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days of March and September of each year until paid,
both principal and interest payable at the Importers and
Traders National Bank, in the City and State of New York;
that the Treasurer of the Board is hereby authorized and
directed to receive and receipt for the [?money arising?] from
the sale of said certificates of indebtedness issued pursuant to
said Act of the General Assembly of the State of Ohio, passed
April 3rd 1900, and out of the proceeds of such sale said Treasurer
is directed to pay off the $10.000.00 of said outstanding certificates
falling due on the 1st day of September 1900; that the
President and Secretary of this Board be, and they are
hereby, authorized and directed to sign seal and deliver to
the purchaser thereof the certificates of indebtedness hereby
authorized to be sold, and said certificates to to be sold
shall be numbered from 31 to 50 inclusive.
Resolved, the interest coupons to be attached thereto shall be
substantially in the words and figures following, to wit;
[inserted] Same
Subject
Continued. [end inserted] "United States of America
No. $500.00
The Board of Trustees of the Ohio University at Athens Ohio,
promises to pay to the bearer, at the Importers, and Traders
National Bank, in the City and State of New York five
hundred dollars on the 1st of September AD_ with interest
therein at the rate of five per cent per [?annum?] payable
semi-annually, on the first days of March and Septmber
of each yar until said principal sum shall have been
paid, coupons to [?endeuce?] said payments of interest being
hereto attached. This certificate [inserted] of indebtedness [end inserted] is one of a series numbered
from thirty one to fifty, both inclusive, all of the denomination
of [crossed out] $ [end crossed out] Five hundred dollars ($500.00), and of [?even?] date herewith,
and is issued in pursuance of the authority granted by
an Act of the General Assembly of the State of Ohio,
passed April 3, 1900 entitled " An Act to authorize the
Board of Trustees of the Ohio University to refund certain
certificates of indebtedness heretofore issued". Said Act limits
the total amount of such Certificates to fifty five thousand