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University of Virginia Library, Text collection (1)
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expand1898 (1)
1Author:  University of Virginia Board of VisitorsAdd
 Title:  Board of Visitors minutes  
 Published:  1898 
 Subjects:  University of Virginia Library, Text collection | UVA-LIB-Text | UVA-LIB-BoardOfVisitorsMinutes 
 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
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