University of Virginia Library

RESOLUTION AUTHORIZING EXECUTION OF AMENDATORY LOAN
AGREEMENT - HUD CLINCH VALLEY COLLEGE

The following resolution was adopted:

• WHEREAS, The Rector and Visitors of the University of Virginia, a public educational institution, organized and existing under and by virtue of the laws of the Commonwealth of Virginia (herein called the "Borrower"), has heretofore entered into a certain Loan Agreement dated as of May 1, 1969, (herein called the "Loan Agreement") with the United States of America, Department of Housing and Urban Development (herein called the "Government") with respect to a loan to the Borrower under Title IV of the Housing Act of 1950, as amended; and
• WHEREAS, the Borrower has requested that certain revisions be made in the said Loan Agreement, and the Government has pursuant thereto submitted to the Borrower a certain Amendatory Loan Agreement dated as of May 1, 1970, (herein called the "Amendatory Loan Agreement"), for approval and execution by the Borrower, which said Amendatory Loan Agreement is satisfactory;
• NOW, THEREFORE BE IT RESOLVED by The Board of Visitors of the Borrower that the said Amendatory Loan Agreement, a copy of which is attached hereto, be and the same is hereby approved. The Comptroller is hereby authorized and directed to execute the said Amendatory Loan Agreement in the name and on behalf of the Borrower, in as many counterparts as may be necessary, and the Secretary is hereby authorized and directed to affix or impress the official seal of the Borrower thereon and to attest the same. The proper officer is directed to forward the said executed counterparts of the said Amendatory Loan Agreement to the Government, together with such other documents evidencing the approval and authorization to execute the same as may be required by the Government.