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1Author:  University of Virginia Board of VisitorsAdd
 Title:  Board of Visitors minutes (1955) February 12, 1955  
 Published:  1955 
 Subjects:  University of Virginia::Board of Visitors | University of Virginia Library, Text collection | UVA-LIB-Text 
 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
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