170 STATE HORTICULTURAL SOCIETY. 



promotion and support of the work of the said State Horticultural So- 

 ciety. 



At the annual meeting of the Society held in the city of Battle Creek 

 on the 3rd, 4:th and 5th of December, 1907, it was found that the So- 

 ciety had in hand in notes, mortgage investments and cash the sum of 

 three thousand four hundred dollars. By resolution of the Executive 

 Board of the Society it was decided to place the Society in position to 

 accept the bequest of Theodatus T. Lyon by raising the sum of one 

 thousand six hundred dollars to add to the three thousand four hundred 

 dollars already in hand. This was done ])y the Executive Board issuing 

 a note for one thousand six hundred dollars, this note being secured 

 by sixteen individual notes given by responsible members of the So- 

 ciety, thus making a permanent fund of five thousand dollars to meet 

 the requirements of the Lyon will. Tt is understood and agreed by the 

 Executive Board that these notes shall be cancelled as fast as the in- 

 come from the permanent fund thus created and from other sources 

 will permit. (The above requirements have been met, and all notes can- 

 celled.— R. A. S.) 



This arrangement was accepted and agreed to by the trustee, Mr. 

 Charles W. Garfield, and proceedings were begun at once by Mr. Qnr- 

 field to have the matter finally adjusted and settled by the Probate 

 Court of Van Buren County fthe Court having jurisdiction) and the 

 property transferred to the State Horticultural Society in accordance 

 Avitli the be(]uest of Theodatus T. Lyon. 



To carry out this plan and to make the bequest effective the Executive 

 Board of the State Horticultural Society at its winter meeting held at 

 Almont on Ihe 11th and 12th of February, 1008,' provided for the estab- 

 lishment of a Board of Trustees to have charge of the property and 

 funds created by the Lyon bequest. The permanent fund thus created 

 is to be known as the ''Ljion, Meinorial Fnnd'\ Charles J. Monroe, of 

 South Haven, Charles W. Garfield, of Grand Rapids, and James Satter- 

 lee, of Lansing, were made trustees. These trustees and their successors 

 are known as the Board of Trustees of the Lyon Memorial Fund. 



On completion of the necessary legal steps in the Probate Court, ISfr. 

 Vlarfield was discharged from the office of trustee under the Lyon will, 

 and on the 4th of April, 1908, the property was transferred to the Mich- 

 igan State Horticultural Society and the deed to the real estate recorded 

 in the office of Register of Deeds in Van Buren County. 



Besides the real estate described in the deed, a co])y of which will be 

 found in the report of the Secretary of the INIichigan State Horticultural 

 Society for the year 1908, bonds, notes, bank book balance, etc., amount- 

 ing to about two thousand dollars, thus becomes the property of the 

 Society. The interest and income from this property will be used to 

 further the best interests of Horticulture in Michigan. 



Besides the copy of the deed lo the South Haven real estate, a copy 

 of the recorded document setting forth the duties of the Board of Trustees 

 of the Lyon Memorial Fund, their duties, tenure of office and other mat- 

 ters relating to their office, together with a record of the first three meet- 

 ings of the Board of Trustees will also be found in the report of the 

 Society for 1908. 



Reports have been made by the Secretary of the Board of Trustees at 



