University of Virginia Library

VINCENT ESTATE

The President reported on the Hugh E. Vincent Estate. Under resolution of the Board of Visitors of 7 October 1966, Mr. Richard W. Gamble of New Orleans, Louisiana was appointed as successor to Judge Wayne G. Borah in the Vincent Estate. As such, Mr. Gamble was authorized to act as the representative of the University in all matters in which Judge Borah had been previously authorized to act under resolution of 20 April 1963. In addition, Mr. Gamble was empowered to act in the University's behalf in all leasing agreements and investments concerning any property included in the Vincent Estate.

The University has heretofore, by letter, authorized Mr. Gamble to act on its behalf in various matters, including leasing agreements with respect to oil and other mineral rights in certain lands situated in the state of Louisiana. A recommendation has been made to update and enlarge upon the authority previously granted by resolution to Mr. Gamble.

The following resolution was therefore adopted:

  • RESOLVED by The Rector and Visitors of the University of Virginia that, in addition to his prior authority granted by the Board of Visitors' resolution of 7 October 1966, Richard W. Gamble be and he hereby is authorized, empowered and directed in the name of The Rector and Visitors of the University of Virginia (known also as the "University of Virginia") to execute any conveyance, agreement or other document (including, without limitation, leasing agreements pertaining to oil and other mineral rights), with respect to certain lands situated in the State of Louisiana, an interest in which was acquired under the will of the late Hugh E. Vincent, probated April 24, 1951 in the proceedings No. 304-985 of the Civil District Court of Orleans Parrish, Louisiana, provided only that such action is approved by telegram or letter signed by either the President, the Comptroller or the Special Counsel of the University of Virginia; and that all such action heretofore taken by Richard W. Gamble be and it hereby is approved, ratified and confirmed.