Chronicles of Notre Dame du Lac
Edward Sorin, CSC -- Translated by John M. Toohey, CSC, 1895

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1859

pg 364       Congregation the property known as "St. Mary's University" for the 
             sum of $60,000 payable in twelve instalments of $5000, without 
             interest, and as surety for the payment of this sum, the 
             Provincial of the society in the United States signs twelve 
             separate notes and gives a mortgage on all the property thus 
             acquired to the society, one half of which is transferred 
             unconditionally and the other half expressly for a special object, 
             namely, education.
                  It is understood and agreed between the two contracting 
             parties that if any portion of said property shall be ever sold by 
             the Congregation of Holy Cross, a sum shall be refunded to the 
             ordinary at a pro rata of $15,000 on the first part or portion, 
             today valued at $45,000.
                  This 28th day of may, 1856
             (Signed)                    +Anthony O'Regan
                                          Bp. of Chicago
                          E. Sorin, Prov.
                  This decision once terminated, Mgr. O'Regan promised to have 
             drawn up without delay the papers necessary for the consummation 
             of the transaction, and in particular to call together the legal 
             officers of the university to obtain their consent in writing to