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

Board of Visitors minutes
September 26, 1941

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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:

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369

LAWRENCEVILLE FURNITURE COMPANY PROPERTY—PRICE FIXED FOR SAME:

The President stated to the Board that an offer had been received through our attorney in
Lawrenceville, Virginia, for the purchase of the property located there known as the Lawrenceville
Furniture Company storeroom. Among the securities coming to the University under the will of Dr.
Walter M. Seward was a bond of the said company secured by a mortgage on the property. The bond and
interest being in default, the mortgage was foreclosed and the property bid in by the University.
Mr. Corbitt, who, at the request of the President, had visited the property with a view of determining
its sale value, reported that following his inspection of the property and inquiry as to the local
realty market, he was of the opinion that it should bring not less than $6,500.00 net cash. The
recommendation of Mr. Corbitt was agreed to, and the Secretary instructed to so advise our
attorney in Lawrenceville. If sale be made, President and Secretary authorized to execute deed.