| | 1 | Author: | University of Virginia
Board of Visitors | Requires cookie* | | | Title: | Board of Visitors minutes  | | | | Published: | 1928 | | | | Subjects: | University of Virginia Library, Text collection | UVA-LIB-Text | UVA-LIB-BoardOfVisitorsMinutes | | | | Description: | The annual meeting of the Rector and Visitors was held on this date at
10 o'clock A. M., lasting until 6 P. M., with intermission for lunch, followed by a
session on the morning of the 12th which convened at 9:30 o'clock. At a meeting of the members of the Board of Trustees
of the International Education Board held May 25, 1928, the officers
presented your letter of February 2, 1928, in which, on behalf of
the trustees of the University of Virginia, you request the Board's
cooperation in strengthening and stimulating research in the physical
and biological sciences. It was observed that in addition to sums
now available, annual sums approximating $45,000 would be required
eventually to carry out your program of development in chemistry,
physics and biology, and that there was reasonable assurance that beginning
with the fiscal year July 1, 1930, the authorities of the
University would be in position to provide annually increasing sums
for this purpose, so that within a period of from five to seven years
the University would be able to assume the increased annual expenditure
of $45,000. RESOLVED, That the locations selected for the proposed
dormitories on the western slope of Monroe Hill and for
the academic building on the site of the Mallet House, be
and are hereby approved, subject to minor changes in
location. The largest single maturing investment included above, was an item of
$103,600 School & College 6% Certificates which were called for payment by the
State of Virginia at par on January 1, 1928. $100,000 of these were held in the
Corcoran Fund. To replace this large investment at a time when high grade bonds
were selling at prices which returned lower yields than for many years past, of
course, worked a hardship upon the University. It was necessary to accept a
lower return in order to obtain anywhere nearly commensurate safety. | | | Similar Items: | Find |
| 2 | Author: | University of Virginia
Board of Visitors | Requires cookie* | | | Title: | Board of Visitors minutes | | | | Published: | 1928 | | | | Subjects: | University of Virginia Library, Text collection | UVA-LIB-Text | UVA-LIB-BoardOfVisitorsMinutes | | | | Description: | A special meeting of the Board of Visitors was held on this date at
8 o'clock P. M., with the Rector, Hon. C. Harding Walker, Visitors D. D. Hull, Jr.,
Harris Hart, Lewis C. Williams, Paul G. McIntire, Hollis Rinehart, Fred W. Scott,
A. C. Carson, and Mrs. M. C. B. Munford, and President Alderman, present. On October 13th, I wrote you with reference to the Blandy
estate, and stated that the final settlement of this estate shows the
corpus of the trust fund set aside by the will of Graham F. Blandy,
deceased, from which his widow is to receive the income during her lifetime,
and which passes to the University at her death, amounts to $971,486.12. I beg to enclose herewith copy of final decree which has been
entered in the Circuit Court of Clarke County in the Chancery Cause of
Georgette H. Blandy v. The Rector and Visitors of the University of
Virginia. You will observe that this decree finally determines the fact
that the University of Virginia has complied with all the conditions
specified in the will of Graham F. Blandy as conditions precedent to the
vesting of title in The Rector and Visitors of the University in the land
devised to the University by the will of Graham F. Blandy, deceased. The dormitories and academic building have been let to contract
as follows: | | | Similar Items: | Find |
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