Word: nets
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Dates: during 1900-1909
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...will of the late Gordon McKay, which was filed for probate last November, was allowed without contest on Monday by Judge Robert Grant '73 in the Suffolk Probate Court. By the terms of the will, eighty per cent of the net annual income of the estate, which has a value of about $890,000, is to be set aside and invested by the trustees, after certain annuities amounting to $48,000 have been paid. When this income, with its accretions, amounts to $1,000,000, it is to be paid to the University to form the Gordon McKay endowment...
...Trusts of Today," Gilbert Holland Montague. New York, 1904. McClure, Phillips & Co. $1.20 net...
...second half Souther shot a goal after two minutes of play: then with only one minute left to play Behr scored Yale's third goal. No more scoring was done until after seven minutes of play in the third extra period when Clothier made a clean shot into the net, winning the game...
...conditions on which this bequest is to be made is that "the net income of the Endowment be used to promote applied science; first, by maintaining professorships, workshops, laboratories, and collections for all of those scientific subjects which have applications useful to man; and second, by aiding meritorious and needy students in pursuing those subjects...
...estimated that it will take from five to ten years for the eighty per cent of the net income, which is at present the share of the University, to accumulate to the sum of a million dollars. It will therefore be some time before the University receives anything. Eventually, however, a very large sum will be turned over to the Corporation...