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20
Wednesday, August 2, 1848. Contd.
On motion the following Resolution in relation to the
Petition of Dr. Wm. Blackstone, heretofore was adopted,
Resolved that the Treasurer be authorized to issue new Leases
to Dr. William Blackstone [for the][crossed out] and others, present
holders, for the subdivisions of the original Lot of Land
in Sections 21 + 22, Town 9, Range 14, leased to Wm Harper
October 7, 1806, according to a survey made by E.H. Moore
Survey or of Athens County in 1846, on surrender of their
present titles, and payment of the expense of such new
leases, and securing the payment of the amount of
Rent reserved in the original Lease for said Lot.
On motion, the following Resolutions were adopted.
1. Resolved that Dr Hoge, Mr Horton and Mr Welch,
be a Committee to see that the necessary provisions to guard
the interests of the University be incorporated into any law
which may be applied for by the Lessees of the University
Lands authorizing or requiring a change of title from leasehold
to freehold.
2. Resolved, that in case said Lessees should apply for
such a law, the Board perceive no reason why the same
should be resisted, provided such law should contain
a provision for the payment to the University of any State
Tax which may be levied upon the Lands after the
change of title, and for the safe and profitable in=
vestment of the funds arising from such change of title
so as to avoid any danger of the principal of said
fund being diminished or anticipated.
On motion the Board then adjourned
Attest A.G. Brown Secretary