PROCEEDINGS. 305 



on the Market street lot, and appointed a committee to con- 

 fer with your honorable body. 



In view of all these facts your Prudential Committee gave 

 attention to this matter, and has the honor to report the 

 following progress : 



An abstract of title and a copy of the proceedings of the 

 Lick Trust were obtained, and, upon careful examination 

 thereof by the chairman of this committee, it was found 

 that the title of the Academy to the Market street lot is valid 

 and absolute; the right to the one-half residue of the Lick 

 Estate is also considered to be of the same nature. 



In ordt.^r to ascertain the amount and availability of the 

 residue of the Lick Estate, this committee addressed to the 

 Trustees of said estate a communication asking all possible 

 information in that respect. The Lick Trustees, through 

 their secretary, informed your committee that by the end of 

 1887 the Academy's share to the Lick Estate residue would 

 amount to nearly $350,000. 



This committee considers of great importance the enter- 

 ing into an agreement between this Acadamy and the Society 

 of California Pioneers, by means of which this Academy 

 may acquire the right to use the court, belonging to said 

 Society and Miss Cora J. Flood, for the purposes of getting 

 access, light and ventilation to the rear portion of any struc 

 ture this Academy may erect on the Market street lot. From 

 several interviews with representatives of both parties your 

 committee feels confident that a favorable agreement might 

 be concluded. 



The party wall between this Academy's lot on Market street 

 and Miss Flood's building has been finished, and the Acad- 

 emy's share of the expense is nearly $5,000, payable at the 

 time the Academy makes use of it. 



Another important matter that has engaged the attention 

 of your committee, arising during the year just expired, is 

 an attempt by the Board of Education to divert the ded- 

 ication of the Academv of Science lot on First Avenue, 



