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7 revisions | CYT Students at Jan 21, 2021 10:21 AM | |
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33Special Meeting of The Board of Regents of the University of Nebraska, all assets and property of the trust of Frances Sheldon, deceased, and be further authorized and directed to deliver such executed receipt or receipts to Olga N. Sheldon, successor-trustee, or her attorney, E. A. Cook, Jr. The foregoing resolution was moved by Regent Thompson, and seconded by Regent Elliot, and unanimously carried. From Mr. Earl Cline, attorney for the Board of Regents, comes a Resolution prepared by Mr. Cline in references to the sale of Real Estate in the Frances Sheldon estates, investment and re-investment of cash or other assets and the completion or making of government loans on crops produced on the farms held in the Frances Sheldon estate. It was moved by Regent Swanson, seconded by Regent Elliot, motion put to vote and carried, directing the following Resolution be approved: RESOLUTION Resolution re termination of trust of Frances Sheldon Estate WHEREAS, Frances Sheldon, deceased, left a Last Will and Testament, by the terms of which she devised and bequeathed all of her property in trust to her brother, A. B. Sheldon, as trustee, and further provided that upon the death of her brother, the said trust should terminate, and the proceeds of the trust estate and the accumulated income should be paid to The Board of Regents of the University of Nebraska, to be used by it in constructing and equipping, upon the down-town campus of the University of Nebraska, a gallery for the purpose of housing the collection of painting, sculpture, and other works of art owned by the University of Nebraska and the Nebraska Art Association, and similar collections, and further provided that the gallery should be used and maintained by the University of Nebraska solely for that purpose, and WHEREAS, A. B. Sheldon, trustee, is now deceased, and Olga N. Sheldon, as successor-trustee, has filed in the County Court of Lancaster | 33Special Meeting of The Board of Regents of the University of Nebraska, all assets and property of the trust of Frances Sheldon, deceased, and be further authorized and directed to deliver such executed receipt or receipts to Olga N. Sheldon, successor-trustee, or her attorney, E. A. Cook, Jr. The foregoing resolution was moved by Regent Thompson, and seconded by Regent Elliot, and unanimously carried. From Mr. Earl Cline, attorney for the Board of Regents, comes a Resolution prepared by Mr. Cline in references to the sale of Real Estate in the Frances Sheldon estates, investment and re-investment of cash or other assets and the completion or making of government loans on crops produced on the farms held in the Frances Sheldon estate. It was moved by Regent Swanson, seconded by Regent Elliot, motion put to vote and carried, directing the following Resolution be approved: |