| | 1 | Author: | University of Virginia
Board of Visitors | Requires cookie* | | | Title: | Board of Visitors minutes (1898) June 13, 1898  | | | | Published: | 1898 | | | | Subjects: | University of Virginia::Board of Visitors | University of Virginia Library, Text collection | UVA-LIB-Text | | | | Description: | At a regular annual meeting of the Board of Visitors of
the University of Virginia held at the University on the 13th
of June 1898. You may recall that last summer a part of the piece of
real estate owned by the trustees under Mr Austin's will was
taken by the Commonwealth of Massachusetts for park purposes.
This left a small piece of the estate, containing about 5000
square feet, with restrictions against building on a part of
it, thus rendering the lot really unavailable. We have now
received an offer of $800.00 for this piece of land, which we
consider it would be advantageous for the estate to accept.
We have therefore prepared a petition to the probate court
for leave to sell the remainder of the estate. If this meets
with your approval will you kindly sign the assent to the enclosed
petition, and as the purchaser is in something of a
hurry, I would ask you to return the petition at your earliest
convenience. The Board of Visitors met in pursuance of adjournment
on yesterday. The Board met pursuant to adjournment on yesterday.
Present the same members as on yesterday, with the exception
of Mr Glass who was called home. I enclose to you herewith cheque for $20,000.00
being a gift from the J. W. and Belinda Randall Charities
Corporation, which was voted to you by the trustees on June
10th, 1898. With this gift goes a copy of the vote under
which you must receive this gift or return it to me as trea-
surer. Referring to interview with you this A. M.
in relation to caring for securities and handling the Sinking
Fund Accounts of the University,- We beg to state our
construction of agreement arrived at and if correct will be
pleased to have you confirm same. I am in receipt of your letter of July 19th, I beg
to State that my understanding of our agreement concurs with
yours therein expressed, We have your favor 22nd and are in receipt of
securities listed in same by Express. We register on our books
153 bonds $500. each, $76,500. in name of Rector and Board of
Visitors of University of Virginia, and hold the same for safe
keeping. We have changed Virginia Century Bonds, $28,000 from
Coupon to Registered. This cost us $3.00, the charge made by
Auditor of Virginia for the change. Please remit. We are in receipt of Virginia Century Bonds $20,800.,
advised as purchased in ours of yesterday, and have had
same registered in the name of the Rector and Board of Visitors
of the University of Virginia. We charge the respective
Sinking Funds as per statement below, and hold bonds for account
of same. You will notice this makes the Sinking Fund
Account Old Debt, show debit of $95. and to the Credit of Sinking
Fund Account New Debt $15.00 | | | Similar Items: | Find |
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