University of Virginia Library

A special meeting of the Board was held on this date
at 8 o'clock P. M. There were present Visitors R. T. Irvine,
J. K. M. Norton, G. Hatton, C. Harding Walker, Alex. F. Robertson
and H. Dalton Dillard, and President Alderman.

Messrs. Goodrich Hatton and C. Harding Walker, re-appointed,
Alex. F. Robertson of Staunton, and H. Dalton Dillard of Rocky
Mount, all having been nominated by the Governor, and confirmed
by the State Senate to serve for terms of four years from Feb.
28, 1918, presented duly executed qualifications as Visitors
of the University.

It being the regular time for the election of the officers
of the Board, Mr. hatton nominated Hon. R. Tate Irvine for the
office of Rector, and he was unanimously elected. E. I.
Carruthers was re-elected Secretary.

The minutes of the meeting of Dec. 28, 1917 were read,
corrected and approved.

The Rector appointed the following standing committees of
the Board:

Executive: Michie, Hatton, Norton, Turnbull and the Rector.

Finance: Walker, Michie and Bryan.

Grounds & Buildings: Hatton, Robertson and Dillard.

On motion of Judge Norton, a resolution was adopted that a
committee of three appointed by the Rector draft and present to
the Board suitable resolutions touching the service of Mr. Armistead
C. Gordon as Rector of the University. The Rector appointed

Judge Norton, Mr. Hatton and the President.

President Alderman stated to the Board that an effort was
being made to have the Orthopedic Hospital, for which an appropriation
was made at the recent session of the General Assembly,
located here in conjunction with the University Hospital, as it
would be of great value to the Medical School. He stated also
that there was in prospect a gift of funds to aid in erecting
temporary quarters for said institution if it be decided by the
State Board of Health to locate it here, and, in which event
it would be necessary to add to the teaching staff an Orthopedist,
at an expense of about $3,000. per annum.

The President was authorized to take such steps as he deemed
wise to secure the location of the Orthopedic Hospital at the
University.

The Secretary communicated to the Board that Wm. Endicott,
3rd, a co-trustee with Bentley W. Warren in the Austin Estate,
had resigned, and that Irvin McD. Garfield had been selected at
a former meeting of the Board, to succeed Mr. Endicott; that the
Judge of the Probate Court of Norfolk County, (Mass.) desires the
bond of Mr. Garfield be increased from $50,000. (the amount required
of the former trustee) to $ 425,000. which would entail
an additional cost to the University of $525. per year out of the
income; that the remaining trustee (Mr. Warren) had suggested
the Board of Visitors pass a resolution asking for the appointment
of Mr. Endicott as a co-trustee with a bond of only $50,000.

The following resolution was adopted unanimously:

WHEREAS, Arthur W. Austin late of Milton in the County of
Norfolk, State of Massachusetts, deceased, testate by his last
will and testament, duly proved and allowed on the third
day of September, 1884, in the Probate Court of Norfolk
County, did therein give certain estate in trust for the use and
benefit of his children, Mary Austin Carroll, now Mary A. McLaughlin,
Florence Austin and Henry W. Austin, and for the use
and benefit of the University of Virginia in reversion; that
Francis B. Austin and James W. Austin were duly appointed trustees
thereof, and Thomas P. Proctor was duly appointed to succeed said
Francis B. Austin, and Bentley W. Warren was duly appointed
to succeed said Thomas P. Proctor; that William Endicott, 3rd,
was duly appointed to succeed said James W. Austin in said
trust; that the said William Endicott, 3rd, has resigned before
the objects of said Trust have been accomplished; that there is
no adequate provision made in said will for supplying the vacancy
caused by the resignation of said William Endicott, 3rd, and

WHEREAS, Irvin McD. Garfield, of Boston, has consented to act
as a trustee of said estate, filling the vacancy caused by the resignation
of William Endicott, 3rd, and

WHEREAS, Mary A. McLaughlin, beneficiary under said will, has
petitioned the Honorable Judge of the Probate Court of the County
of Norfolk for the appointment of said Irving McD. Garfield as a
co-trustee with said Bentley W. Warren, now sole remaining trustee
thereunder, and

WHEREAS, The individual bonds of the trustees heretofore required

to be given have been only $50,000., and

WHEREAS, The Honorable Judge of the Probate Court of said
County now desires that the succeeding trustee's bond be in- creased to $425,000., therefore be it

RESOLVED: BY THE RECTOR AND VISITORS OF THE UNIVERSITY OF
VIRGINIA, That we do join in the petition to the Honorable
Judge of the Probate Court of Norfolk County for the appointment
of Irvin McD. Garfield as co-trustee with Bentley W. Warren,
now sole remaining trustee, and that no bond in excess of $50,000.
be required of said Irvin McD. Garfield as Trustee of said
estate, and

RESOLVED: FURTHER, That the Rector of the University of Virginia
be and he is hereby authorized to sign the petition to said
the Honorable the Judge of the Probate Court, in the County of
Norfolk, State of Massachusetts.

The President presented a communication from the Bursar,
calling attention to an expected deficit for the fiscal year, and
asking for authority to make temporary arrangements with the banks
to meet the needs of the University.

Pursuant with the report and request, the following resolution
was adopted:

WHEREAS, The report of the Bursar made to the President, shows tha
there will be a temporary shortage of about $17,500. for the fiscal
year ending June 30, 1918, and for which there may not be on
hand funds temporarily to meet the requirements for said fiscal
year, therefore be it.

RESOLVED: That the Bursar be and he is hereby authorized and
empowered to borrow from the local banks from time to time
and in such sums as may be necessary to meet the current needs
of the University, and in anticipation of current income, not
to exceed the sum of $25,000; and such notes as may be executed
by him for said purpose shall be paid as promptly as may be out
of income of the University available therefor, and he shall
report to each and every subsequent meeting of this Board the
total amount borrowed under this authority, and the amount then
outstanding in the banks unpaid.

On motion, the meeting then adjourned.