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9 revisions | CYT Students at Jan 21, 2021 09:43 AM | |
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32Special Meeting the following property in the Frances Sheldon estate to Mr. Philip Cler for the sum of $64,000.00: Approve sale farm to Mr. Phillip Cler Northeast Quarter (NE1/4) of Section Thirty-one (31) in Township Eleven (11) North, Range Twenty-five (25) West of the 6th P.M. in Dawson County, Nebraska; subject to right-of-way conveyed to the Thirty Mile Canal Company for irrigation canal and laterals by deeds recorded in Book 75, pages 54 and 55, and in Book 90, Page 309 of the Deeds Records of Dawson County, Nebraska; and subject to any existing easements and to established public roads. From the Business Manager, Mr. Carl A. Donaldson, comes a recommendation that the Thomson Service Agency of Cozad be designated by the Board of Regents to handle the sale of the four remaining farms in the Frances Sheldon estate, it being stated that Mr. Thomson has offered to handle the sale of those properties for a Commission of 2 1/2% of the gross sale price. Approve Thomson Service Agency, Cozad, to sell four farms in Frances Sheldon Estate. It was moved by Regent Thompson, seconded by Regent Elliot, motion put to vote and carried, directing that the Thomson Service Agency of Cozad, Nebraska, be employed to handle the sale of the four remaining farms in the Frances Sheldon estate, with the understanding, however, that these sales shall not be on the basis of a public auction and further that the farm adjacent to Kearney, Nebraska, shall not be listed for sale at the present time. From the Business Manager, Mr. Carl A. Donaldson, comes a recommendation that Mr. Carl E. Faught be employed to act as manager of the remaining farms in the Frances Sheldon estate until such time as these farms are sold. Mr. Carl E. Faught employed as manager of farms in Frances Sheldon Estate Mr. Faught has been in charge of the Sheldon properties for the last twenty years and is generally considered to be highly competent in the field. Mr. Faught will handle management of the properties for a commission not to exceed 5% of the gross income. It was moved by Regent Welsh, seconded by Regent Swanson, motion put to vote and carried, directing that Mr. Carl E. Faught of Lexington, Nebraska, be employed to act as business manager for the farms in the Frances Sheldon estate until such time as these farms sold. From Mr. Earl Cline, attorney for the Board of Regents, comes a Resolution prepared by Mr. Cline regarding the transfer of the assets of the trust estate of the Frances Sheldon Trust to the Board of Regents of the University of Nebraska and the execution of receipt therefor. The following Resolution was considered by the Board and unanimously approved: RESOLUTION Resolution accepting assets of Frances Sheldon Estate WHEREAS, Olga N. Sheldon, successor-trustee under the trust created by the Last Will and Testament of Frances Sheldon, deceased, desires to turn over, from time to time, various assets of the trust estate to the Board of Regents of the University of Nebraska, final beneficiary of said trust, and | 32Special Meeting the following property in the Frances Sheldon estate to Mr. Philip Cler for the sum of $64,000.00: Approve sale farm to Mr. Phillip Cler Northeast Quarter (NE1/4) of Section Thirty-one (31) in Township Eleven (11) North, Range Twenty-five (25) West of the 6th P.M. in Dawson County, Nebraska; subject to right-of-way conveyed to the Thirty Mile Canal Company for irrigation canal and laterals |