"Resolved, That the proper officers of the College proceed at once to raise $5,700, and if it be necessary, they be authorized to create a lien upon the property referred to, to secure the payment of principal and interest, and the Financial Secretary be instructed to pass over the amount thus raised to the Building Committee, to be used by them in liquidating the obligations created in the erection of the hall."
Accompanying this report was the following paper:
"ASHLAND, VA., June 27, 1872.
"In consideration of $5,700 to be advanced by the Board of Trustees of Randolph-Macon College, the Washington and Franklin Societies will undertake and pledge themselves to use their best efforts to pay $1,000 annually upon the principal until the whole amount is liquidated, interest to be paid by the Board of Trustees. It is understood and agreed that if the Board of Trustees should find it necessary to create a lien upon the property to raise the amount so advanced, they will not in any way bind the furniture of the two Societies.
[Transcribers' Note: In the original text, the names of those belonging to each society were bracketted, and "Committee F. L. S." and "Committee, W. L. S." appeared on the right-hand side of the page, beside their respective brackets.]
Committee F. L. S.
(Signed)
"J. W. LAMBERT,
"F. C. WOODWARD,
"R. E. BLACKWELL,
Committee W. L. S.
(Signed)
"CHARLES CARROLL,
"HERBERT M. HOPE,
"W. B. PAGE,
"H. C. PAULETT,
"JOHN M. BURTON,"
[Illustration: WASHINGTON HALL, Randolph-Macon College.]