Henderson daily dispatch., 1946-07-30
Baptist Contention Is Urged
10 Accept Reyn olds ProHer

hFcclSDOTO, July oU.-(AP)
The Baptist State Convention
received today a recommends,
ton that trustees of Wake For.
est College be empowered tc
accept an offer from the Il
Smith Reynolds Foundation in.
volving the removal of the col
,cgc to Winston-Salem.
The Reynolds offer would as.
sign rcrpetually income from
the foundation up to $3.50, OO0
a year provided the college, its
name not be changed, be moved
to Winston-Salem, where the
Wake Forest Medical School al
ready is located.
a number OF contingencies were
listed 10th by the denomination and
the f1'' dalton. one OF which was
ina, the validity of the move be
tested by the State Supreme Court.
Broughton Gives Resolution
Former Governor J. NJ. Brough,on
chairman of Il special committee of
III" 'r''HiccS fNrmallv presented the
resolution TO the convention today.
II also had been endorsed by n
special committee of the general
board and the council ul Christian
education. These groups met in VIM
Ston-Salcm on July 9.
The convention also was cXpccted
10 receive another proposal, dcedinp
Rcynolda. palatial and cytu,sivc
estate Of the Reynolds family. to
the college i'm the event il is moved
TO WinSton-Salem.
The resolution. as read by
Broughton:
Resolution Approved
First. that the resolution of the
board of trustees Of Wake Forest
College, concerning the proposal of
the 4. Smith Reynolds Foundation.
unanimously passed by the board
nj its meeting on April II. 1916, and
UNANIMOUSLY concurrcd i'm on the
same date by the general board of
Inc convention I'D by the council
on Christian education be and the
same is hereby in all respects an
proved.
Second. that tho hoard of trustees
of Wake Forest College be. and is
hereby. fully authorized and en-
powered to accept the proposal o.
the L.. Smith Reynolds Foundation.
made uDur the condition that the
college he removed la WinStnn-SaI-
en-. whore The medical school of thc
institution and tho Baptist hospital
are already located: and that the
trustees be authorized and ON
powered To enter into an approximate
contract with the trustees of thC
foundation n aCcortar with the
proposal and this resolution: prn-
Nlded however. that the formal con-
tract between the college and the
foundation shall be subject Ia Judi
cial determination as e. the vaIiditv
and effectiveness Of The DcrpcfIIal
aSSiu mcnt of income by the foun-
dation.
Name Not Changed
Third that the acceptance of
such proposal shall be upon the con-
nltinn that the name Of the college
he not changed. and that the control
oi Inc institution shall Continue lIn-
altered and undiminishcd i'm the
board Of trustees of Wake Forest
College. as appointed by the Baptist
State Convention and subject to the
control and authority of the col
vcntion.
Fourth, that the college not be
moved 10 WinSton-SaIem in whole
or in part. and the construction of
now bulldogs not be begun. until
there is in hand an amount of cash
or solvent bonds. or securities or
solvent and collectiblc pledges or
commitments, sufficient to erect on
the new site IN Winston-S Salem the
requisite number of buildings of
suitable type and design TO provide
adequately for a student body of
not less than 1000 students.
Fair Market Value
Fifth, that in determining the
availability of funds for building
purposes, the board of trustees of
wax" Forest College may take into
consideration the fair market value
OF the plant at Wake Forest, as Of
the time of removal. and the con-
Ncntion pledges to the board Of
trustees IFS full cooperation in the
u'IliZatiur of the plant at Wake
forcst for UNCONVENTIONAL purposes
and in the realization of such fair
market value as may he agreed upon
by the trustees of the college and
inc trustees of the convention.
Sixth, that in addition tc its
regular ard customary support from
cooperative funds, the convention
renew its pledge TO support the
trustees in the prosecution Of the
campaign to raise the necessary
funds for the enlargement program,
~ ocing understood that every cf-
Tort as heretofore. shall be made
10 safeguard the cooperative pro-
gram Of the convention, thus secur-
ing gifts and pledges not from the
churches ms such. but from individ-
uaiS; and the convention urges all
friends of Wake Forest I'D Chris
lan education TO accept and meet
4 L e