Proceedings of the Board of Regents (1864-1870)

20

Medical College building, reported progress and introduced to
the Board a Committee of citizens of Ann Arbor.
Hon. H. J. Beakes addressed the Board in behalf of the Committee and read the official minutes of a meeting held by the
citizens of Ann Arbor, whereby the initiatory steps were taken
to raise said sum.
Regent Walker presented the following preamble and resolution:
Whereas, The Citizens of Ann Arbor have proposed to furnish ten thousand dollars to the University towards the contemplated enlargement of the Medical building, and to raise
the same by a general tax to be levied by future authority from
the Legislature or by city bonds hereafter to be legalized, and in
the meantime a subscription for said amount is beingraised to
be paid to the University in expectation of its being refunded
out of said tax; tlerefore,
Resolved, That if said sum of ten thousand dollars is paid to
the University by said subscribers, then the fees to be derived
from medical students above the number of 222 —the capacity
of the present buildings —aiter the completion of said building,
shall be set apart as a fund to repay, on the first day of April. of
each year, said subscription with interest till the same is paid,
in the event that the Legislature shall not legalize the levying
of said tax, or the issuing of said bonds.
Adopted.
Regent Gilbert offered the following resolution:
Resolved, That if within ten days, said subscriptions are paid
in cash to the Treasurer, or in approved paper payable in
monthly instalments not extending beyond six months from
date, the committee on the Medical Department shall have
power to execute the building contract for said buildings.
The resolution was adopted by the following vote: