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APPROVAL TO INVEST AN ADDITIONAL $1,908,200 IN BLUE RIDGE HEALTH ALLIANCE, INC. (adopted May 2, 1997)

  • WHEREAS, The Rector and Visitors has received a request for an additional contribution of capital from Blue Ridge Health Alliance, Inc., shareholders in order to maintain required reserve levels, as specified in the Blue Ridge Health Alliance, Inc. Board of Directors' resolution dated April 17, 1997;
  • RESOLVED that the Executive Vice President and Chief Financial Officer is authorized to invest up to an additional $1,908,200 in Blue Ridge Health Alliance, Inc., to be matched proportionately by other current shareholders, per their equity interest in Blue Ridge Health Alliance, Inc.