Board of Visitors minutes October 11, 1974 | ||
RESOLUTION GOVERNING CUSTODIAN ACCOUNT WITH UNITED
VIRGINIA BANK
The following resolution was adopted:
- RESOLVED, that United Virginia Bank is designated a custodian depositary of this corporation, of securities, funds, and other property, upon the terms and conditions set forth in the Custody Agreement dated October 11, 1974, a copy of which was presented to the meeting, and United Virginia Bank is authorized to accept the deposit thereof in any account of this corporation, from any source and cause the whole or any part thereof to be registered in the name of said bank's nominee, endorse the name of this corporation, or do any and all things necessary to acquire possession thereof, and of benefits incident thereto; and is directed to hold, exchange, acquire, buy, sell, withdraw, pledge, transfer, deliver (in negotiable or non-negotiable form), or dispose of the same, or furnish information with respect thereto, charge any account of this corporation with the cost thereof, or assessment, fee or obligation thereon, and/or take any action whatsoever relating thereto or connected therewith upon the written orders, directions or instructions of any of the three following officers of this corporation who are hereby authorized to give orders, directions and instructions in the name, and on behalf of the Rector and Visitors of the University of Virginia: Vice-President for Business and Finance, University Comptroller or Treasurer; and shall have a lien on any property of this corporation in its possession for any obligation of said corporation connected with any such property so received into custody; and
- RESOLVED that the Vice-President for Business and Finance or the University Comptroller is hereby authorized to execute and deliver for and on behalf of this corporation the aforesaid Custody Agreement, and the Secretary or an Assistant Secretary is authorized to affix and attest the seal; and
- RESOLVED, that the Secretary or an Assistant Secretary of this corporation is directed to certify and deliver a copy of these resolutions under the seal of this corporation to said United Virginia Bank, together with the names of its present Vice-President for Business and Finance, University Comptroller, and Treasurer and their specimen signatures; and that said bank may deal with such officers accordingly until notified in writing to the contrary.
- Mr. Robert Buford and Mr. Lawrence Lewis did not vote, and neither of them participated in the discussion.
Board of Visitors minutes October 11, 1974 | ||