 | Board of Visitors minutes April 26, 1922 |  |
Past Due Maturities
| $ 4,000 | William H. Gaines 6 Note, due October 1916, with about 3 1/2 years interest due thereon. Extended from time to time, last extension being granted in June 1920 on condition that interest would be paid, but although frequent requests have been made, no interest has been paid. Property securing note consists of 700 acres of farm land near Warrenton, on which there is a first mortgage of $8,000, our note being part of same. We are now proceeding with the other noteholder to sell off the property in small parcels and have hopes of closing it out without any loss, although it may take a year or so to clear up all the property. |
| $ 4,000 | J. A. Edwards 6% Note, due July 8, 1916, secured by farm. Assumed by R. L. Thomas, who is expecting to sell his farm and pay off the loan. |
| $ 8,000 | Charlottesville School Board 5% Bond, due Oct. 10, 1910. Extended by former Finance Committee until School Board issues further bonds, when these will be taken care of. Security perfectly good and interest paid regularly. |
| Board of Visitors minutes April 26, 1922 | |