302

Special Meeting
July 9, 1959

The adoption of said resolution was moved by Regent Adkins, seconded by Regent Welsh, and unanimously carried.

Resolution authorizing release of mortgage of Mary Shada, mortgage received in Sheldon estate

R E S O L U T I O N

WHEREAS, Mary Shada executed a promissory note, secured by mortgage, to A. B. Sheldon, Trustee Under the Last Will and Testament of Frances Sheldon, deceased, and the amount due thereon has now been paid and a release should be executed releasing said mortgage;

NOW, THEREFORE, BE IT RESOLVED that Clarence E. Swanson, President of theBoard of Regents of the University of Nebraska, shall execute and deliver a release of said mortgage recorded in Book 115 of Mortgages on Page 68 in the Office of the Register of Deeds of Dawson County, Nebraska, said mortgage covering Lot 12 in Block 47 in the Original Town of Plum Creek, now City of Lexington, and that Joseph Soshnik, Assistant Corporation Secretary of the Board of Regents shall attest the execution of the same and affix thereto the corporate seal of the Board of Regents of the University of Nebraska, a corporation.

The foregoing Resolution was moved by Regent Elliott, and seconded by Regent Adkins, and put to vote and unanimously carried.

Resolution authorizing release of mortgage of Nicholas J. Shada, received in Frances Sheldon estate

R E S O L U T I O N

WHEREAS, as a part of the assets of the Frances Sheldon Trust, the Board of Regents of the University of Nebraska has received from Olga N. Sheldon, Successor Trustee, a note duly endorsed in the sum of $2,500.00, payable in payments as therein provided, signed by Nicholas J. Shada and Daisy Shada, secured by a mortgage on the following described real estate, recorded in Book 120, Page 609 of Mortgage Records of Dawson County, Nebraska:

All of Lots 7 and 8, Block 60, Original Town of Lexington, Dawson County, Nebraska;

and

WHEREAS, said mortgage was duly assigned to the Board of Regents by Olga N. Sheldon, Successor Trustee, recorded in Mortgage Record No. 119, Page 648, Dawson County, Nebraska; and

WHEREAS, the makers of said note desire to secure a new loan on said real estate and desire to make payment of said note and interest in full; and

WHEREAS, under the provisions of the Last Will and Testament of Frances Sheldon, deceased, the proceeds of the trust estate and the accumulated income are required to be used by The Board of Regents of the University of Nebraska in constructing and equipping upon the down-town campus of the University of Nebraska in Lincoln, a gallery for the purpose of housing paintings, sculpture and other works of art owned by the University, the Nebraska Art Association and similar collections; and

WHEREAS, an architect has been secured for the purpose of planning said gallery, and the money due upon the said note, above described, will be required in connection with the construction of said gallery before the due date of said note;

NOW, THEREFORE, BE IT RESOLVED, that the Comptroller of the University of Nebraska be authorized and directed to accept payment in full for the balance due upon said note, above described, and upon payment of such balance, including interest due thereon, in full, that the Comptroller be authorized and directed to cancel said note and mark the same "Paid", and deliver said note to the makers thereof.

Special Meeting
July 9, 1959

The adoption of said resolution was moved by Regent Adkins, seconded by Regent Welsh, and unanimously carried.

Resolution authorizing release of mortgage of Mary Shada, mortgage received in Sheldon estate

R E S O L U T I O N

WHEREAS, Mary Shada executed a promissory note, secured by mortgage, to A. B. Sheldon, Trustee Under the Last Will and Testament of Frances Sheldon, deceased, and the amount due thereon has now been paid and a release should be executed releasing said mortgage;

NOW, THEREFORE, BE IT RESOLVED that Clarence E. Swanson, President of theBoard of Regents of the University of Nebraska, shall execute and deliver a release of said mortgage recorded in Book 115 of Mortgages on Page 68 in the Office of the Register of Deeds of Dawson County, Nebraska, said mortgage covering Lot 12 in Block 47 in the Original Town of Plum Creek, now City of Lexington, and that Joseph Soshnik, Assistant Corporation Secretary of the Board of Regents shall attest the execution of the same and affix thereto the corporate seal of the Board of Regents of the University of Nebraska, a corporation.

The foregoing Resolution was moved by Regent Elliott, and seconded by Regent Adkins, and put to vote and unanimously carried.

Resolution authorizing release of mortgage of Nicholas J. Shada, received in Frances Sheldon estate

R E S O L U T I O N

WHEREAS, as a part of the assets of the Frances Sheldon Trust, the Board of Regents of the University of Nebraska has received from Olga N. Sheldon, Successor Trustee, a note duly endorsed in the sum of $2,500.00, payable in payments as therein provided, signed by Nicholas J. Shada and Daisy Shada, secured by a mortgage on the following described real estate, recorded in Book 120, Page 609 of Mortgage Records of Dawson County, Nebraska:

All of Lots 7 and 8, Block 60, Original Town of Lexington, Dawson County, Nebraska;

and

WHEREAS, said mortgage was duly assigned to the Board of Regents by Olga N. Sheldon, Successor Trustee, recorded in Mortgage Record No. 119, Page 648, Dawson County, Nebraska; and

WHEREAS, the makers of said note desire to secure a new loan on said real estate and desire to make payment of said note and interest in full; and

WHEREAS, under the provisions of the Last Will and Testament of Frances Sheldon, deceased, the proceeds of the trust estate and the accumulated income are required to be used by The Board of Regents of the University of Nebraska in constructing and equipping upon the down-town campus of the University of Nebraska in Lincoln, a gallery for the purpose of housing paintings, sculpture and other works of art owned by the University, the Nebraska Art Association and similar collections; and

WHEREAS, an architect has been secured for the purpose of planning said gallery, and the money due upon the said note, above described, will be required in connection with the construction of said gallery before the due date of said note;

NOW, THEREFORE, BE IT RESOLVED, that the Comptroller of the University of Nebraska be authorized and directed to accept payment in full for the balance due upon said note, above described, and upon payment of such balance, including interest due thereon, in full, that the Comptroller be authorized and directed to cancel said note and mark the same "Paid", and deliver said note to the makers thereof.