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UVA-LIB-BoardOfVisitorsMinutes (1)
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1Author:  University of Virginia Board of VisitorsAdd
 Title:  Board of Visitors minutes  
 Published:  1827 
 Subjects:  University of Virginia Library, Modern English collection | UVA-LIB-Text | UVA-LIB-BoardOfVisitorsMinutes 
 Description: At a meeting of the Rector and Visitors of the University of Virginia, held at the University on the tenth day of July 1827, at which were present James Madison rector, James Monroe, George Loyall, John H. Cocke and Joseph C. Cabell. Thursday, July 19. The board met, present the same as yesterday. Memorandum — Though the principal sum appearing due by the within certificate, cannot be demanded by the holder till the time at which it is made payable within, yet it will be at the pleasure of the Rector & Visitors to pay the sum at any earlier period, after the expiration of twenty years from the date. Pursuant to the said memorandum, this board retains the full power of paying the principal sum which shall be due on each certificate, at any time after the expiration of twenty years from its date, although it may be made payable, on the face of the certificate, at a later period.
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