Memorial Day Weekend AUCTION
Lambuth University


Saturday, May 28, 2011 at 10 a.m.
705 Lambuth Boulevard, Jackson, Tennessee 38301-5280

Located ½ mile west of US Hwy. 45/N. Highland Avenue



Stevens Auction Company is pleased to announce an auction to sell the personal property of Lambuth University. This auction will be comprised of a wide variety of merchandise from the University’s 168-year history, including magnificent antiques and works of art.

What is now Lambuth University, began in 1843 as a small but significant institution of higher learning for the women of the Jackson and Memphis, Tennessee area, founded by the Memphis Annual Conference of the Methodist Episcopal Church. After eighty years of outstanding service to women, men were allowed to enroll in the institution, broadening Lambuth’s educational reach and community impact. Through steadfast stewardship of early leaders of the new co-educational institution, Lambuth continued to expand not only its campus size but also its athletic activities and academic offerings—including one of the few Planetariums in the South.

Though small, Lambuth continued as a top liberal arts university in the region, even through the tough economic times following the 2008 financial crisis. In the face of the University’s financial struggles through 2009 and 2010, faculty and staff resolutely endured weeks—sometimes months—without pay, all in a bid to provide administrators and trustees with an opportunity to find a solution to the University’s fiscal woes. Faculty and staff worked tirelessly to give breath to Lambuth’s educational heritage and breadth to the ever-expanding knowledge of its students. However, despite the dedicated and unyielding efforts of faculty, staff, and students, in April of this year, trustees voted to close this storied institution, effective June 30, 2011.

Proceeds from this sale will be used to help faculty and staff provide educational services for a projected 77 summer 2011 graduates. Sales will ensure that the faculty, staff, and students who have fought so diligently for the school they love, will be able to end their tenure with integrity, and with the respect founded in the unfading echoes of all those who have been a part of Lambuth University’s historical record.

The auction will be held in the air-conditioned comfort of the Student Union Building on May 28th, beginning at 10 a.m. The open house preview will be on Friday, May 27, 2011, 10:00 a.m. to 7:00 p.m. and again, beginning at 8:00 a.m. on auction day. For auction information and photos of the items to be offered, please go to our website: www.stevensauction.com. For information not found online or for a free brochure, call our office at (662) 369-2200 or e-mail us at stevensauction@bellsouth.net. Phone bids are always welcome with advanced arrangements. Refreshments will be available on auction day.

Terms: Cash, All major credit cards or pre-approved check. All sales final with no warranty expressed or implied. Announcements made day of auction take precedence over all written material. A 12% Buyers Premium charged on the total purchase price, with a 2% discount for Cash, Business/Personal Checks, with proper I.D., or Wire Transfer. A 7% sales tax will be charged on all merchandise sold. The only exception is for those with a valid & verifiable state resale number. For out of state buyers: you must have a copy of your tax certificate or other proof that you are a tax-exempt business owner/agent. Not responsible for accidents.

STEVENS
AUCTION COMPANY
John Dwight Stevens, Auctioneer
MS A.L. #349; TN A.L #6042

Check Back Often for Additional Photos of Items and Additional Information in the
Closing of this Historical Institution.