$1.00 to $3.50 per one quarter of a year. On April 30, 1821, the Territory of Michigan passed a new act changing materially the appearance, and slightly the nature of the existing educational organization. A board of trustees was appointed to oversee the corporation; the positions of president and vice president were eliminated, and Monteith and Richard were appointed to the board. The University of Michigan took the place of the Catholcpistemiad Michigania as the legal name of the corporation. After the State of Michigan entered the Union in 1837, the new state's early constitution granted the university an unusual degree of autonomy as a “coordinate branch of state government”. It delegated full powers over all university matters granted to its governing Board of Regents. On June 3–5, the Board of Regents held its first meeting in Ann Arbor and formally accepted the proposal by the town to locate the university there. The town of Ann Arbor had existed for only 13 years and had a population of about 2,000. The original was the basis of the present Central Campus. This land was obtained through the Treaty of Fort Meigs. Since the founding period, the private sector has remained the primary provider of university financing to supplement tuition collected from students. Early benefactors of the university included businessman Dexter M. Ferry (donor of Ferry Field), Arthur Hill (regent, donor of Hill Auditorium), the Nichols family (regents, donors of the Nichols Arboretum), William E. Upjohn (donor of the Peony Garden), William P. Trowbridge, John S. Newberry, who funded the construction of Helen H. Newberry Residence, and Henry N. Walker, a politician who led a group of prominent Detroit businessmen to fund the Detroit Observatory. Clara Harrison Stranahan, a close friend of Scottish-American industrialist Andrew Carnegie, donated $25,000 to the university in 1895 as a memorial of her father, Seth Harrison. The Waterman Gymnasium was financed by donations from wealthy citizens and matched Joshua W. Waterman's pledge of $20,000. When opened, the total cost of the building was $61,876.49, to which private donors contributed $49,524.34. In 1838, the Regents contracted with Alexander Jackson Davis, who according to Superintendent John Davis Pierce provided truly "magnificent designs" in the Gothic Revival style; but unfortunately the completion of them at that day would, as Pierce said, involve an expenditure of half a million dollars. Although approving the designs, the tight budget of the fledgling university