University of Virginia Library

UNIVERSITY AIRPORT CONTRACT

The President reported that under the terms of the existing contract with Claude Coakley,
dated October 27, 1960, for the management of the University Airport, Mr. Coakley had given the
required notice of his desire to terminate the contract on June 1, 1962 and that it had been
necessary to negotiate a new contract. The new contract would be with a corporation to be formed
under the name of Charlottesville Aviation, Inc. of which Mr. William C. Clontz would be President
and Mr. Ralph P. Zehler, Jr., would be secretary, and would run from June 1, 1962 to June 30, 1965,
with automatic yearly renewals thereafter.

The President then submitted for consideration a draft of the new contract prepared by the
University's special counsel, the terms and conditions of which had been approved by Dean Quarles
of the School of Engineering, and recommended its execution on behalf of the University

After careful consideration, upon motion duly seconded, the following resolution was adopted

RESOLVED, by the Board of Visitors of The Rector and Visitors of the University of Virginia
that the Comptroller be and he is hereby authorized, empowered and directed to execute in the name
and on behalf of The Rector and Visitors of the University of Virginia, a contract with Charlottesville
Aviation, Inc., for the management of the University Airport at Milton, Virginia, such
contract to be in the form submitted to this meeting, with such changes and additions as may be
approved by the University's special counsel, and that the Secretary of this Board be, and he is
hereby, authorized, empowered and directed to affix the seal of The Rector and Visitors of the
University of Virginia thereto and attest the same