University of Virginia Library

RESOLUTION NO. 4

ACCEPTING OFFERS OF WILMINGTON TRUST COMPANY AND OF SCOTT & STRINGFELLOW TO
PURCHASE SAID BONDS, AND PROVIDING FOR EXECUTION, AWARD AND DELIVERY OF SAID BONDS.

An offer, in writing, of Wilmington Trust Company, as Trustee, under agreement
with Philip F. duPont, dated January 21st, 1927, to purchase four hundred thousand dollars
($400,000) face value of said bonds at par and accrued interest to date of payment
therefor, which offer is dated June 24, 1936, and an offer in writing of Scott & Stringfellow
to purchase one hundred and twenty-three thousand dollars ($123,000) face value
of said bonds at par and accrued interest to date of payment therefor, which offer is
dated June 26, 1936, were then presented to the meeting, and each of said offers was
read and the terms thereof considered in detail, said offers being in the following terms:

It was thereupon

RESOLVED: That each of said offers be, and each is hereby accepted by this
Board in the forms respectively submitted and set out in the preamble to this Resolution,
that said offers in the original form submitted to this meeting shall be filed in the
office of the Bursar; that the foregoing Resolutions designated upon the minutes of this
meeting as Numbers 2, 3 and 4, together with said two offers, are hereby declared to
make up and constitute a contract between this Institution and the holders of said bonds
which shall be as binding upon this Institution and upon said bondholders as though all
the terms and conditions of said Resolutions and of said offers to purchase had been embodied
in a separate agreement properly executed and delivered.

And J. L. Newcomb, President of the Institution, is hereby authorized and empowered
to execute said bonds in the name and on behalf of The Rector and Visitors of
the University of Virginia, and E. I. Carruthers, Secretary of the Board of Visitors, is
hereby authorized and empowered to affix the seal of the Institution to each of said
bonds, and to attest the same.

And said E. I. Carruthers, Bursar, is further authorized and empowered to cause
the coupons annexed to said bonds to be authenticated by the facsimile of his signature,
as Bursar, and the President or Bursar is hereby authorized and directed to deliver said
bonds to the purhcasers thereof upon receipt of payment therefor, in accordance with
the terms of the foregoing Resolutions and offers, said bonds being hereby awarded as
follows:

Wilmington Trust Company to have:

                   

Bonds Nos.	1- 12	Aggregating	$ 12,000.00
Bonds Nos.	25- 36	Aggregating	12,000.00
Bonds Nos.	49- 60	Aggregating	12,000.00
Bonds Nos.	77- 92	Aggregating	16,000.00
Bonds Nos.	109-124	Aggregating	16,000.00
Bonds Nos.	141-156	Aggregating	16,000.00
Bonds Nos.	175-192	Aggregating	18,000.00
Bonds Nos.	211-228	Aggregating	18,000.00
Bonds Nos.	244-523	Aggregating	280,000.00
			$ 400,000.00

Scott & Stringfellow to have.

                 

Bonds Nos.	13- 24	Aggregating	$ 12,000.00
Bonds Nos.	37- 48	Aggregating	12,000.00
Bonds Nos.	61- 76	Aggregating	16,000.00
Bonds Nos.	93-108	Aggregating	16,000.00
Bonds Nos.	125-140	Aggregating	16,000.00
Bonds Nos.	157-174	Aggregating	18,000.00
Bonds Nos.	193-210	Aggregating	18,000.00
Bonds Nos.	229-243	Aggregating	15,000.00
			$ 123,000.00

The foregoing Resolutions Nos. 2, 3 and 4 were read in full to said meeting
and discussed.

The Rector thereupon stated that said Resolutions Nos. 2, 3 and 4, together
with copies of said offers of Wilmington Trust Company and of Scott and Stringfellow, to
purchase said bonds have been presented to the Governor, and have been examined and
approved by him. A certificate setting forth this fact, and signed by Honorable George
C. Peery, Governor of the Commonwealth of Virginia, was then presented to the meeting
and ordered to be filed as a part of the minutes of this meeting.

Mr. Corbitt thereupon moved the adoption of said Resolutions Nos. 2, 3 and 4.
The motion was seconded by Mr. Stuart, and said Resolutions were adopted by the following
vote

Ayes: Mrssrs. Scott, Corbitt, Rinehart, Lewis Williams, Garnett, Gray Williams,
Stuart and Mrs. Munford.

Nays: None

The President then stated to the meeting that he had been requested by Governor
Peery to ask that the following Resolutions also be adopted.

(a) RESOLVED that no request will be made for an appropriation from the State
of Virginia for the payment of any expenses incurred in equipping or maintaining the said
project, or in providing the funds required for liquidating the indebtedness incurred for
the erection or equipment, thereof. The word "maintaining", as used in this resolution,
shall be construed in accordance with the provisions of paragraph (b) of Section 5 of
the foregoing Resolution No. 2, without application of the time limit as expresses therein.

(b) And be it further

RESOLVED that all fees and charges derived from the project shall be paid into
the State Treasury, to the credit of the University of Virginia, for expenditure for the
purposes expressed in the foregoing Resolutions Nos. 2, 3 and 4.

Said Resolutions, being read and considered, Mr. Garnett, thereupon, moved
that they be adopted, whidh motion was seconded by Mr. R. G. Williams, and said Resolutions
were thereupon adopted by the following vote.

Ayes: Messrs. Scott, Corbitt, Rinehart, Lewis Williams, Garnett, Gray Williams,
Stuart and Mrs. Munford.

Nays: None

The following motion with respect to procedure necessary to establish the legality of the
New Library Bonds was adopted:

RESOLVED, that the Rector be and he is hereby authorized to apply through the
attorney for the Rector and Board of Visitors, to any court with proper jurisdiction to
pass upon the power of the Rector and Board of Visitors to borrow money under the provisions
of the Act of 1933, Ch. 49, p. 83 as amended by Act of 1936, Ch. 123, p. 212,
from any source other than an agency of the United States and to issue bonds therefor.

The President made the following announcements:

         

Attendance as of October 22, 1936	2533
Summer session 1936 (net)	1307
Extension Division	1331
Nurses' Training School	175
Total	5346

Gifts:

 

From the late Mrs. Laura Carter Stitt,

$2,500.00.

Elections:

• Dr. Robert Dewey Hollowell was elected Associate Professor of Preventive
  Medicine at a base salary of $1,500.00.

• Dr. William N. Weaver was elected Instructor in Pathology for the session
  of 1936-37, at a flat salary of $1,500.00 for the session.

Promotions:

• Dr. J. K. Scott was promoted from Instructor to Assistant Professor of
  Pathology, at a base salary of $2,800.00 for the session of 1936-37.

• The salary of Dr. F. W. Foote, Instructor in Pathology, was increased
  from $1,000.00 to a base salary of $1,900.00 for the session of 1936-37.

The President presented to the Board the fire emergency existing in connection with the
old non-fireproof group of hospital buildings. After consideration of the matter, it was

RESOLVED, that the sum of $17,500 authorized by the Governor as a loan for the
installation of the Sprinkler System in the old Hospital Group be and the same is hereby
approved, and this sum is authorized to be expended for the purpose of the installation
of a sprinkler system and the necessary extension of the water mains connected therewith.

The President advised the Board that the University and the Theological Seminary in Virginia
jointly owned a residence, property bequeathed to the two institutions by Dr. Wm.
H. McKim, and that he had received an inquiry as to a sale price of the property. Following
a very thorough investigation of the matter by the authorities of the Seminary, it
had been decided to accept $5,500 for the said property. The President recommended the
following resolution, which was adopted.

RESOLVED, that we accept the proposal of the Theological Seminary in Virginia
to offer the house located 1005 North Calvert Street, Baltimore, and jointly owned by
the Theological Seminary and the University of Virginia at a price of $5,500, and be it

FURTHER RESOLVED, that if the sale is effected the Rector of the University be
and he is hereby authorized to execute deed on behalf of the Rector and Visitors.

The President read a proposed lease between Little Stony Game and Fisk Preserve, Incorporated,
a Virginia Corporation, and the Rector and Visitors of the University of Virginia,
whereby the party of the first part leases unto the party of the second part a tract of
land Situated in Giles County, Virginia, about one mile northeastward from Mountain Lake,
containing five hundred and seventy-three acres, more or less, for a period of 50 years,
to be used as a site for an establishment to be devoted exclusively to the promotion of
science and education, in connection with the University's Mountain Lake Biological Station.
The said lease is without cost to the University. The proposed lease was approved,
and the Rector and the Secretary authorized to execute the same on behalf of the University.

The President presented a letter from The Lawrenceville Baptist Church requesting that the
rate of interest on its loan of $5,150.00, which came to the University from the Dr. Walter
M. Seward Estate, be reduced from 6% to 5%. On motion, the reduction in interest was
made, effective October 1, 1936.

The President advised the Board that the Delta Chi Fraternity, to which the University
made a loan of $9,000 in 1923, had not only defaulted on its principal payments on said
debt, but had also defaulted on its interest since April 1, 1935, which to October 1, 1936

amounts to $510.00 and also that the University had been obliged to pay the fire insurance
premium of $60.80, making a total obligation of $9,570.80 to October 1, 1936. Furthermore,
that the Fraternity had abandoned the property and delivered the key thereto to the University.
On motion, the President was authorized to take such action as may be proper to
protect the interest of the University in the matter.

The following motion by Mr. Stuart was adopted:

RESOLVED, that the President of the University be requested to furnish the Board
at an early date with information as to the number of law graduates of the University who
have taken the Virginia State Bar Examination and the number who passed this examination
during the ten years last past, giving separate figures for each examination, and separately
the like figures for law students of the University who were not graduates.

The following motion in re: bids for excavation and footings for nee library building,
was adopted:

RESOLVED, that the action of the New Buildings Committee in heretofore advertising
for separate bids for the excavation and footing for foundation of the New Library
Building, be, and is hereby ratified and approved.

The President submitted a list of Negroes qualified to enter the University who had made
application since the last meeting of the Board and been denied admission, showing 29
individuals with grant allowances of $1,675.35.

The applications of the persons, or applicants whose names are set out below
having been considered by the Board, it is Resolved and ordered that said applicants be
and they are hereby denied admission to the University of Virginia.

                                                             

NAME	RESIDENCE	INSTITUTION	AMOUNT
Alston, George T.	Norfolk	Howard	50.00
Barksdale, Bessie C.	South Boston	U. Mich.	56.85
Brooks, Lyman B.	Blakes	U. Mich.	56.85
Cavell, W. W.	Richmond	U. Mich.	56.85
Claytor, John B.	Roanoke	Meharry M. C.	50.00
Cox, Frances Catherine	Ettrick	Columbia	75.00
Davis, Arthur P.	Richmond	Columbia	75.00
Duiguid, Wm. Sherwood	Lynchburg	Howard	50.00
Foster, R. W.	Richmond	U. Mich.	56.85
Griggs, Jesse P.	Va. Beach	Indiana U.	50.00
Henderson, Annie V.	Richmond	U. Mich	56.85
Jeffreys, Richard L.	Chase City	U. Mich.	56.85
Jeffries, L. F.	Richmond	U. Chicago	50.00
King, Montgomery W.	Buckroe Beach	Howard	50.00
Lockett, John L.	Ettrick	Rutgers U.	75.00
Martin, Matrin A.	Danville	Howard	50.00
Meekins, William R.	Hampton	Howard	50.00
Palmer, Edward Nelson	Newport News	U. Mich.	56.85
Pleasants, Alfred W.	Lexington	Meharry M. C.	50.00
Pretlow, Jocelyn C.	Smithfield	Columbia	75.00
Robinson, Selena B.	Ettrick	U. Penna.	75.00
Robinson, Spottswood W.	Richmond	Howard	50.00
Smith, Ola Margretia	Richmond	U. Mich.	56.85
Smithy, Woodrow Wilson	Norfolk	U. Mich.	56.85
Spiller, William Michael	Norfolk	U. Mich.	56.85
Tidline, Nellie Frances	Richmond	Cornell	75.00
Waddy, Joseph Cornelius	Louisa	Howard	50.00
Watman, Charles J., Jr.	Ettrick	Atlanta U.	50.00
Wingo, D. C.	Amelia C. H.	U. Mich.	56.85
		Total	$1675.35

And it appearing to the satisfaction of the Board that the persons or applicants
above named are bona fide residents and citizens of Virginia, that they possess the qualifications
of health, character, ability and preparatory education customarily required for
admission to the University of Virginia, that they are unable to obtain from any Virginia
State College, State University, or other State Institution, educational facilities equal
to those here applied for, and that such equal educational facilities can be provided and
furnished to said applicants by other colleges, universities and institutions not operated
as an agency or institution of the State of Virginia, it is further resolved and ordered
that, out of the funds appropriated by the State to the University of Virginia, said University do pay to said applicants, severally, or to the institution or institutions
attended by the, as and when needed, such sums, if any, as may be necessary to supplement
the amount which it would cost said applicants to attend the University of Virginia, said
payment to be made pursuant to the authority vested in this Board by the provisions of
chapter 352 of the Acts of the General Assembly of 1936 (Acts 1936, p. 561.). And there
is hereby appropriated for scholarships the amount of money set opposite the name of
each of the above applicants.

On motion the meeting was adjourned.