Hobbs v. Board of Education

Redick, District Judge.

This action in equity is brought by Fannie Hobbs and others constituting the board of trustees of Grand Island College, a corporation, for the purpose of obtaining instructions from the district court for Hall county as to the proper disposal of certain funds now in their possession, and called and alleged to be “endowment funds” of said college. These funds came to the plaintiffs under certain contracts, pledges and agreements hereinafter-more particularly described and were kept separate from the general funds of the college under the name of a so-called endowment…