 | Board of Visitors minutes July 19, 1939 |  |
COFFINBERRY LAND SALE:
The President advised that the American Investment Company of Peabody, Kansas,
had negotiated a sale of the Coffinberry Land owned by the University of Virginia and
located in Peabody, Kansas, to Fred Gard, in Peabody, for the sum of $1550.
The terms of the sale were $550 cash, with the remaining $1,000 payable on or
before March 1, 1940 without interest.
The Rector of the University was consulted and approved of this sale. A
contract was thereupon prepared in triplicate, with deed to be placed in escrow with the
agency until final payment is made. On July 6, 1939 the Rector and the Secretary
executed the contracts and deed and mailed them to the agency, retaining a copy of the
contract which is made a part of the minutes of this meeting. Whereupon it was
RESOLVED, by the Executive Committee of the Rector and Visitors of the University
of Virginia, that the action of the Rector and Secretary in entering into this
agreement and executing this deed be and the same is hereby ratified and confirmed in
all respects.
| Board of Visitors minutes July 19, 1939 | |