I have some better infor. on the Colbert Institute O.H.S. Vol 76 by Bill Tinsley--#4 winter, 1998-99.
The (building) were repaired to the extent that classes could be conducted,and Joshua Hightower was placed in charge of the school in 1868.He remained for only a short time,and George W Bradley became superintendent of Colbert after coming to Pontotoc in 1869. While students attended classes in the Institute buildings durning the day,they had to be boarded at various homes near the school.The dormitory building eventually was brought into use. Colbert A Burris was in charge of the boarding house ,while his wife Laura Burris taught at the school. Bradley remained in charge of the Colbert Institute until it was again destroyed by fire. The dormitory building burned in 1874 and the education building in 1880.With Colbert Institute no longer in existance,it became obvious that a new boarding school was needed in the area.Through the efforts of Judson D. Collins and Humphrey Colbert,--Son of Winchester Colbert) Collins Institute was built------------about one and one-half miles southwest of the former school site.}

(East Half,Section twenty,Township Two North,Range Seven East)Collins school,--- pg-438
I don't know were that school was it for sure