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

Board of Visitors minutes
September 26, 1941

[section]

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:

Collapse All | Expand All expand section

LOMAX GWATHMEY BEQUEST:

The Rector presented a letter he had received from the National Bank of Norfolk, Trustee
under the will of Lomax Gwathmey, submitting a copy of an agreement entered into in 1928 between
the said parties, in which the University of Virginia is the remainderman, and a copy of a supplemental
agreement giving the Trustee the power to sell, convey, rent, lease, assign, transfer, or exchange
any asset of the trust estate, real or personal, whether now owned or hereafter acquired, etc.
The communication called attention to the absence in the original agreement of any authority to
handle real estate and, that as several pieces have since been given the trustee, it should be
amended to take care of the situation, and incidentally of some other difficulties. The amended
agreement was referred to the attorney for the University for examination and, if approved by him,
the President and Secretary were authorized to execute same on behalf of the University.