University of Virginia Library

REFUNDING OF CALLABLE BONDS

The Board authorized the President of Mary Washington College to investigate the possibility
of refunding the balances due on two 1938 PWA Bond issues of $82,500 and $138,000, and directed
the Chancellor of Mary Washington College, if such an arrangement can be worked out with the
State authorities, to proceed with such refunding.

There being no further business to come before the meeting, the same was adjourned after
a motion to that effect had been made, seconded and carried.