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Annual Meeting. Thursday, August 4, 1853

Resources for present year, 1853
Balance in Treasury Jan. 1, 1853. 428 38
Back rents due prior to 1852. (since paid) 80 30
Rents of 1852, due Jan 1, 1853 estimated 4041 68
Interest from Deposits in State Treasury 113 84
Received in full from Sale of Lots prior to 1853 744 38
Rec'd from Sale of Lots, March 10, 1853 495 39
Rec'd from Sales of Scholarships since 1st Jan. 322 50
Rec'd from Room Rents since 1st Jan. 73 10
Bal. unpaid on lots sold March 10, 1853 671 44 = 6971 01
Expenditures for 1853.
Paid Salaries of Instructors to 1st Sep. 8 [?ne?]. 2400 00
" Contingent expenses to Aug. 1, 7 [?ne?]. 253 60
" On Loan from State Sinking Fund 513 84
" July interest on Funded orders 86 16
" For redemption of Funded Orders 500 00
Estimated contingent expenses for remainder of year 300 00
" Residue of Instructor's salaries 1200 00
" Salaries of Treasurer, Auditor & Secretary 215 00
" January interest on residue of Funded Orders 68 60 = 5537 20
" Balance at the close of the year 1433 81
Add estimate of Comee from Sale of Scholarships 1000 00
Total estimated bal. Jan. 1, 1852 $2433 81
This increased accumulation of funds arises principally
from the sales and payments for Lots, which recourse
must henceforth cease, since few or no Lots remain to be
disposed of. From this surplus further payments in reduction
of this indebtedness of the University may be made; but
upon it no increase of permanent appropriation can safely
be predicated. (Brown, Welch, Jewett & Dana, Comee)
The Committee on the Sale of Lots made
a Report on Tuesday, which was received
and accepted and is here recorded as
follows:
"The Committee on the Sale of Lots report, that, on
the 10th of March, 1853, after due notice, they offered at
Public Sale, all the In and Out Lots in the Town of Athens
belonging to the University, remaining unsold, and
made sales of the same, as follows- the Terms of the sale being
one third of the purchase money in hand, one third in six
and one third in twelve months, with interest from the day of sale
The Rents to commence from the 1st of January 1853.