Board of Visitors minutes :: December 13, 1958 :: University of Virginia Library

The President explained that Mrs. Savannah Worsham Walton died on 19 Nevember 1957, testate,
and seised of a lot of land with improvements consisting of her residence, situated on the north
side of E. Jefferson Street in Charlottesville, Virginia, and by the third clause of her will
dated 21 June 1946, probated 22 November 1957 and spread in the Corporation Court Clerk's Office
of Charlottesville in W. B. 8 p. 117, she had directed that "the rest and residue of my estate,
both real and personal, and wheresoever situate, be delivered in fee simple to William James
Rucker Home For Convalescent Children of Charlottesville, Virginia."

Legal title, the President pointed out, to property used for the Convalescent Home is
vested in and held by The Rector and Visitors, and that the Governor, pursuant to the requirements
of Section 25 of the General Appropriations Act of 1956, had given his written consent and
approval to the acceptance of the gift by The Rector and Visitors.

As the property was not suitable itself for the uses of the Convalescent Home it had been
deemed wise to sell it and make use of the proceeds. The property had therefore been sold, subject
to the approval of the Board and of the Governor, to a Mrs. Lucy B. Barrett for $9,000.00, of
which $200.00 is to be paid in cash on delivery of deed and the balance of $8,800.00 is to be
evidenced by a bond for that amount, bearing interest at the rate of 5½% per annum, repayable in
monthly instalments of $100.00 each, to be applied first to interest and then to principal, and
to be secured as deferred purchase money by a first lien deed of trust on the property to be
conveyed and on other property belonging to the purchaser.

The President then submitted to the Board for its consideration a draft of the deed conveying
the property in question to Lucy B. Barrett, with special warranty of title, which draft
had been prepared by C. Venable Minor, Special Counsel for The Rector and Visitors, and drafts
of the bond for deferred purchase money and of the deed of trust securing the same, which
drafts had been approved by Mr. Minor

The Board was reminded that the conveyance, under the provisions of Section 23-77.1 of the
Code of Virginia, 1950, as amended, must receive the approval of the Governor, and it was pointed
out that the deed as drafted provided for his signature thereto as evidence of such approval

After discussion, upon motion duly made and seconded, it was

RESOLVED, by The Rector and Visitors of the University of Virginia that the conveyance to
Lucy B. Barrett of the house and lot fronting 50 feet on the north side of E. Jefferson Street
in Charlottesville, Virginia, being the property devised to it under the will of Savannah
Worsham Walton, deceased, dated 21 June 1946, probated 22 November 1957, and of record in the
Clerk's Office of the Corporation Court of the City of Charlottesville, Virginia, in W. B. 8 p.
117, at the price of $9,000.00, paid and secured to be paid as hereinabove in these minutes set
out, be and the same is hereby sanctioned and approved, and that the drafts of said deferred
purchase money bond and of the deed of trust securing the same, be and they are hereby sanctioned
and approved,

RESOLVED, further, that the President and Secretary be, and they hereby are, authorized, empowered
and directed, the approval of the Governor of the State of Virginia, as required by Section
23-77.1 of the Code of Virginia, 1950, as amended, having first been obtained thereto, to execute,
on behalf of The Rector and Visitors of the University of Virginia, a deed, substantially in the
form of the draft submitted to this meeting, conveying said property with Special Warranty of
Title, to Lucy B. Barrett, and that the President be, and he is hereby, authorized, empowered and
directed to deliver said deed to said Lucy B. Barrett or her authorized representative