Danville, Ky. March 18, 1895
The Board of Trustees of Caldwell Female College met at 2nd Presbyterian Church. Present - Gavin E. Wiseman, Alfred B. Nelson, R.P. Jacobs, Henry P. Barley, John J. Craig, Charles H. Rodes & John A. Cheek.
On motion the Chairman of this Board was authorized to sign the corporate name to a note to be given in renewal of the note of this Board held by John J. Craig as Treasurer of the Second Presbyterian Church of Danville, Ky.
On motion the committee consisting of Gavin E. Wiseman and C.H. Rodes with John A. Cheek substituted for W.K. Argo (who has removed from Danville) was continued with authority to meet and negotiate with the Trustees of Centre College, but the results of any negotiations to be reported back to this Board for final action.
On motion the Board adjourned to meet on call of the President.
John A. Cheek, Secretary
Danville, Ky. April 29, 1895
Board of Trustees of Caldwell Female College met in 2nd Presbyterian Church of Danville, Ky. Present - Gavin E. Wiseman, J.B. Caldwell, W.H. Lawwill, Henry P. Bosley, John J. Craig, Joseph M. Wallace, John A. Quisenberry, & John A. Cheek.
The following is a copy of a letter from Miss Lottie A. Campbell.
Danville, Ky. April 29th 1895
Mr. Gavin E. Wiseman, President Board of Trustees Centre College
I desire to apply for a renewal of the lease on the Caldwell College property for two years subject to the following condition. The lease to terminate August 15th, 1896, if I am then in arrears on the rent a single dollar, or secondly if the Board has an opportunity to sell the property of which they wish to avail themselves.
Very Truly, Lottie C. Campbell
On motion Gavin E. Wiseman, President of this Board, was authorized to accept the proposition of Miss Campbell and enter into a written lease with her in accordance with her communication.
The following resolutions were then adopted.
- Be it resolved by the Elders and Deacons of the Second Presbyterian Church of Danville, Ky., in their capacity as Trustees of and managing the property and affairs of Caldwell Female College that it is necessary to borrow five thousand dollars to pay off and liquidate the present indebtedness of said college, and it is now agreed to borrow $2,000 from Stephen Yerkes, $1,000 from Amelia R. Yerkes, and $2,000 from James Fogarty, and said money to be borrowed July 1st 1895 and be secured by mortgage on the real estate of said college on Lexington Street at 6% per annum payable semi annually and to be borrowed for 3 years, but if interest is not paid to capitalize and notes to become due at option of lending, and it is now ordered that Gavin E. Wiseman as President of the Board of Elders & Deacons of said church for and on behalf of said Caldwell Female College and in its corporate name and on the name of the Elders and Deacons of 2nd Presbyterian Church shall make and deliver notes to said parties for said sums and deliver, execute, and acknowledge a deed of mortgage on said real estate to be and said notes and said mortgage to contain a clause of general warranty of title and said notes to be further secured by transfer of policies of insurance.
- Resolved that the President of this Board shall apply the proceeds of this loan to the payment of the debts now held by Dr. Stephen Yerkes, Mrs. A.R. Yerkes, and Misses Kate & Bell Whelan in full of principal and accrued interest on same and to pay the balance to John J. Craig Treasurer of 2nd Presbyterian Church of Danville, Ky., on a note of $1,500 - borrowed money, as authorized at a meeting of this Board held September 13th 1880 and the accrued interest on said note make of which has heretofore been paid.
- Resolved that Gavin E. Wiseman, President of this Board, is authorized to renew the balance of said note due to John J. Craig, Treasurer, and sign to said renewal note the corporate name of this Board.
The Board then adjourned to meet on call of the President.
John A. Cheek, Secretary