University of Virginia Library

ARTICLE VIII

Miscellaneous Provisions

Section 801. All covenants, stipulations, obligations and agreements of the Board contained
in this resolution shall be deemed to be covenants, stipulations, obligations and agreements of the
Board to the full extent authorized or permitted by law, and all such covenants, stipulations, obligations
and agreements shall be binding upon the successor or successors thereof from time to time
and upon any officer, board, body or commission to whom or to which any power or duty affecting
such covenants, stipulations, obligations and agreements shall be transferred by or in accordance
with law.

No covenants, stipulation, obligation or agreement herein contained shall be deemed to be
a covenant, stipulation, obligation or agreement of any present or future member, agent or employee
of the Board in his individual capacity, and neither the Governor of the State of Virginia nor the
members of the Board or of any other agency of the State of Virginia nor any officer thereof,
present or future, executing the bonds shall be liable personally on the bonds or be subject to any
personal liability or accountability by reason of the issuance thereof.

Section 802. Any notice, demand, direction, request or other instrument authorized or
required by this resolution to be given to or filed with the Board shall be deemed to have been
sufficiently given or filed for all purposes of this resolution if and when sent by registered mail,
return receipt requested, to The Rector and Visitors of the University of Virginia, Charlottesville,
Virginia.

Section 803. The officers and agents of the Board are hereby authorized and directed to do
all acts and things required of them by the provisions of the bonds and this resolution for the
full, punctual and complete performance of all the terms, covenants, provisions, and agreements
contained in the bonds and this resolution.

Section 804. In case any one or more of the provisions of this resolution or of the bonds
or coupons issued hereunder shall for any reason be held to be illegal or invalid, such illegality
or invalidity shall not affect any other provision of this resolution or of the bonds or coupons,
but this resolution and the bonds and coupons shall be construed and enforced as if such illegal
or invalid provisions had not been contained therein. In case any covenant, stipulation, obligation
or agreement contained in the bonds or in this resolution shall for any reason be held to be in
violation of law, then such covenant, stipulation, obligation or agreement shall be deemed to be
the covenant, stipulation, obligation or agreement of the Board to the full extent permitted by law.

Section 805. The Secretary to the Board is hereby authorized and directed to file a certified
copy of this resolution with the Governor and the Treasury Board.

A vote being taken, said resolution was adopted by the following recorded vote: Ayes: Charles R.
Fenwick, Thomas H. Blanton, William M. Camp, Hunter Faulconer, Raynell G. Lantor, Lawrence Lewis, Jr.,
E. Sclater Montague, Lewis M. Walker, Jr., and Woodrow W. Wilkerson. Nays: None.