University of Virginia Library

LALLA GRESHAM BALL SCHOLARSHIP FUND:

The Finance Committee of the Rector and Visitors presented the following motion, which was unanimously
adopted:

THAT WHEREAS, Jessie Ball duPont has established a trust fund known as the "Lalla Gresham
Ball Scholarship Fund" depositing with the Rector and Visitors of the University of Virginia, a corporation,
the sum of $7,000 cash and 300 shares of the common stock of E. I. duPont de Nemours & Company; and

WHEREAS, under the terms of said trust the Rector and Visitors of the University of Virginia,
the trustee therein, is required to invest said funds in such manner as to the trustee shall seem best
to preserve and enhance the value thereof,

NOW, THEREFORE, BE IT RESOLVED, that said funds and said stock be held by the State Planters
Bank and Trust Company in entire accordance with an agreement between the Rector and Visitors of the
University of Virginia and the State Planters Bank and Trust Company, dated December 13th, 1946, with
the exception only that said fund be carried on a separate subsidiary ledger from the funds of the
Consolidated Endowment, and that it be ear-marked and identified as "Lalla Gresham Ball Scholarship Fund."

BE IT FURTHER RESOLVED that the Treasurer of Mary Washington College of the University of
Virginia be and he hereby is requested to furnish to the Bursar of the University of Virginia all
necessary information regarding said fund and said stock so that the same may be recorded upon the records
in said Bursar's office, and that he be further directed to send to the State Planters Bank and
Trust Company the said cash and stock certificates, and in addition a copy of the Trust Indenture
creating said trust, and further that a copy of this resolution be sent by the Bursar to the said State
Planters Bank and Trust Company.