Board of Visitors minutes :: September 29, 1962 :: University of Virginia Library

Section 101. In addition to words and terms elsewhere defined in this resolution, the following
words and terms as used in this resolution shall have the following meanings, unless some other
meaning is plainly intended

The word "Board" shall mean the Rector and Visitors of the University of Virginia
or, if said Board shall be abolished, the board or body succeeding to the principal
functions thereof

The word "cost", as applied to the Project, shall embrace the cost of construction
and all obligations and expenses and all items of cost which are set forth in
Section 303 of this resolution

The term "Current Expenses" shall mean the Board's reasonable and necessary
currect expenses of maintenance, repair and operation of the Project and shall
include, without limiting the generality of the foregoing, all ordinary and usual
expenses of maintenance, repair and operation, which may include expenses not annually
recurring, premiums for insurance, and any other expenses required or permitted
to be paid by the Board under the provisions of this resolution or by law, but shall
not include any reserves for extraordinary maintenance or repair, or any allowance
for depreciation, or any general administrative expenses of the Institution, or any
deposits or transfers to the credit of the special fund hereinafter created in the State
Treasury and designated "The Rector and Visitors of the University of Virginia Student
Apartment Buildings Revenue Bonds (Series 1962) Interest and Sinking Fund" (hereinafter
sometimes called the "Sinking Fund")

The term "fiscal year" shall mean the period commencing on the first day of July and ending on
the last day of June of the following year.

Section 102. Words of the masculine gender shall be deemed and construed to include correlative
words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words
"bond", "coupon", "owner", "holder" and "person" shall include the plural as well as the singular
number, the word "person" shall include corporations and associations, including public bodies, as
well as natural persons, and the word "holder" or "bondholder" when used herein with respect to
bonds issued hereunder shall mean the holder of bonds at the time issued and outstanding hereunder