OVID BUTLER
to take 467 additional shares OF stock, and
pay S467, 90 in real estate for them, was
submitted as follows:
To the Board of Directors of the Northwestern
Christian University:
now hold 2S3 shares or SIS, 800 of the
capital stock of the corporation, and desire
to increase the amount of my stock to 75O
snsres or $4,000, which would be an sd-
dition to what now hold of 467 shares or
SAG, 200.
For this increased number of shares and
amount of stock OF the corporation l pro-
pose and offer to convey to the corpora
ton by proper and sufficient deed in the
following named eight lots in my north
addition to college corner in the city oil
Indianapolis, Marion county, state OF In
diana, tO-wlt: Los numbered thirty =
seven $50, tnirty-eigbt 1881, thirty nine 1907,
iOrty (40), for y-oDe (41), forIy-tWo (42L
toIty-three (43) aud torGy four (44) upon
the terms and conditions following, tO-wi
l. That proper and sufficient certifca 9
or certificates for 467 shares or SAG, 700 OF
paid stock OF the cooperation be promptly
issued to me.
2. That there be promptly established
and perpetually maintained and sustained
In the instlutiO of the Northwestern
Christian University col ege department
or school with at least two good aud COM
petenG professors or instructors Specially
charged with aud devoted TO the instruc-
lion of the students of the institution in
toe Chri-tisn faith and Christian morality
as taught In the sacred Scriptures in &C.
cOrdance with aBd compliance to the prO.
vision in the charter of the institution re-
curing such Instruction, provided thai
until the sale b, the corporation of the
lots so to be conveyed by ma to 1t, the
corporation shall not be- bound or re
quired to keep and 81 stain more than one
goJd and competent professor or instruct
or in the said college department or
school.
3. Tfat the said lots so to be arranged
by ME be sold by The corporation as s0on
IS proI or sales can be made, the full pro-
cetds OF sucn sales to be added to and
constitute part OF the endowment fund
of the institution, to bs held inviolsts and
loaned out rs other of sucn endowment
FUNDS, the interest thereon TO be used and
applied to maiDt.i ain, sustain and support
the said college, department r school.
Respectfully submitted.
OVID BUTLER
JUNE % 1875.
1t is needless to say that the proposition
wss enthusiastically acct pied. and will be
-