University of Virginia Library

PRINCESS ANNE COUNTY CONVEYANCE

President Darden submitted to the Board draft of a deed dated December 10, 1956, prepared
by C. Venable Minor, Special Counsel for the University, conveying to Charles M. Hodgman, Jr., a
parcel of 10 acres of land near Diamond Springs, Princess Anne County, Virginia, being the same
land devised to the University by will of Bertha L. Makinson, dated November 22, 1939, probated
in the Clerk's Office of the Corporation Court of Norfolk in W.B. 23 p. 98, and also the same
land conveyed to The Rector and Visitors by deed of Edwin J. Smith, Executor and Trustee u/w of
Bertha L. Makinson, dated December 27, 1951, of record in the Clerk's Office of the Circuit
Court of Princess Anne County, Virginia, in D.B. 296 p. 353. The consideration for the
conveyance is $6900.00, of which $500.00 is cash and the residue of $6400.00 is evidenced by 5
negotiable promissory notes secured as deferred purchase money by deed of trust.

The President reported that, pursuant to the resolution of the Board adopted at its meeting
held on June 16, 1956, after submitting the matter to Mr. Minor, he had executed a contract of
sale of the property on behalf of The Rector and Visitors, to Charles M. Hodgman, Jr., upon the
terms above set forth, and that the approval of the Governor to such contract of sale had been
obtained.

Mr. Darden reminded the Board that sale of this property to the David Lea Corporation had
been authorized by resolution adopted at the June 10, 1955, meeting but the sale had fallen
through and that contract of sale had been cancelled by mutual agreement.

After discussion and consideration of the draft of the deed submitted to the Board, upon
motion duly made and seconded, the following resolutions were unanimously adopted:

RESOLVED, by The Rector and Visitors of the University of Virginia, that Colgate W. Darden,
Jr., President, and Francis L. Berkeley, Jr., Secretary, be and they hereby are authorized,
empowered and directed, the approval of the Governor as required by Section 23-77.1 of the Code
of Virginia, 1950, as amended, having been obtained thereto, to execute and deliver a deed of
conveyance on behalf of The Rector and Visitors of the University of Virginia, conveying with
special warranty of title, to Charles M. Hodgman, Jr., in consideration of $6900.00, part cash
and the residue secured as deferred purchase money by deed of trust on the property, the parcel
of land containing 10 acres, more or less, lying near Diamond Springs in Princess Anne County,
Virginia, and more particularly described in the draft of the deed submitted to this meeting,
said deed to be substantially in the form of the draft submitted to this meeting.

RESOLVED, FURTHER, that the President and other officers of this corporation be, and they
hereby are, authorized, empowered, and directed to take such further steps and do such further
things as may be necessary to complete this transaction.