Board of Visitors minutes October 14, 1949 | ||
R. E. SMITHER SCHOLARSHIP PROPOSAL
The Chairman of the Finance Committee, Mr. Thomas B. Gay, reported that Mr. R. E.
Smither desired to establish a legal scholarship, giving to the University $1,000 and twenty-four
acres of land near West Point, Virginia. He proposes to finance the scholarship by the sale of
timber from this land at about twenty year intervals, the $1,000 being intended to pay taxes on
the land. Mr. Smither stipulates that if the proposal is accepted, the land will be held permanently
by the University.
The Board accepted the gift, but asked Mr. Gay to write Mr. Smither to see if a liberalization
of the terms of the bequest could be secured
Board of Visitors minutes October 14, 1949 | ||