The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-10-19

that under act l82 OF 1857 doubt IL any author
ity is vested in me as custodian, or you, gentle
men, as members Of the board, to dispose Of said
bonds as directed, except by legislative enact
ment."
The Secretary Of State refers to the reso-
luton first and then to act No. OF 1874 regard
ing the funding Of the bonds according to the
provisions Of act No. 1872 Of 1867, and thinks the
bonds should be held rs . perpetual fund for the
purposes for which the said fund was created,
and says, according to the provisions OF the acts,
it should not be diverted for any purpose other
than that for which it was and is pledged. "As 8
sense Of duty" he continues, II feel constrained
to decline parting with those bonds and especial
ly to convert them into securities at discount Of
forty per cent, except under Legislative enact
ment or under an order emanating
FROM THE COURTS
Gen. Brent moved that legal proceedings be
instituted to test the question OF the right Of
the board to fund the bonds, and that the presi-
dent OF the faculty be authorized to employ
counsel and to take such steps as he may deem
proper to test the question referred to. Carried.
The ex-ofticio president declared then that
nominations for professors were in order.
Mr. Strickland moved that the board 60 into
executive session. Carried.
hour the doors were opened, when Gov. Witt re-
marked that
NOMINATIONS WERE IN ORDER.
Mr.. Lusher nominated as professor of mathe-
mates J. w. Nicholson, Of Claiborne parish.
There being no other nominations, the election
was made unanimous.
As the professor OF chemistry, Mr.. Strickland
nominated DR.. Joseph J. Jones, OF New Orleans,
and he was elected without opposition.
On motion OF Gen. Brent, 1t was resolved that
professor of ancient and modern languages be
elected in addition to the profssaorships already
and quarters be allowed said professor until in
the opinion Of the board its finances will allow it
to be increased to $4,000.
On motion Of Col. Boyd, Prof. W. O. Wilde was
elected professor Of ancient and modern lam
guages.
On motion of Dr. Williams the president OF the
faculty was authorized to take possession of, re-
ceive and receipt for, any and all property,
assets, etc., belonging to
THE TWO COLLEGES.
Col. Boyd stated that he understood that some
notes were due, or were about to become due,
on the old Agricultural and Mechanical College;
but he did not known in whose hands they were
He knew, however, that there was $4,000 in
State warrants as collateral behind these notes,
and inquired as to the course to be pursued.
1t was thought and decided that the resolution
covered the case.
On motion OF Mr.. McOollom, finance COM
mittee OF three, to consist OF the president Of the
faculty, the vice president Of the board OF super
visors and another member, to whom shall be
referred all questions OF finance arising during
the
RECESS CT THE BOARD,
but without power to audit claims. was ordered
The acting Governor appointed as the addi-
tional me nber MIR. Strickland.
Mr.. strickland moved that an executive COM
mittee consisting of three members be appointed,
to consist of the vice president Of the board,
the president of the faculty and another member.
Carried.
Gen. Brent was appointed as the additional
member.
On motion then
THE BOARD ADJOURNED
until the first Monday in December, when the
meeting will be held In Baton Rouge, and when
there VII DO presented report for the Legisla-
ture.
. Get Yonr kid gloves at Ereagar's