 | Board of Visitors minutes April 6, 1973 |  |
THE RECTOR AND VISITORS OF THE
UNIVERSITY OF VIRGINIA
April 24, 1973
| To: | The Board of Visitors: | |
| Joseph H. McConnell | Lawrence Lewis, Jr. | |
| C. Waller Barrett | Edwin K. Mattern | |
| Mrs. E. Parker Brown | Brownie E. Polly, Jr. | |
| Robert P. Buford | William S. Potter | |
| Warren B. French, Jr. | Donald E. Santarelli | |
| J. Hartwell Harrison | Hugh Scott | |
| W. Wright Harrison | J. Harvie Wilkinson, III | |
| William E. Leggett | William L. Zimmer, III | |
| From: | Raymond C. Bice | |
| Subject: | Correction in the Minutes of the Board Meeting on April 6, 1973 |
A correction needed in the Board minutes of April 6, 1973 has been called to my attention. The correction is as follows:
On page 680 of the minutes of April 6, 1973 change the first paragraph to read as follows:
Mr. Potter also reported that included among the endowment funds of the University are securities of Equity Funding Corporation of America having a cost value of approximately $1,000,000: that on March 26, 1973, John W. Bristol and Company, the investment counsel to the University, had sold such securities to or through Solomon Brothers in New York City; trading in the securities of Equity Funding Corporation had been suspended by the New York Stock Exchange on March 27, 1973, and that the purchasers of the University holdings had now refused to honor the sale. Mr. Potter expressed concern regarding the transaction and hope that the University may avoid the loss of the entire amount of its investment.
RCB:jb
Copies to: President Edgar F. Shannon, Jr.
Mr. Neill H. Alford, Jr.
Vice-President David A. Shannon
Vice-President Vincent Shea
Vice-President Edwin M. Crawford
Vice-President Kenneth R. Crispell
Vice-President D. Alan Williams
| Board of Visitors minutes April 6, 1973 | |