 | Board of Visitors minutes May 21, 1948 |  |
TAVERN CLUB
Visitors: Messrs. Martin B. Hiden, Jr. and Adolphus W. Hawkins, Jr.
Mr. Hiden, speaking for the Tavern Club, outlined the type of club which the students desire
to build, displaying architectural drawings of the proposed building. The Tavern Club backers proposed
to finance the Club by a $100,000 first mortgage to be sold to the banks, plus a $100,000 second mortgage
to be sold to individuals in small amounts. Mr. Anderson expressed some doubts as to the feasibility
of such a method of financing the project.
The Board thanked Messrs. Hiden and Hawkins for their presentation and requested them to explore
further the possibilities of financing their building and to report to the Board at its next
meeting.
| Board of Visitors minutes May 21, 1948 | |