18 PROCEEDINGS OF THE TRUSTEES.
Resolved, That all gifts exceeding five hundred dollars to
any institution shall be appropriated for some special purpose,—
that being in accordance wTith the principles adopted by the
Board,—and that the beneficiaries of the Fund receiving
" Student Aid " shall in all cases, if practicable, be pledged to
make use of their education and knowledge among the people
of their own race in the South.
Other Contributions Expected.
On motion of Mr. Dodge, it was
Resolved, That, in the opinion of the Board, in all cases
where appropriations are made to schools, colleges, or institu-
tions for other purposes than " Student Aid," it is particularly
desirable to make such appropriations dependent upon a like
or larger sum being raised for the same specific purpose by
the parties interested.
No Appropriation for the Payment of Debts.
It Avas further
Resolved, That no money appropriated by the General
Agent be used for the payment of debts due by institutions
aided by this Fund; and that no money be appropriated to
institutions that are not, with good reason, believed to be on
a permanent basis.
The Auditing Committee presented their report,
and the same was ordered to be recorded on the
The Board then adjourned.