The Undersigned submits to your body the following proposition as trustee for Mrs Randolph, viz, he will loan to the University a sum not exceeding twenty five thousand dollars, bearing an interest of six per cent per annum payable semi-annually, irredeemable in twenty years; after that term at the will of the Rector and visitors provided that no payment be less than two thousand dollars, bonds of $500 each payable to the trustee or bearer numbered from 1 upwards, to be given by the proper authorities of the University. Very respectfully