Excerpt from Virginia Agricultural and Mechanical College: Its History and Organization
Messrs. Black, Cowan and Cloyd were appointed a committee to see whether a suitable farm for the use of the college could be purchased, and on what terms, and report at the next meeting.
The Board adjourned on the 26th of March, to meet at the Montgomery White Sulphur Springs on the 18th of July, at which time and place the trustees of Preston and Olin Institute were requested to meet the Board prepared to execute all proper conveyances of that property, provided the county of Montgomery should have complied with the provisions of the act.
In pursuance of the resolution adopted at the session in Richmond, the Board convened at the Montgomery White Sulphur Springs on the 18th of July, and continued in laborious session for three days. All the members were present, to wit: Messrs. Black (Rector), Governor G. C. Walker, W. H. RufFner, Superintendent of Public Instruction, J. G. Taylor, Attorney-General, Lewis E. Harvie, President of the Virginia Agricultural Society, D. C. DeJarnette, John Goode, Jr., J. R. Anderson, W. T. Sutherlin,"Robert Beverly, Joseph Cloyd, W. A. Stuart and J. T. Cowan.
At an early stage of the proceedings, the report of the Committee on Organization, which is hereafter given in full, was called for and read.
The Executive Committee of the Virginia Agricultural Society, and the trustees of Preston and Olin Institute, who were on the ground, were invited to be present during the reading of this report.
Mr. A. Phlegar, of Christiansburg, appeared as the representative of the Board of Supervisors of Montgomery county, and furnished evidence that the county had complied with the conditions required by the act of Assembly approved March 21, 3872, entitled "An act to authorize subscriptions in aid of the Virginia Agricultural and Mechanical College at Blacksburg," by voting the requisite $20,000 by a large majority, and that said subscription would be paid in eight equal annual installments, falling due on the 1st day of each January, with accrued interest, beginning with January, 1873, bearing interest from July 1, 1872, and secured by coupon bonds. Mr. Phlegar having made a formal tender of this subscription to the Board, on motion of Mr. Goode, the subscription thus made and tendered was unanimously accepted as a full compliance with the conditions required by law.
A deed of conveyance of the property of Preston and Olin Institute was made in due form.
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