Cogswell Dental College.

This College was founded and endowed by the munificence of Dr. H. D. Cogswell, of San Francisco. The character and conditions of the endowment may be better understood from the following deed, which has been duly executed, recorded, attested, and approved :

DEED BETWEEN H. D. COGSWELL AND THE REGENTS OF THE UNIVERSITY OF CALIFORNIA.

This indenture made the nineteenth day of May, in the year of our Lord eighteen hundred and seventy-nine, between Henry D. Cogswell, of the City and County of San Francisco, State of California, the party of the first part, and The Regents of the University of California, an institution duly created, organized, and existing under the laws of the State of California, and by said laws placed under the charge and control of a Board of Directors known and styled as the Regents aforesaid, the parties of the second part, witnesseth: That the said party of the first part, for and in consideration of the sum of five dollars, to him in hand paid by the said parties of the second part, the receipt whereof is hereby acknowledged, hath bargained and sold, and by these presents doth bargain and sell forever unto the said parties of the second part and their successors, all that certain lot, piece, or parcel of land situate, lying, and being in the City and County of San Francisco, State of California, and particularly described as follows, to wit: Commencing at a point on the easterly line of Front Street, distant sixty (60) feet northerly from the northeast corner of the intersection of Front and Jackson Streets, thence northerly along said easterly line of Front Street sixty (60) feet to Clark Street, thence at right angles easterly and along the southerly line of Clark Street eighty-five (85) feet to and including the brick wall and the land on which stands the wall which now constitutes the rear or easterly wall of the building erected on the premises hereby conveyed, provided that said wall now is and shall remain forever a party wall between the premises hereby conveyed and the lot of land with its appurtenances lying to the east of the said premises, and if and when the said building is increased in hight as hereinafter provided, the rear or easterly wall thereof, so far as built up to a greater hight, shall also constitute a party wall between the said premises and the said lot to the east thereof, without being chargeable to the latter for any part of the cost of erecting it, thence at right angles southerly and parallel with Front Street sixty (60) feet, thence at right angles westerly

and parallel with Jackson Street eighty-five (85) feet to the easterly line of Front Street and point of commencing.

Together with all and singular the hereditaments and appurtenances thereunto belonging or in anywise appertaining; and the reversion and reversions, remainder and remainders, rents, issues, and profits thereof, and also all the estate, right, title, interest, claim, or demand whatsoever of him, the said party of the first part, either in law or in equity of, in, and to the above bargained premises and every part and parcel thereof.

To have and to hold all and singular the said hereinbefore granted and demised premises, with the appurtenances, unto the said parties of the second part and their successors forever, upon the trusts, nevertheless, and to and for the uses, interests, and purposes hereinafter limited, described, and declared, to wit:

1st. Until the improvement and enlargement of the building erected on said premises, to be made as hereinafter mentioned, the said parties of the second part shall at all times and continuously, in consideration of this conveyance, demise, let, and furnish unto the "Cogswell Dental College of the University of California,” all and singular the second story of the brick building situated in said premises as it now exists, or so much thereof as the Faculty of said Dental College may require, except the portion thereof which is demised to said party of the first part by an indenture of lease of even date with these presents, to be used by said Dental College for the purpose thereof, and subject to such changes or alterations in the arrangement and partitioning of the said rooms as the Faculty of the said Dental College may deem it proper to make; provided, that when the said parties of the second part shall have made and completed the said improvement and enlargement for the said building, as hereinafter mentioned, then and thenceforth they shall demise, let, and furnish unto the said "Cogswell Dental College" one entire story in the said building for the exclusive use and purposes of the said College, said story to be selected by the Faculty of said College, and if the said parties of the second part in their discretion should deem it advisable, they shall furnish the said Dental College, gratuitously, with so much more room in the said building, beside the said story thereof, as they shall deem needful for its uses and purposes.

2d. That the parties of the second part shall use all proper efforts to rent or demise all the rest and residue of the said building, including the stores on the first floor thereof, to suitable tenants, for the highest and best rents that can be obtained therefor, and that after paying out of said rents the necessary expenses connected therewith, and with the maintenance and preservation of the said building, they shall employ the remainder, to wit: the net amount thereof, as an accumulation fund, which fund and interest thereof, if they shall be able to obtain interest on the same or any portion

of it, shall be kept augmenting until it has attained an amount or aggregate sum sufficient to enable the said building to be improved and enlarged by the addition of three new brick stories thereto; that is to say, two full stories and such third story or half story as shall be afforded by a Mansard roof, which shall by them be placed on said building, and the said improve ment and elevation, and any corresponding improvement in the portion of the building already erected, shall be made in such form and with such regard to finish, quality, and character of ornament as shall seem to the said parties of the second part best adapted to further and fulfill the purposes of the party of the first part in the creation of the said trust; provided, that the stone tablet, with the inscription "Cogswell's Building, 1859,” shall be permanently retained upon and constitute a visible portion of said building.

3d. That it may be at all times lawful and proper for the said parties of the second part, in order to facilitate and expedite the aforesaid enlargement and improvement of said building, to hypothecate and pledge the future rents thereof, as well those arising from the said building in its present form, as those which may ensue from the new portions of said building so to be superadded as and for a means of securing and paying for the cost of the said improvement, by obtaining a loan of money sufficient for that purpose, to repay which loan with interest said rents may be by the parties of the second part pledged and hypothecated; and in case said loan is effected it shall be the duty of the parties of the second part to repay the same, with the interest thereof, out of the first net rents received by them, and before employing the said rents or any part thereof, for any of the other trusts herein created and specified; provided, that the said party of the first part, H. D. Cogswell, shall have the first option or choice of making the said loan, and taking the said security therefor.

4th. After the building has been enlarged and completed as aforesaid, the said parties of the second part shall provide and furnish in perpetuity one entire story thereof to the said Dental College, and so much more of the room therein as they may deem needful, and as hereinbefore specifically provided.

5th. All the rest and residue of the said building, except that portion thereof which is demised to said party of the first part by an indenture of lease of even date with these presents, shall be let and rented by the said parties of the second part to suitable tenants for the highest and best rents that can be obtained therefor, and out of the net receipts from the said rents, after paying the necessary expenses connected therewith, and when said receipts become sufficient for that purpose, up to which period they shall be accumulated, if necessary, so as to constitute a fund in furtherance of the same object, they shall be appropriated by the said parties of the second

part to the payment of a monthly amount or sum of $300, or $3,600 per annum, for the establishment and maintenance of a Chair in the said University, which it is the further object of these trusts to create and endow, to be known and designated as the "Cogswell Chair of Moral and Intellectual Philosophy," and said sum shall be so appropriated in perpetuity or so long as the said parties of the second part shall be enabled to realize the same from the sources aforesaid.

6th. After appropriating the rents of the said premises as aforesaid, the parties of the second part shall appropriate such further net proceeds as shall result therefrom, one-half to the said Dental College, for the uses and purposes thereof, and one-half to the said parties of the second part, to be used in and under their discretion, as a means of contributing to the support and maintenance of such students in the said University as, from their lack of pecuniary ability, are incapable of supporting themselves during the period of a collegiate course, and who would otherwise for such reason be unable to obtain the benefit of an education in the said University; provided, that when such further net proceeds amount to the sum of $600 per annum, the one-half thereof, namely, $300, is to be appropriated to the said Dental College as aforesaid; then and thereafter all the increase of the said net proceeds over and above the said sum of $600 shall be appropriated by the said parties of the second part to the full extent to which the amount thereof may increase at any time hereafter to the same object as that hereinbefore last above mentioned, to wit: to the support or maintenance of such students as from their said lack of pecuniary ability are incapable of supporting themselves during the period of a collegiate course, and who would otherwise for such reason be unable to obtain the benefit of an education in the said University, which fund last mentioned shall be known and designated as the "Cogswell Students' Relief Fund;" and provided further, that if at any time hereafter, in the discretion of the said parties of the second part, it shall be deemed desirable to use the said net proceeds over and above the said $600, or any part of said net proceeds, for the purposes of said Dental College, either to pay for the services or salary of professors or lecturers, or to render the tuition in said College free and gratuitous, or for both of said objects, it shall and may be lawful for them so to do, and these trusts are upon the express condition that they may exercise, at all times, the said discretion, and so appropriate the said proceeds, or any part thereof, it being the wish of the said party of the first part that the said Dental College should be brought, by the parties of the second part, to as high a degree of character, scholarship, standard of tuition, and efficiency as exists in any similar institution.

7th. That the said premises hereinbefore conveyed, and their extension and enlargement and the accumulation derived therefrom, shall constitute