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Report of the North Carolina Park Commission

items 41 of 62 items
  • wcu_great_smoky_mtns-2887.jpg
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  • ROCKEFELLER AGREEMENT If the said Arno B. Cammerer or his successor shall for any reason cease to be the Assistant Director of the National Park Service or the nominee of the Director of the National Park Service, or the said David C. Chapman or his successor shall for any reason cease to be the Chairman of the Tennessee Great Smoky Mountains Park Commission, or the said Mark Squires or his successor shall for any reason cease to be the Chairman of the North Carolina Park Commission, then in each and every such case he shall cease to be a Trustee hereunder and a vacancy shall be created which shall be filled as hereinafter provided. Any vacancies among the said Trustees shall be filled as follows: (1) Each successor to the said Arno B. Cammerer shall be the nominee for the time being of the Director of the National Park Service; (2) Each successor of the said David C. Chapman shall be the Chairman for the time being of the Tennessee Great Smoky Mountains Park Commission; (3) Each successor to the said Mark Squires shall be the Chairman for the time being of the North Carolina Park Commission. The nomination of each successor_to the said Arno B. Cammerer shall be made in writing addressed to you at.thepSp,ove adareis and signed by the Director of the Na- _ . Western Uarolina University tional Park Service. T_r , T., flunter Library The said Arno B. Cammerer or his successor, shall act as Chairman of the said Committee. No payments from the said fund shall be made by you for either the services or expenses of the Trustees or any of them hereunder. Interest on the said fund and such part thereof as may from time to time be still in hand shall be paid to us monthly at the rate of 2 percent per annum, and any balance remaining in the said fund on December 31, 1930, with interest thereon to that date at the same rate, shall be paid to us without other right or claim of any kind or character thereto. From time to time on our request you will loan the said fund, or any part thereof designated by us, in the New York call loan market at the ruling rate, without liability to you except for you own willful act or neglect, and pay to us monthly the interest received from the call loans so made, less the usual trust company commission for making such loans. We will also pay to you the sum of $2500. as a fee for your services hereunder. You will make to us on the fifth day of July, October, January and April in each year, a full statement of the condition of the fund on the last day of the preceding month, giving disbursements made and income received since the last statement. All payments from the said fund of $5,000,000. made on the requisition of the Trustees shall be accompanied by directions from you that the moneys so paid shall be used only in defraying the cost of the acquisition of lands and property rights in the area approved by the United States Government for the establishment of the Great Smoky Mountains National Park. You will be under no obligation in connection with the use made of the moneys so paid. The Trustees will from time to time obtain and deliver to you from the Treasurers of the North Carolina Park Commission and the Tennessee Great Smoky Mountains Park Commission audited financial statements of all transactions of the said Commissions respectively, and such audited statements shall be open to our inspection at any time so 41
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Object’s are ‘parent’ level descriptions to ‘children’ items, (e.g. a book with pages).

  • This North Carolina Park Commission Report was completed at the close of 1939 and submitted to North Carolina Governor Clyde R. Hoey. The 62-page publication, compiled for the Commission by Albert H. Blake, begins with a letter to the governor reporting that all of the land on the North Carolina side of the park has been purchased and conveyed to the federal government. The report includes an auditor’s report, information about the Rockefeller fund, and a copy of the 1927 law that brought the commission into being. The report includes lists tracts of land, family names, and values paid for purchase. W.W. Neal was chairman of the commission at the time and G.F. Hankins was secretary.