[23] 



170 



March next, as in a former resolution provided, and the further sum of one 

 hundred thousand dollars, to be raised by sale of that amount of the trea- 

 sury notes now the property of the institution, to be sold>.at not less than 

 their par value; which said suui of seventeen thousand dollars, together 

 with said annual interest over and above fifteen thousand dollars, and said 

 sum of one hundred thousand dollars now invested in. treasury notes, is here- 

 by declared to be the building fund of the institution. And the building 

 committee are hereby expressly instructed and required so to arrange their 

 expenditures on the building and lot, including all items heretofore enu- 

 merated, that these expenditures shall not exceed the amount of the said 

 building fund, it being understood that the said, building committee have 

 discretionary power in regard to such modifications and alterations as 

 may suggest themselves in the progress of the building, within the limits 

 of the said building fund, but no other. And if, in order to keep within 

 the limits of expenditure by this resolution prescribed, it shall be necessary 

 so to modify the plan as to reduce the cost of some portion of the building, 

 the building committee are hereby authorized and empowered so to do. 



Resolved, That the building committee be, and they are hereby instruct- 

 ed, so to arrange the expenditures from the said building fund that the 

 amount paid out of it (exclusive of any balance that may remain, on the 

 19th of March next, unexpended of the sum of seventeen thousand dol- 

 lars hereinbefore appropriated) shall not, at the close of any one year of the 

 last four years of the building contract, exceed an average annual expendi- 

 ture, througiiout the said years, of fifty-two thousand dollars, to wit: at 

 the end of one year an expenditure of fifty-two thousand dollars; at the 

 end of two years an expenditure of a hundred and four thousand dollars, 

 and so on. 



Resolved, That all appropriations heretofore made by this board for the 

 erection of the institution building, and the preparation of the institution 

 campus, including appropriations made on the 28th of January last for 

 fitting up and furnishing the building, and for lighting and heating the 

 same, also for laying out and planting and fencing the campus, be and 

 the same are hereby rescinded, and the sole appropriations for these ob- 

 jects are hereby declared to be those included in the preceding resolutions. 



Resolved, That, for the present, the resolution of the board passed on 

 the fourth December last, and authorizing an appropriation of twenty 

 thousand dollars for the purchase of books, and v/hich said appropriation 

 is to commence from the 1st of .January next, shall be strictly construed 

 to authorize only the purchase of such valuable Avorks of reference as the 

 Secretary, or the Building or Executive Committee, may consider useful 

 for present purposes, or otherwise likely to be immediately demanded in 

 the prosecutions of the plan of the institution: Provided, however. That 

 nothing in this nor in the preceding series of resolutions contained shall 

 be construed to rescind, or in any way impair the force of, certain resolu- 

 tions passed by the board on the 26th and 28th of January last, including the 

 following: " Resolved, That for the purpose of carrying into effect the two 

 principal modes of executing the act and trust pointed out in the resolu- 

 tions herewith submitted, the permanent appropriations out of the accruing 

 interest shall, so soon as the buildings are completed, be annually as fol- 

 lows — that is to say: 



" First, for the formation of a library composed of valuable works per- 

 taining to all departments of useful knowledge, and for the procuring, ar- 



