Page 40

30 (top right corner)
Annual Meeting - ( August 8. Thursday 1850
Amt. from Over $751 46
" Duplicate of 1849 4043 30
Interest on deposits in State Treasury 113 84
Due on Lots sold 637 23
Interest on same 201 56
Money in Treasury at Settlement 295 68
$6043 07
Balance of undebtedness over available assets $3686 82
Estimated value of unsold Lots $800 to $1000 00
Amt. of doubtful assets, claimed as due from
late Pres. W.H. McGuffey 966 63
The regular expenditures for the year ending 1st
January 1850, [Illegible]
Salaries of Faculty + Officers 4007 57
Expenses of Board 44 20
Incidental Expenses 553 87 = 4605 64
Tuition + Room Rents for 1849 - $1045.50

On Motion Resolved, that the Treasurer be directed
to collect all back rents due for the years 1843,4,5,6,7,8,9,
before the next annual settlement, or, in case of failing
to reenter the Lands + Lots remaining delinquent without
exceptions, in order that the same may be offered for
sales: and that hereafter, he proceed at once to
collect all rents remaining unpaid for two months
after the same shall become due, by distress or
reentry; and that all reentered lands and lots be
sold as soon as possible after such reentry made.
On Motion, Resolved, that the Finance Committee
be instructed to examine thoroughly into the State
of the Finances for the current and succeeding
years, and report thereon at the next and each
succeeding meeting of the Board.
Resolved, that such Report shall include, in addition
to the points contained in their Report to the Meeting, the
amount of expenditures from the 1st of January each year
to the time of such meeting of the Board, as also
the amount paid on depts during the same period.
Resolved, that the President be requested to report at
each meeting of the Board the sums expended from
the funds appropriated and placed at his disposal.