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[inserted] As to finance
O.U.Certificates [end inserted] appropriating out of our revenues for the present fiscal
year the sum of $5000.00 to be used in the redemption of
of Ohio University Certificates falling due September 1st. 1900
which motion was duly seconded and adopted, and
thereupon the Board proceeded to consider the motion of
Mr Bundy, and a ballot was had resulting in seven yea
votes, nays eight, and thereupon the Chair declared the
motion was lost.

Mr Jewett offered to the Board the following resolution
to wit:
"Whereas the Act of the General Assembly of
the State of Ohio of April 3. 1900 (94 O.L. 94), authorizes
this Board from time to time to issue certificates of indebtedness
in an amount not exceeding $55.000.00. in anticipation
[inserted] Resolution
as to selling
10.000-$O.U.
Certificates
under [?101.94?]
P.94 O.L. [end inserted] of the annual levies authorized by Section 3951 of the Revised Statutes
of Ohio as amended March 28th 1891 (88.O.L. page 159) and us
further amended February 26th 1896 (92. O.L- page 40) and further
provided tht the whole amount of said certificates of said
indebtedness shall be paid by said Board of Trustees out of the
proceeds of such levies On or before December 31st 1916;
And whereas, it is necessary, in order to redeem and pay off said
certificates so falling due on September 1st. 1900. and to issue and
sell at not less than the [crossed out] ir [end crossed out] par value thereof, under the authority
conferred by the Act of April 3. 1900; [crossed out] [illegible] sell [end crossed out] $5,000.00 of the Certificates
of the Ohio University to become due in the first day of September
1906, and $5,000.00 of said Ohio University certificates to become
due on the first day of September 1907.
Now therefore be it resolved by the Board of Trustees of the
Ohio University that the Secretary of the Board be,
and he is hereby authorized empowered and directed to
advertise $10.000.00 of said Certificates for sale pursuant to the
Act of April 3. 1900 (O.L. Vol. 94-page 94) to wit: $5.000.00 thereof
to become due September 1st. 1906, and $5.000.00 thereof
to become due September 1st. 1907, that they shall be in denominations
of $500.00 each, with interest coupons thereto attached,
and to bear interest at the rate of five per cent per
[?annum?], payable semi-annually, from their date, on the first