Board of Visitors minutes :: September 26, 1941 :: University of Virginia Library

Board of Visitors minutes
September 26, 1941

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ENROLLMENT TO DATE 2454.

CONTRACT WITH WAR DEPARTMENT FOR CONSTRUCTION OF TESTING MACHINE FOR SMALL ARMS BULLETS:

CONTRACT WITH THE U. S. A. FOR THE DETECTION OF CARBON MONOXIDE, ETC:

RECEIPT FOR LAW BOOKS BEQUEATHED TO THE UNIVERSITY BY CHARLES B. SAMUELS:

LEASE TO THE PEOPLES NATIONAL BANK OF ROOM IN THE CORNER BUILDING USED AS A BRANCH BANK, RENEWED:

RELEASE TO HIGHWAY DEPARTMENT IN RE: RIGHT-OF-WAY ALONG THE BLANDY EXPERIMENTAL FARM:

SALE TO "MY OWN DEVELOPMENT CORPORATION" RIGHTS OF CONNECTION WITH WATER LINE SERVING THE RUCKER HOME FOR CONVALESCENT CHILDREN:

TRANSFER OF CERTAIN CAPITAL STOCKS, REGISTERED IN THE NAME OF THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA, TO WABY AND COMPANY, THE NOMINEE OF THE TRUST DEPARTMENT OF THE PEOPLES NATIONAL BANK A DEPOSITORY OF THE UNIVERSITY:

SALE OF LOT IN ANNISTON, ALABAMA:

LOAN TO ZETA CHAPTER OF KAPPA SIGMA FRATERNITY:

APPLICATION BY SETH BURNLEY FOR LOAN OF $6,000:

REPORT OF THE FINANCE COMMITTEE COVERING SECURITIES PURCHASED DURING FISCAL YEAR 1940-41:

CHANGE IN TOTAL INVESTMENTS OF THE CONSOLIDATED FUNDS DURING THE YEAR ENDED JUNE 30, 1941:

BUDGET 1941-42-REVISION.

SUBSTITUTES FOR EMPLOYEES ON LEAVE, ETC.:

LOMAX GWATHMEY BEQUEST:

LAWRENCEVILLE FURNITURE COMPANY PROPERTY—PRICE FIXED FOR SAME:

ANNUITY CONTRACT CONTRIBUTIONS FOR FACULTY MEMBERS ON LEAVE, WITHOUT SALARY, FOR FEDERAL SERVICES:

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APPLICATION BY SETH BURNLEY FOR LOAN OF $6,000:

Mr. Perkins presented to the Board the application of Mr. Seth Burnley, City Manager of the
City of Charlottesville, for a loan of $6,000 to be evidenced by his bond bearing interest at 4½% payable
10 years after date, to be secured by deed of trust constituting a first lien on Mr. Burnley's residence
located on Lots Nos. 11 and 12, Block 20, Preston Heights.

Appraisal of said property by George T. Starnes and R. H. Perry is attached to the application
from which it appears that, in the opinion of these two gentlemtn, the property has a fair market value
of $12,000.

After due consideration the question of the advisability of this loan was referred to the
Finance Committee with power to act, provided the interest rate shall not be less than 5%.