| | Description: | The regular monthly meeting of the Board of Visitors of The Rector and Visitors of the
University of Virginia was held on this date in the Office of the President of the University,
at Charlottesville, with the following present. The Rector, Barron F. Black, President Colgate W.
Darden, Jr., Visitors Barksdale, Coxe, Dunn, Emmett, Gravatt, Howard, McWane, Mrs. Smith, Talbott,
and Wheeler. Absent: Visitors Gray, Mears, and Mr. Smith. On the enclosed list we have set forth a number of gifts to the Graduate School of Business
which, at the time of receipt, were added to the Consolidated Endowment Fund. Now that a separate
fund has been established for the Graduate School, I believe it advisable to transfer these funds
from the Consolidated Endowment Fund to the new fund. Under authority granted by the Governor on November 12, 1954, Mary Washington College has
been authorized to borrow from current funds in the State Treasury $1,356,515.57 with interest at
the rate of one per centum per annum, beginning January 20, 1955 until paid. $1,356,515.57 |
