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.S£S.CJAL3BETJN-G_QF__THEJ.0ARD-0-F_TRUSJEES„0F PURDUS^HILIVERSITY,
Rollcall
Adoption of resolution to issue Purdue Memorial Bonds.
Eliza Fowler Hall     ' July 16, 1929
The Board of Trustees met in special session at 10:00 A. M. . Tuesday, July 16, 1929. in Eliza Fowler Hall.
There were present: Mr. Edgerton, Mr. Hall, Mr. Kimbrough. Mr. Lilly, Mrs. Meredith, Mr. Noel, Mr. Ross, Mr. Simpson and the President of the University.
President Ross presided and the Secretary acted as secretary.
Controller Stev/art sat with the Board during the session.
Superintendent C. D. Bushjiell, Construction Superintendent R. T. Hamil¬ ton and Mr. A. L. Lloyd, representing the architects. Pond & Pond of Chicago, were present during the consideration of matters connected v/ith the Purdue Memorial Union Building.
I^ ADOPTION OF RSSOLUTION RE BOND ISSUE.
Upon motion of Mr. Noel, the following resolution was unanimously
adopted:
WHEREAS,  the board of trustees of The Trusteea of Purdue University by  resolution heretofore duly adopted has authori zed the execution,   issuance and negotiation of First Mortgage Purdue Memorial Union bonds   in the  aggregate  sum of Four Hundred Ten Thousand Dollars   ($410,000.00)   to be dated July 1,   1929,   and to bear interest at the rate of four and one-half per cent  (4-l/2^) per annum,  and v/ith maturities and  other terms and conditions as in  said previous  resolution prescribed and authorized,   and,
^iTHSRSAS,  the executive committee of said beard of trustees, acting in the  interim between meetings of  said board and under authority conferred upon it by the by-laws  of  said The Trustees of Purdue University,  has found and determined that said bonds bearing interest at four and one-half per cent   (4-1/2^;^) per annum cannot be sold at  the par  value  thereof as required by law,  and has further found that said bonds should be issued in the aggre¬ gate amount  of Four Hundred Thousand Dollars   ($400,000.00)  bearing interest at  five per cent   {5%] per annum from date and with maturi¬ ties as by  said executive commitiee  found and determined and as hereinafter more particularly set forth,
NOW.  THEREFORE,  3E IT RESOLVED by   said board of trustees of The Trustees of Purdue University that  the action of  said exe¬ cutive committee of said board of trustees in determining and pro¬ viding that said bonds should bear interest at five per cent   {5%) per annum and should be issued in the aggregate amount of'Four