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^[[Complete]]

[[underlined]] ANNUAL REPORT [[/underlined]]
For the Period from April 1, 1948 to April 1, 1949
of the 
[[underlined]] BOARD OF TRUSTEES [[/underlined]]
of the
MUSEUM OF THE AMERICAN INDIAN, HEYE FOUNDATION 
to
[[underlined]] GEORGE G.HEYE, GRANTOR [/[underlined]]

In compliance with the provisions of Subdivision 10 of Article III of the Foundation Deed, dated May 10, 1916.