Administrative Papers, folder 007

heirs Exs Adms assigns from any person or persons whatsoever lying any just claim or right or title thereunto, In Witness whereof I have hereunto Interchangable set my hand and affixed my seal this day and year above written

Signed sealed and delivered in the presence of William Kirby William Griffin ^X his mark^

Robert Cobb [the word "seal" with curlicue circle drawn around it]

Chatham County Feby. Session 1797.

The execution of this Deed was duly proved in Open Court by the oath of William Griffin a subscribing witness & ordered to be registered.

Test. John Ramsey, C.C.

A true copy from the records of the registers office Book I page 7. & 8. Aug the 29th 1854

Test A Gunter?? Reg. By W. F. Gunter D. A.

/note on bottom margin/ [original in oversized papers]

Robert Cobb To Francis Jones

?? recd from the Difendant. Agst 24th 1854

/written on bottom margin/ 40

April 17th 1794

The Trustees of the University now in Hillsborough

Gentlemen

At the last General Meeting of the board of Trustees; an Ordinance was passed authorising & directing the Treasurer, after deducting the Sum of £3250 - appropriated for carrying on the buildings, to vest, the balance remaining in his hands, together with such sums as might come into his hands, before the next Annual Meeting of the board, in the Six percent stock of the funds of the United States, at a price not exceeding the specie par value -

In obedience to this Ordinance I have endeavoured to obtain draughts on some of the Mercantile Citys to the North by which I might be enabled to purchase stock - but hitherto without success - And of Late it has been suggested to one by some Gentlemen on whose Judgement I have great reliance, that considering the present critical situation of Public affairs, it would be Imprudent /[begin strikethrough] at this time [end strikethrough] to lodge the money of the University in the Public funds - On considering

ing the Ordinance I observe that I have no discretionary power & if I had, I am not sufficiently acquainted with the subject to determine with satisfaction to myself what I ought to do I have therefore thought proper to request the advice of the Trustees now present

With much respect I am Gentlemen Your Most obed Servt Walter Alves Treasurer to the board of Trustees

[[Hillsborough, North Carolina|Hillsborough]] April 17th 1794