 | Board of Visitors minutes June 7, 1968 |  |
BOND ISSUE
The following resolution was adopted:
- WHEREAS the continued progress of the Commonwealth is so largely dependent on the availability of educational opportunities for its young men and women and of mental care for those in need;
- WHEREAS if the institutions are to meet these needs additional facilities are absolutely essential;
- WHEREAS the funds available to the 1968 General Assembly were sufficient to provide only a small part of the facilities now so urgently needed by these institutions; and
- WHEREAS the 1968 General Assembly, being fully cognizant of the urgency to continue the momentum toward more effective higher education and mental care, wisely decided to utilize the emergency clause in the State Constitution by directing a referendum on the issuance of $81 million in bonds to finance these facilities that will be used for years to come by many generations of students and patients;
- NOW THEREFORE BE IT RESOLVED that The Rector and Visitors of the University of Virginia respectfully recommend to the voters of Virginia the authorization of this limited indebtedness as a sound investment in the future welfare of the Commonwealth; and
- RESOLVED FURTHER that friends and alumni of the University of Virginia are urged to work actively for the approval of the bond issue, inasmuch as the University and its affiliates will receive therefrom funds to support the cost of facilities necessary to enable them to fulfill their obligations to the people of Virginia.
| Board of Visitors minutes June 7, 1968 | |