 | Board of Visitors minutes January 27, 1940 |  |
SALE OF POWER LINE AT MOUNTAIN LAKE BIOLOGICAL STATION TO APPALACHIAN ELECTRIC POWER COMPANY:
The President presented to the meeting a form of deed or bill of sale by which the University
conveys to Appalachian Electric Power Company the physical properties and right of way of the 6900 volt
electric distribution line owned by the University and situated in Pembroke and Newport Districts of
Giles County, Virginia, on the waters of Mountain Lake, which nov serves the University's Biological
Station. Said instrument recites the fact that said conveyance is made in the interest of more efficient
service and in consideration of the sum of $487,00 to be paid in cash by the Appalachian Power Company
to the University. The President further stated that the form of this instrument had been approved by
Mr. Perkins, Attorney for the University, and in the opinion of the President should be executed and
delivered in the form submitted. It was, therefore-
RESOLVED that Dr. J. L. Newcomb, President of the University, be and he is hereby
authorized and empowered to execute and deliver said deed or bill of sale to Appalachian
Electric Power Company in the form submitted to this meeting, and that E. I. Carruthers,
Secretary of the Board, be and he is hereby authorized and directed to affix the corporate
seal of The Rector and Visitors of the University of Virginia to said instrument and to
attest the same, delivery of said instrument to be made upon receipt of $487.00 from said
Appalachian Power Company.
| Board of Visitors minutes January 27, 1940 | |