 | Board of Visitors minutes June 24, 1965 |  |
RESOLUTION AWARDING STUDENT APARTMENT AND DORMITORY REVENUE BONDS
Mr. Montague made a motion, seconded by Mr. Blanton, that the following resolution be adopted:
A RESOLUTION PROVIDING FOR THE AWARD OF $4,100,000 THE RECTOR
AND VISITORS OF THE UNIVERSITY OF VIRGINIA STUDENT APARTMENT
AND DORMITORY BUILDINGS REVENUE BONDS (SERIES 1965)
WHEREAS, the Rector and Visitors of the University of Virginia (hereinafter sometimes called
the "Board") has this day duly adopted a resolution authorizing the issuance of $4,100,000 The
Rector and Visitors of the University of Virginia Student Apartment and Dormitory Buildings Revenue
Bonds (Series 1965), and
WHEREAS, the Board deems it advisable to sell said bonds at this time and has received a
proposal in the form hereto attached from Investment Corporation of Norfolk, J. C. Wheat & Company,
Edward G. Webb & Co., Inc., F. W. Craigie & Co., Anderson & Strudwick, and Strader & Company, Inc.
(hereinafter collectively called the "underwriters") for the purchase of said bonds at the price
of $4,105,207 plus accrued interest and bearing interest at the rates set forth in said proposal, and
WHEREAS, the Board has determined that it is for the best interests of The Rector and Visitors
of the University of Virginia to accept the proposal of and to sell the bonds to the underwriters
in the amount and for the price and interest rates set forth in said proposal, now, therefore,
BE IT RESOLVED by the Rector and Visitors of the University of Virginia.
Section 1. The proposal of the underwriters is hereby accepted and said $4,100,000 The Rector
and Visitors of the University of Virginia Student Apartment and Dormitory Buildings Revenue Bonds
(Series 1965) are hereby awarded to the underwriters in the amount and for the price and interest
of the State of Virginia and the Treasury Board of the State of Virginia.
Section 2. There shall be printed on the reverse of each of said $4,100,000 The Rector and
Visitors of the University of Virginia Student Apartment and Dormitory Buildings Revenue Bonds
(Series 1965) the legal opinion of Mitchell, Pershing, Shetterly & Mitchell, Bond Counsel to The
Rector and Visitors of the University of Virginia, with respect to the validity of said bonds, and
there shall be printed on the reverse of each of said bonds immediately following such legal opinion
a certificate signed with the facsimile signature of the Rector of the University of Virginia substantially
as follows:
"I HEREBY CERTIFY that the foregoing is a true and correct copy of
the legal opinion upon the bonds therein described which was manually
signed by Mitchell, Pershing, Shetterly & Mitchell, New York, N. Y.,
and was dated as of the date of delivery of and payment for said bonds.
"(Facsimile Signature)
Rector of the University of Virginia."
Section 3. All steps necessary to carry this resolution into effect shall be taken by the
proper officers of the Rector and Visitors of the University of Virginia and of The Rector and Visitors
of the University of Virginia.
Section 4. The Secretary of the Board is hereby authorized and directed to file a certified
copy of this resolution with the Governor of the State of Virginia and the Treasury Board of the
State of Virginia.
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.
| Board of Visitors minutes June 24, 1965 | |