Page 16

6 (top left corner)
Wednesday August 6, 1845

Our motion, Resolved, That in order to preserve the
organization of the corporation in an entire and efficient
form, during the suspension of the Collegiate Department, the
Board shall elect, annually, by ballot, one of their mem=
bers, as president of the Board, who shall pupil all the powers
and perform all the duties of President of said corporation.

Resolved, that in case of vacancies occurring in any
of the offices, the acting committee with other members of
the Board, if such be present, shall have power to fill such vacan=
cies until the next annual meetings.

The Board then proceeded to ballot for officers
for the ensuing year, when the following persons were unamim=
ously elected to the respective offices,
President of the Board, Calvary Morris
Secretary A. G. Brown
Auditor Henry Bartlett
Treasurer John Brown
Collector Suel Porter

The following proposition from the State Canal Fund
commissioners, respecting the debt due to the State sinking fund
was received through Dr. Hoge and ordered to be entered upon the minutes.

"Fund Commissioners office, Culumbus Aug. 4th 1845,
Dr. Sir- I have consulted Mr. Whitehill on the subject of the money
lent to the Ohio University by the Fund Commissioners under the
special act of 7th March, 1838 and we have no objections to take a
new note or obligation for the amount of the principal and
interest, payable in two years, with the understanding that after
two years five hundred dollars per annum shall be paid until
the debt is discharged, the security to be made satisfactory.

Yours Dr. John Woods, Fund [?Canal?]
James Hogs D.D. Trustee of O.U.

Whereupon, Resolved by the Board of Trustees of the
Ohio University, that the proposition of the State Fund Commission=
ers, in relation to the loan from the State Sinking Fund of $5000,
in September 1838, be accepted; and that the treasurer of the
Ohio University, on behalf of this Board, be authorized & directed
to sign and execute a proper Bond to this effect; and further
that so much of the permanent income of the university as
may be requisite, according to the terms of said Bond, be and hereby is
irrevocably pledged and set apart for the purpose until the
payments shall be completed; and that a copy of this