Minutes of the North Carolina Conference of the Methodist Episcopal Church, ... Session [serial] 1900

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D. ^^SmitUl Diggs and the Presiding Elders were constituted the pub- lishing committee, The committee appointed by the last session of the Confer- Special Com- ^^ -^ mittee Re- ence on Conference Claimant Fund Investment, made the fol- poi^'^s- lowing report, which was adopted: We, the committee on Conference Claimants, beg to report the result of our work: We find that the amount on hand is S744.74. S644.74 bearing interest at 6 per cent. The interest on $569.74 has not been col- lected for fi...ve years. The interest on $75.00 has not been collected for four years. We recommend that this interest be collected the earliest day possible.
In regard to the notes given by persons holding the amounts above referred to, we consulted Lawyer Bynum, of Greensboro, N.
C. He says that these notes he cannot recommend as good.
$644.74 of this amount is a note made by Bennett College. We were instructed to find out whether this note is safe, and if not, to ascertain what is a good note. Attorney Bynum recommends that a note given by the college signed by the president of the cor- poration holding the college property, with a certificate declaring that this property is not encumbered, is good.


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