 | Board of Visitors minutes January 10, 1947 |  |
JOHN PRICE JONES CORPORATION CONTRACT AMENDMENT.
Mr. Perkins, at the request of the Committee, heretofore appointed by this Board to "Study and Report"
upon the practicability of a campaign to raise a fund of some six million dollars for the use of the University,
presented to the Board a form of offer to conduct an advisory and managerial service for this purpose
made to the University by The John Price Jones Corporation of New York.
Mr. E. C. Anderson, Chairman of said Committee, stated that the terms of said offer, originally set out
in a letter addressed to Dr. J. L. Newcomb, President of the University, by said Corporation, under date
of September 13, 1946, had been carefully studied and were satisfactory to his Committee, but that due
to lapse of time since the offer was submitted he was advised by the John Price Jones Corporation that
possibly some slight modifications and amendments thereto might be necessary before that Corporation could
reaffirm its offer.
After discussion of the situation the following resolution offered by Mr. Anderson, and seconded by Mr.
Garnett was adopted-
RESOLVED: That the offer of The John Price Jones Corporation of New York to supply to the University
an advisory and managerial service aimed at raising funds for the University as originally set out in
its letter to Dr. J. L. Newcomb, President, of September 13, 1946, and as restated in the form of
offer and acceptance presented to this meeting by W. Allan Perkins, Attorney for the University, be
and is hereby accepted and J. L. Newcomb, President, is hereby authorized and requested to execute
said acceptance in the name and on behalf of the Rector and Visitors of the University of Virginia,
and E. I. Carruthers, Secretary, is here-by authorized and requested to affix the corporate seal
thereto, attest the same, and deliver the executed instrument to The John Price Jones Corporation
for reaffirmance by that Corporation, and,
BE IT FURTHER RESOLVED: That the Fund Raising Committee of the Board of Visitors of the University,
of which Mr. E. C. Anderson is Chairman, is hereby given full power and authority to agree on behalf
of the University to such modifications and amendments to said original offer as said Committee
may deem reasonable and proper and to accept the same in the name and on behalf of The Rector and
Visitors of the University of Virginia.
| Board of Visitors minutes January 10, 1947 | |