 | Legislative history of the University of Virginia as set forth in the Acts of the General Assembly of Virginia, 1802-1927 |  |
1924.
Chapter 119. An ACT to amend section 807 of the Code of
Virginia. Approved March 7, 1924.
"1. Be it enacted by the general assembly of Virginia, That
section eight hundred and seven of the Code of Virginia be amended
and re-enacted so as to read as follows:
"Section 807. Appointment of visitors.—There shall be ten
visitors one of whom shall be the superintendent of public instruction,
three of whom shall be from the grand division in which
the university is situated, and two from each of the other three
grand divisions of the State. The visitors now in office are continued
therein until their respective terms of office expire, to-wit;
such four of them as were designated by the governor at the time
of their appointment, until the twenty-ninth day of February,
nineteen hundred and twenty-four, and the other five until the
twenty-eighth day of February, nineteen hundred and twenty-six.
Within the sixty days preceding the day on which the terms of
office respectively of the several members of the board will expire
by limitation as aforesaid, the governor, by and with the consent
of the Senate, shall appoint, to fill the vacancies so to be occasioned,
persons whose terms of office shall be for four years from that day.
And thereafter, within sixty days preceding the day on which the
terms of office respecitvely of the members shall expire by limitation
as aforesaid, the governor, by and with the consent of the
Senate, shall appoint, to fill the vacancies so to be occasioned, persons
whose terms of office shall be for four years from the day
on which the terms of their immediate predecessors expired.
Vacancies caused otherwise than by the expiration of the term
of office shall be filled by the governor for the unexpired term by
appointment which shall be subject to ratification or rejection by
the Senate at the next session of the general assembly. The members
of the board shall always be apportioned among the several
grand divisions of the State as hereinbefore provided, and shall in
all cases continue to discharge the duties of their office after their
terms have expired until their successors have been appointed and
qualified.
Beginning with the visitors who shall be named for the term
beginning on the twenty-eighth day of February, in the year nineteen
hundred and twenty-six, and biennially thereafter, the governor
shall appoint at least one visitor in the years in which he has four
visitors to appoint, and two visitors in the years in which he has
five visitors to appoint, from a list of not less than eight persons,
each of the grand divisions of the State, which list shall be submitted
to him, whether he shall have taken office or not, by the
general alumni association of the University of Virginia not later
than the first day of December of the year preceding that in which
the terms of said visitors are to begin; and in filling vacancies the
governor shall likewise make appointments from the list last submitted
to him when it is necessary to do so in order to have at least
three visitors who shall be nominees of the general alumni association
as aforesaid.
If the said general alumni association of the University of Virginia
shall in any such year fail to submit such a list in accordance
with the provisions hereof, the appointments of visitors whose terms
would commence in the year next succeeding the date on or before
which said list should have been submitted, shall be made just as
if said association had not been empowered to submit such a list."
Acts 1924, p. 145.
Chapter 174. An ACT to authorize and direct the rector and
visitors of the University of Virginia to surrender certain bonds
of the Commonwealth of Virginia in exchange for a registered
certificate of the Commonwealth, and to provide for the payment
of the interest on such certificate. Approved March 14, 1924.
"Whereas, the rector and visitors of the University of Virginia
hold, as part of the William Henry White Memorial Lectureship
Fund, six bonds of the State of Virginia, one of the sum of five
hundred dollars ($500.00), numbered twenty-eight, five of the
sum of one hundred dollars ($100.00), numbered eight hundred
and forty-eight, four hundred and eleven, twelve hundred and
sixty-six, nine hundred and twenty-four and seven hundred and
fifty-eight, respectively, all issued on the first day of January,
eighteen hundred and seventy-nine and payable on the first day of
January, nineteen hundred and nineteen, said bonds being issued
by authority of and pursuant to act of general assembly, approved
the twenty-eighth day of March, eighteen hundred and seventy-nine,
entitled an act to provide a plan of settlement of the public
debt; and,
Whereas, said William Henry White Memorial Lectureship
Fund is devoted solely to educational purposes, namely, for the
and
Whereas, said rector and visitors of the University of Virginia
desire to surrender said bonds in exchange for a registered certificate
of the State of Virginia, as has been heretofore authorized by acts
of assembly of February twenty-third, eighteen hundred and ninety-two,
January fifteenth, eighteen hundred and ninety-four and February
twenty-ninth, nineteen hundred and eight, in pursuance of
the settled policy of the State to encourage such donations by paying
full interest thereon so long as they are held as endowments for
educational and other like purposes; therefore,
"1. Be it enacted by the general assembly of Virginia, That the
rector and visitors of the University of Virginia shall, on or before
the first day of July, nineteen hundred and twenty-four, surrender
to the second auditor and six bonds aforesaid, which it holds as an
endowment fund; and
That said auditor shall issue a registered certificate of debt therefor
as provided by the act approved February twenty-third, eighteen
hundred and ninety-two, entitled an act for the retirement of bonds
held by schools and colleges and the issuing of registered certificates
therefor, and providing for the payment of interest thereon, and by
the act approved January fifteenth, eighteen hundred and ninety-four,
entitled an act providing for the retirement of bonds held by
the trustees of St. Joseph academy, an orphan asylum of Richmond,
and the issuing of registered certificates therefor, and by the act
approved February twenty-ninth, nineteen hundred and eight, entitled
an act for the retirement of bonds held by St. Paul's Endowment
Fund, Incorporated, and providing for the issuance of registered
certificates therefor and the payment of interest thereon,
and the second auditor upon the first days of January and July of
each year shall draw his warrant upon the auditor of public accounts
in favor of the rector and visitors of the University of
Virginia for the interest upon such certificate at the rate of six
per centum per annum, so long as said certificate remains the property
of said rector and visitors of the University of Virginia. Right
is reserved to the State to call in and redeem said certificate at any
time." Acts 1924, p. 287.
Chapter 399. An ACT to appropriate the sum of $250,000.00
to the University of Virginia provided the University of Virginia
sum to be used for the purpose of properly housing and developing
and teaching the medical sciences, and for hospital purposes. Approved
March 20, 1924.
"1. Be it enacted by the general assembly of Virginia, that the
sum of two hundred and fifty thousand dollars is hereby appropriated
payable at the close of the biennial ending on the 28th day
of February, 1926, out of any moneys in the treasury not otherwise
appropriated and after the amounts appropriated for the discharge
of the existing deficit in the treasury shall have been paid as provided
in the appropriation bill; the said sum of two hundred and
fifty thousand dollars to be paid to the rector and visitors of the
University of Virginia, provided they shall have received elsewhere
an additional sum of seven hundred and fifty thousand dollars."
Acts 1924, p. 583.
Chapter 482. An ACT making appropriation to the Rector
and visitors of the University of Virginia for the two years ending,
respectively, on the twenty-eighth day of February 1927, and the
29th day of February 1928, supplemental to the appropriations contained
in the general appropriation act. Approved March 25, 1926.
"Be it enacted by the general assembly of Virginia:
1. That the following appropriations of the public revenue be,
and the same are hereby, made, to the rector and visitors of the
University of Virginia for the two years ending, respectively, on
the twenty-eighth day of February, nineteen hundred and twenty-seven,
and the twenty-ninth day of February, nineteen hundred and
twenty-eight, supplemental to the appropriations contained in the
general appropriation act:
First. For the appropriation year ending February twenty-eighth,
nineteen hundred and twenty-seven:
| For additions to the medical group of buildings, sixty-two thousand and five hundred dollars |
$62,500.00 |
Provided, however, that this appropriation of sixty-two thousand
and five hundred dollars shall not be available unless and until
satisfactory evidence has been furnished to the governor of Virginia
that the sum of five hundred and seventy-five thousand dollars in
addition has been made available for the erection of said buildings
by the alumni, friends, and officials of the university.
Second. For the appropriation year ending February twenty-ninth,
nineteen hundred and twenty-eight:
| For additions to the medical group of buildings, sixty-two thousand and five hundred dollars |
$62,500.00 |
Provided, however, that this appropriation of sixty-two thousand
and five hundred dollars shall not be available unless and until
satisfactory evidence has been furnished to the governor of Virginia
that the sum of five hundred and seventy-five thousand dollars in
addition has been made available for the erection of said buildings
by the alumni, friends, and officials of the university.
2. The rector and visitors of the University of Virginia are
hereby authorized, if and when the conditions are met upon which
the foregoing appropriations are made, to proceed to enter into contracts
for the immediate construction and equipment of the additions
to the medical group of buildings, as aforesaid, notwithstanding
the fact that such additions will or may cost the sum of one hundred
and twenty-five thousand dollars in excess of amounts available for
such additions during the biennium ending on the twenty-ninth
day of February, nineteen hundred and twenty-eight." Acts 1926,
p. 798.
Chapter 489. An ACT to authorize the governing boards of
certain State institutions of higher education to issue and sell,
through the commissioners of the sinking fund, and subject to the
approval of the State Board of Education, certificates of indebtedness
in the names and on behalf of their institutions, respectively,
to raise funds for dormitory construction purposes, subject to the
conditions and limitations contained in this act; to provide for the
payment of the interest thereon and the principal thereof at maturity,
and to authorize the State Board of Education to sell any State bonds
held as a part of the Literary Fund and to invest the proceeds derived
from the sale of such bonds in the certificates of indebtedness
issued under the provisions of this act, such certificates so purchased
to become a part of the Literary Fund. Approved March 25, 1926.
"Be it enacted by the general assembly of Virginia, as follows:
1. Subject to the approval of the State board of education first
obtained, the governing boards of the University of Virginia, the
Virginia Agricultural and Mechanical College and Polytechnic
Institute, the College of William and Mary in Virginia, the State
the Virginia Military Institute, and the Virginia Normal
and Industrial Institute are hereby severally authorized, through the
commissioners of the sinking fund, to issue and sell certificates of
indebtedness in the names and on behalf of their institutions,
respectively, to raise funds for dormitory construction purposes, subject
to the conditions and limitations hereinafter set out.
2. The amount of certificates of indebtedness which may be
issued on behalf of each of the institutions herein named shall be
as agreed upon by the governing board of each institution and the
State board of Education; but the aggregate amount of certificates
issued on behalf of all the institutions herein named shall not exceed
the sum of one million dollars.
The attention of the State board of education is hereby directed
to the message of the governor of Virginia to the general assembly
dated January 13, 1926, in so far as such message deals with the
needs of the several institutions mentioned in this act.
3. The certificates of indebtedness issued under the provisions of
this act shall be signed on behalf of the institutions in the names of
which they are issued, by the presiding officers of their governing
boards, respectively, and shall be countersigned by the second auditor,
who shall keep an account thereof in his office. The certificates
of indebtedness issued under this act are the certificates of
the institutions issuing them, respectively, and not the certificates
of the State.
4. The said certificates of indebtedness shall bear interest payable
semi-annually January first and July first of each year, at a
rate to be fixed by the commissioners of the sinking fund with the
approval of the State board of education, but not exceeding four
per centum per annum. The said certificates shall be issued in such
denominations and shall mature at such time or times, not exceeding
twenty-two years from their date, as may be prescribed by the
State board of education, and shall be in such form, not inconsistent
with the provisions of this act, as may be approved by such board.
The governing board of each such institution on behalf of which
such certificates are issued may secure the payment of the interest
thereon and the principal thereof at maturity by giving a deed of
trust upon the property of such institution.
5. The commissioners of the sinking fund with the approval of
the State board of education, shall from time to time, sell the said
certificates of indebtedness for cash at such prices, not less than par,
as may be approved by them.
6. The sums of money received from the sale of the certificates
of indebtedness issued and sold under the provisions of this act shall
be paid into the State treasury by the commissioners of the sinking
fund to the credit of the institutions on behalf of which such certificates
are issued and sold, respectively, and such amounts so paid
in to the credit of such institutions, respectively, are hereby appropriated
to and may be expended by their governing boards, respectively,
for the construction of dormitories for the use of students
of the respective institutions, and for no other purposes whatsoever.
But all payments out of the treasury shall be made upon the order
of the second auditor. All plans, bids and costs of the buildings
shall be acted upon by the governing board of the respective institutions
and the State board of education. The idea of the utility
of the said buildings shall be paramount and adhered to in their
design for the purposes intended, and the consumption of space for
any non-essential purpose shall be avoided. In constructing a
dormitory at the State Teachers College at Radford, the general
design of the present dormitory shall be adhered to and it shall also
harmonize with the original building plan.
7. The State board of education is hereby authorized, in its
discretion, to sell any bonds of the State held as a part of the literary
fund and to invest the proceeds derived from the sale of such bonds
in the certificates of indebtedness issued under the provisions of this
act, such certificates so purchased to become a part of the literary
fund.
8. In order to provide for the payment of the interest on certificates
issued under this act and the creation of a sinking fund to
retire them at maturity, the governing boards of each of the institutions
on behalf of which such certificates are issued, shall cause
to be paid quarterly into the State treasury to the credit of special
accounts to be opened on the books of the second auditor for each
of such institutions, all net rents and fees received from students
or other persons for the use of the dormitories constructed with
funds derived from the issuance of such certificates of indebtedness.
The rents charged for the use of such dormitories shall not be less
and on the basis of not less than two students to a room, and the
same price for each student in excess of two to a room who may
occupy any of the rooms.
The term "net rents and fees", as herein used, shall be construed
to mean the gross rents and fees received for the use of such dormitories,
less the cost of operation and maintenance of such dormitories,
including insurance premiums, which cost of operation and maintenance
including insurance premiums shall not exceed twenty-four
hundred dollars each per annum, on the basis of dormitory costing
one hundred and fifty thousand dollars, nor shall such cost exceed
twenty-eight hundred dollars in the case of a dormitory costing
two hundred thousand dollars, and a proportionate cost for less
sums expended in building construction. It shall be the duty of
the State accountant semi-annually to audit the accounts of the
rents and fees received and disbursed by each institution, and if it
shall come to his knowledge that such accounts are not being kept
properly, or that any of such rents and fees are being devoted to
purposes not authorized by this act, he shall report the facts to the
governor.
9. If at any time any default should be made by any institution
in the payment into the State treasury of the moneys hereby required
so to be paid in for interest and sinking fund requirements,
the commissioners of the sinking fund shall direct the second auditor
to make requisition on the auditor of public accounts who shall draw
his warrant upon the then current annual State appropriation of
such institution for the amount estimated to be due. Such warrant
shall thereupon be honored and such amount disposed of in the same
manner as if it had been paid into the State treasury by such institution
as required by section eight of this act.
10. The moneys so received into the State treasury to be placed
to the credit of the special accounts mentioned in section eight of
this act shall be used by the commissioners of the sinking fund, first
to pay the interest on such certificates of indebtedness issued on behalf
of such institutions, respectively, when and as it becomes due
and payable, and the balance shall constitute a sinking fund in each
instance to retire the certificates of indebtedness at maturity. Each
of such sinking funds may be used by the commissioners of the
sinking fund to purchase and retire certificates of indebtedness for
so purchased shall be cancelled and not re-issued. To the
extent that each of such sinking funds is not used to purchase such
certificates, as aforesaid, the moneys belonging to it shall be invested
by the commissioners of the sinking fund in safe securities
at the highest rate of interest obtainable, and all interest received
on such investments shall become a part of the sinking fund in each
case. When and as such certificates of indebtedness mature, they
shall be paid by the commissioners of the sinking fund out of the
sinking funds respectively provided for that purpose. All moneys
disbursed by the commissioners of the sinking fund under this act
shall be paid out by the State treasurer on warrants of the second
auditor issued on the order of such commissioners.
11. All buildings constructed with funds derived from such
certificates of indebtedness shall be practically fireproof. They shall
be kept adequately insured by the respective governing boards of
such institutions.
12. The moneys made available by this act to the institutions
named in this act shall be used only for the construction of dormitories.
All such dormitories shall be furnished by donations, gifts,
or otherwise and shall be so kept furnished until the certificates
issued have been retired.
13. No purchasers of any certificate of indebtedness issued under
this act shall be required to see to the application of the purchase
money. Acts 1926, p. 829.
| Legislative history of the University of Virginia as set forth in the Acts of the General Assembly of Virginia, 1802-1927 | |