209

Special Meeting
December 20, 1958

Center in the sum of $1,142,000 have been raised or provided for.

In view of the statement from the University of Nebraska Foundation that firm pledges in the sum of $1,011,880 are in hand and in view of the authorization for the issuance of revenue bonds in the sum of not to exceed $350,000 the following action is now taken by the Board of Regents.

Authorize Chancellor to certify that Board has funds available to be used with grant from Kellogg Found. for Center.

It was moved by Regent Greenberg, seconded by Regent Elliott, motion put to vote and carried, authorizing and directing the Chancellor of the University of Nebraska to certify to the W. K. Kellogg Foundation, Battle Creek, Michigan, that the Board of Regents guarantees to the Kellogg Foundation that funds in the amount of $1,142,000 will be available to be used with the grant made by the W. K. Kellogg Foundation in the sum of $1,500,000, thus creating a total figure of $2,642,000 for the construction and equipping of the proposed Nebraska Center for Continuing Education to be constructed on the College of Agriculture campus of the University of Nebraska.

Resolution for sale of farm in Orinda Johnson Estate

RESOLUTION

WHEREAS, under the provisions of the Last Will and Testament of Orinda M. Johnson, deceased, duly admitted to probate, said deceased, in said Will, under ITEM XXXV thereof, gave, devised and bequeathed to the Board of Regents of the University of Nebraska, in trust, all of the rest and residue of her estate, and

WHEREAS, the following described real estate was a part of the residue of the estate of said deceased, to-wit:

West Half (W1/2) of Section Twenty (20), Township Eighteen (18) North, Range Four (4), West of the 6th P.M., Nance County, Nebraska;

All of Section Twenty-Seven (27), Township Six (6), Range Twelve (12), Nemaha County, Nebraska;

Southwest Quarter (SW1/4) of the Northwest Quarter (NW1/4), and West Half (W1/2) of the Southeast Quarter (SE1/4) of the Northwest Quarter (NW1/4), and the North Half (1/2) of the Northwest Quarter (NW1/4) of Section Thirty-Four (34), Township Six (6), Range Twelve (12), Nemaha County, Nebraska;

and

WHEREAS, said decedent provided further in her Last Will and Testament that The Board of Regents of the University of Nebraska, as trustee, should have full power, without the order of any court, to dispose of any and all of the property devised and bequeathed to it, and

WHEREAS, no buildings of the University of Nebraska are located upon said real estate, and

WHEREAS, it is the judgment of The Board of Regents of the University of Nebraska that the best interests of the Franklin E. & Orinda M. Johnson Loan Fund and Franklin E. & Orinda M. Johnson Scholarship and Research Fund, provided in said Last Will and Testament to be established by The Board of Regents of the University of Nebraska, will be served by the sale of said real estate at public auction;

NOW, THEREFORE, BE IT RESOLVED, that the above described real estate be offered for sale at public auction and be sold to the highest bidder therefor; and that Joseph Soshnik, Comptroller of the University of Nebraska, and C. A. Donaldson, Business Manager of the University of Nebraska, be and are hereby authorized to make all necessary arrangements for the sale of said real estate at public auction.

Continued

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Special Meeting
December 20, 1958

Center in the sum of $1,142,000 have been raised or provided for.

In view of the statement from the University of Nebraska Foundation that firm pledges in the sum of $1,011,880 are in hand and in view of the authorization for the issuance of revenue bonds in the sum of not to exceed $350,000 the following action is now taken by the Board of Regents.

Authorize Chancellor to certify that Board has funds available to be used with grant from Kellogg Found. for Center.

It was moved by Regent Greenberg, seconded by Regent Elliott, motion put to vote and carried, authorizing and directing the Chancellor of the University of Nebraska to certify to the W. K. Kellogg Foundation, Battle Creek, Michigan, that the Board of Regents guarantees to the Kellogg Foundation that funds in the amount of $1,142,000 will be available to be used with the grant made by the W. K. Kellogg Foundation in the sum of $1,500,000, thus creating a total figure of $2,642,000 for the construction and equipping of the proposed Nebraska Center for Continuing Education to be constructed on the College of Agriculture campus of the University of Nebraska.

Resolution for sale of farm in Orinda Johnson Estate

RESOLUTION

WHEREAS, under the provisions of the Last Will and Testament of Orinda M. Johnson, deceased, duly admitted to probate, said deceased, in said Will, under ITEM XXXV thereof, gave, devised and bequeathed to the Board of Regents of the University of Nebraska, in trust, all of the rest and residue of her estate, and

WHEREAS, the following described real estate was a part of the residue of the estate of said deceased, to-wit:

West Half (W1/2) of Section Twenty (20), Township Eighteen (18) North, Range Four (4), West of the 6th P.M., Nance County, Nebraska;

All of Section Twenty-Seven (27), Township Six (6), Range Twelve (12), Nemaha County, Nebraska;

Southwest Quarter (SW1/4) of the Northwest Quarter (NW1/4), and West Half (W1/2) of the Southeast Quarter (SE1/4) of the Northwest Quarter (NW1/4), and the North Half (1/2) of the Northwest Quarter (NW1/4) of Section Thirty-Four (34), Township Six (6), Range Twelve (12), Nemaha County, Nebraska;

and

WHEREAS, said decedent provided further in her Last Will and Testament that The Board of Regents of the University of Nebraska, as trustee, should have full power, without the order of any court, to dispose of any and all of the property devised and bequeathed to it, and

WHEREAS, no buildings of the University of Nebraska are located upon said real estate, and

WHEREAS, it is the judgment of The Board of Regents of the University of Nebraska that the best interests of the Franklin E. & Orinda M. Johnson Loan Fund and Franklin E. & Orinda M. Johnson Scholarship and Research Fund, provided in said Last Will and Testament to be established by The Board of Regents of the University of Nebraska, will be served by the sale of said real estate at public auction;

NOW, THEREFORE, BE IT RESOLVED, that the above described real estate be offered for sale at public auction and be sold to the highest bidder therefor; and that Joseph Soshnik, Comptroller of the University of Nebraska, and C. A. Donaldson, Business Manager of the University of Nebraska, be and are hereby authorized to make all necessary arrangements for the sale of said real estate at public auction.

Continued

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