180 STATE HORTICULTURAL SOCIETY. 



REPORT OF THE BOARD OF TRUSTEES OF THE LYON MEMO- 

 RIAL FUND. 



On November IG the Board met in the city of KaLamazoo at the time 

 of the annual meeting of the Michigan State Forestry Association. 

 Present C. J. Monroe, president; C. W. Garfield, treasurer and J. 

 Satterlee, secretary. 



Treasurer Garfield stated that his report would show sufficient funds 

 on hand in excess of the original amount of the Lyon Fund to liquidate 

 the balance of the State Society's note. It was the judgment of the Board 

 that it would be proper to recommend to the State Society that this note 

 be cancelled and the Lyon Fund fixed permanently at the original 

 amount, |7,5I8.GG or at some such other definite amount, say $7,G00.00, 

 as the society may deem wise, from the funds now on hand. On motion 

 this action was recommended. It remains with the society to decide 

 whether the fund accrued from life membershi]> since the creation of the 

 Lyon Fund shall be placed in the hands of the treasurer of this board 

 of trustees for investment, or left in the hands of the treasurer of the 

 State Horticultural Society. Under the constitution of the State Society 

 it must remain a permanent fund of which the income only can be used 

 for the general purposes of the society. 



If these matters can be definitely settled at this meeting it will be a 

 very simple matter for us to start with a clean sheet and from this 

 annual meeting carry out the letter of the trust, by turning over each 

 half year the accrued income of the entire fund to the treasurer of the 

 State Society for the use of the society. 



Respectfully submitted, 

 JAMES SATTERLEE, Secretary, 

 Benton Harbor, Mich., Dec. 7, i!)10. 

 (Memorandum.) 



President Monroe was directed by the society to put the graves of 

 Mr. and Mrs. T. T. Lyon in the cemetery at South Haven in order. This 

 action Avas taken at Kalamazoo in 1009. The matter was attended to 

 and the bill |17.50 allowed by the State Society at its meeting at Benton 

 Harbor in 1010 and a check has been sent to Mr. Monroe in payment of 

 the bill. 



J. SATTERLEE, Lansing, Dec. 10, 1010. 



