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Board does hereby approve and confirm the action
of the Secretary of the Ohio University in all particulars
as to the advertising for sale of said $10.000.00 of the Ohio
University Certificates, $5.000.00 of which will mature
Sept-1-st 1908, and $5.000.00. thereof on the 1st day
of September 1909, and in receiving sealed bids therefor
and in retaining the same sealed until the
meeting of this Board on the 28th day of August 1901" -
and moved to adoption, which motion was duly
seconded, and the yeas and nays, being demanded
a call of the roll resulted in the following vote to wit:
Lowrey. Jewett_Lene. Fenton - Benson. Welch Whiley
Coultrap Foster, Biddle and President Ellis - D.H
Moore not voting, nays none, and thereupon
the Chair declared that said resolution had
been duly adopted by a legal quorum of the Board.
[inserted] O.U.
Certificates [end inserted] Mr. Whiley moved that
we proceed to open said bids, and award the
same to the highest legal bidder which motion was
duly seconded, and the yeas and nays being demanded
the roll wa called resulting in the following vote to wit: yeas
Lowrey Jewett. Lene. Fenton. Benson Welch.
Whiley. Coultrap. Foster. Biddle and President Ellis
D. H. Moore not voting _ Nays none, and thereupon the
Chair declared that said motion had been duly
adopted by a legal quorum of this Board.
The Board thereupon proceeded to open such bids so
received, and having [inserted] n [end inserted] canvassed the same it finds and
determines that [inserted] The [end inserted] Security Savings Bank and Loan Company
of Athens Ohio has made the highest and best [inserted] legal [end inserted] bid for
said $10.000.00 of Ohio University Certificates maturing at
the times following to wit: $5.000.00 on Sept-1-1908 and
$5.000.00 on the 1st of September 1909, and the said Security Savings
Bank and Loan Company having paid therefor the sum
[inserted] be declared to be the highest legal bidder at said sale [end inserted]
of $10.950.00 being the amount of its said bid which motion
was duly seconded, and a call of the Roll being demanded
resulted in the following vote: to wit: Lowrey. Jewett.
Lene. Fenton. Benson. Welch. Whiley_ Coultrap. [crossed out] Moore [end crossed out]