25

----CALLED MEETING----

The Board of Trustees of Wake Forest College met at
Faircloth Hall, Raleigh, N.C. July 30th 1906 at 11:30 A.M.
Called to order by Vice-President Ward. Prayer by L. Johnson.
Members present: WARD, SCARBOROUGH, R.P. THOMAS, JOHNSON,
Tr. BRIGGS, TIMBERLAKE, ROYALL, CAMPBELL, J.A. OATS, Atty JONES,
Pres. POTEAT.

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The call was read. The call for this meeting was
issued on a circular dated June 29th 1906, calling the Board to
meet at Faircloth Hall, Prof. Watson's recitation room, at
11:30 A.M. to consider a proposal from the General Educational
Board of New York, with its conditions. Also an additional call
dated July 12th sending to each member of the Board
the proposition in full.

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--- The minutes of the meeting of the Executive Committee are
read and approved.

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[*G. Ed. Board*]
President Poteat is invited to sit with the Board and
is asked to make a statement as to the proposed donation by
the general Education Board of New York, which he does.

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Bro. Hunter moves that the Board accept theconditional
proposal of the General Educational Board of New York, and that
the officers of our Board subscribe to the conditions proposed
by the General Educational Board in connection with their
proposal to give us $37,500°° if we raise $112,500.00

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The proposal is accepted with its conditions, a full text of which follows:
[*Proposal to G.E.Bd*]
"Raleigh, N.C. July 12 1906
To The members of the Board of Trustees of Wake Forest College:

Dear Brother:- In the call for a meeting of the Board
of Trustees of Wake Forest College, in Raleigh N.C. July 20th
reference was made to the offer from the General Educational
Board of a gift of $37,500°° to the endowment of the College and
the conditions of the gift.

Since sending out this call we have thought it might be
best to send a copy of the conditions so that each member of the
board might consider them before coming to the meeting and we
enclose the same herewith.

CAREY J. HUNTER, Secretary W.C. TYREE, Chariman

P.S. -- The whole matter is, of course, confidential.

June 14, 1906.

Dr. William L. Poteat, Wake Forest N.C.

Dear Dr. Poteat: I send you herewith a conditional
appropriation made to Wake Forest College as indicated by the
enclosed pledge dated May 29th 1906. If this is satisfactory
to your Board of Trustees, I will ask them to indicate such
approval by the adoption of a resolution substantially as follows:

"The board of trustees of Wake Forest College, hereby
accepts the conditional pledge of the General Education Board dated
May 29th 1906, and covenants and agrees that if the terms of the
pledge are complied with, and the money paid by the General
Education Board, that the Board of Trustees of ake Forest
College will faithfully perform the covenants on behalf of
said college contained in said pledge." With best wishes, I am.
Enclosure. Most truly yours. WALLACE BUTTRICK