 | Board of Visitors minutes November 8, 1940 |  |
NAVAL RESERVE OFFICERS' TRAINING CORPS UNIT: BOND FOR ESTABLISHING SAME:
The President stated to the meeting that pursuant to a resolution adopted at a meeting of
this Board held on the 26th of July, 1940, he had addressed a letter to the Bureau of Navigation of the
Navy Department, relative to the establishment at the University of Virginia of a Unit of the Naval
Reserve Officers' Training Corps; that under date of October 7, 1940, he had received a letter from
W. B. Woodson, Judge Advocate General of the Navy, transmitting draft of a bond to cover the issue of
supplies, equipment, etc., for the use of such Naval Reserve Officers' Training Unit, and requesting
proper resolution of the Governing Board of the University be adopted authorizing execution and delivery of
said bond, said bond being in the following form-
BOND
WHEREAS, The Rector and Visitors of the University of Virginia, generally known as the"University
of Virginia", a corporation created and existing under the laws of the Commonwealth
of Virginia, and situated at Charlottesville, in the county of Albemarle, Virginia, is an
institution of learning at which one or more units of the Naval Reserve Officers' Training Corps
are established, or about to be established; and,
WHEREAS, THE Secretary of the Navy, by virtue of the authority in him vested by the
Act of Congress entitled "An Act providing for sundry matters affecting the Naval Service, and for ot
purposes," approved March 4, 1925, is about to furnish and will from time to time hereafter furnish,
to siad University of Virginia, for the use of the unit or units of the Naval Reserve Officers'
Training Corps established at said University, or hereafter to be established thereat, such means
of transportation, books, supplies, tentage, equipment, and such other miscellaneous items as the
Secretary of the Navy may deem necessary; and it being desirable in the interests of the United
States, and of the said University of Virginia that the property aforesaid be covered by one bond;
NOW THEREFORE, KNOW ALL MEN BY THESE PRESENTS, that said The Rector and Visitors of
the University of Virginia is hereby held and firmly bound unto the United States of America, in
the just and full sum of Twenty-five Thousand Dollars ($25,000.00), lawful money of the United
States, for which payment, well and truly to be made, it binds itself, its successors and assigns,
firmly by these presents,
THE CONDITION OF THIS OBLIGATION IS SUCH, That if the above-bounden The Rector and
Visitors of the University of Virginia shall take good care of the property covered by this bond and
shall, when required by the Secretary of the Navy, duly return the same in good order to him, or to
such person as he may designate to receive the same, within thirty (30) days from the receipt of
notice so to do, except uniforms, expendable articles, supplies expended in operation, maintenance
and instruction, such property as has been worn out in the service for which it was intended, and/or
property lost or destroyed without negligence of said The Rector and Visitors of the University
of Virginia, or its agents, including students under its jurisdiction, then this obligation to be
void and of no effect; otherwise to be and remain in full force and virtue.
IN WITNESS WHEREOF, the above-bounden The Rector and Visitors of the University of
Virginia has executed this instrument under its seal, this 8th day of November, A. D., 1940, by
its undersigned representative, pursuant to authority of its governing body.
President.
Secretary.
It was, thereupon,
RESOLVED, that J. L. Newcomb, President of The Rector and Visitors of the University of
Virginia, be and is hereby authorized and requested to execute said bond in the name and on behalf
of the said The Rector and Visitors of the University of Virginia, and that E. I. Carruthers, Secretary
of the Rector and Visitors of the University of Virginia, be and is hereby authorized and requested the
affix the corporate seal of said Corporation to said bond, attesting the same, and delivering the said
bond to W. B. Woodson, Judge Advocate General of the United States Navy.
| Board of Visitors minutes November 8, 1940 | |