University of Virginia Library

SUCCESSION OF HUGH E. VINCENT

The President reported that the Honorable Wayne G. Borah, acting on behalf of the University of
Virginia as its representative with respect to the Succession of Hugh E. Vincent, had executed an
instrument dated the 24th day of September, 1963, which instrument had also been executed by or on
behalf of The Administrators of the Tulane Educational Fund, Trinity Church, Mildred Saffold Vincent
and Frank B. Hayne, Jr., granting to Prairie Gas Corporation an easement for a pipeline right-of-way
over lands situated in the Parish of St. Bernard and the Parish of Orleans, State of Louisiana,
containing 7,082.12 acres, more or less, in which the Succession of Hugh E. Vincent owned an
interest. This instrument provided for a nominal payment of $200.00 for such right-of-way easement
but further provided that if Prairie Gas Corporation lays a pipeline in such right-of-way it would
pay an additional sum of $27,333.40, to be paid before the line is laid, and if it lays an additional
line in said right-of-way it would pay an additional sum of $27,333.40 therefor within 60 days
subsequent to the completion of the construction of such additional line. If payment for the first
line was not made within six months from the date of the instrument the grant of easement shall
thereupon cease and determine

The President pointed out that the instrument here in question was similar to the two executed
on behalf of the University by Judge Borah, dated June 18, 1962 and June 28, 1962, execution of which
were ratified by the Board at its meeting on September 29, 1962, except that the compensation to be
paid was almost double, since the compensation was at the rate of $20.00 per rod, and that the grant
of such right-of-way easement at this price was advantageous to the Vincent Succession. He then
presented a photographic copy of the instrument for consideration

After discussion, the following resolution was adopted

BE IT RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia
that the action of the Honorable Wayne G. Borah, on behalf of the University of Virginia, in executing
that certain document dated September 24, 1963, together with The Administrators of the Tulane
Educational Fund, Trinity Church, Mildred Saffold Vincent and Frank B. Hayne, Jr., conveying an easement
for a pipeline right-of-way to Prairie Gas Corporation over lands situated in the Parish of
St. Bernard and the Parish of Orleans, Louisiana, containing 7,082.12 acres, more or less, in which the
Succession of Hugh E. Vincent has an interest, is hereby ratified and approved