 | Board of Visitors minutes June 13, 1997 |  |
REPORT ON ACTIONS OF THE EXECUTIVE COMMITTEE
Mr. Leonard Sandridge reported on the following actions taken by the Executive Committee at its meetings of May 2, 1997, and May 27, 1997:
RESOLUTION ON PAVILION I
(adopted May 27, 1997)
- WHEREAS, part of the gallery of Pavilion I collapsed shortly before the start of the Commencement Exercises on May 18, 1997; and
- WHEREAS, spectators on and near the gallery were injured, one spectator subsequently dying of injuries sustained in this tragic accident; and
- WHEREAS, bystanders, members of local rescue squads, firefighters, police officers, and University staff responded instantly to this calamity, tending to the injured with skill and compassion;
- RESOLVED, The Board of Visitors expresses its profound sorrow and sympathy to the victims, and the families of the victims, of this disaster, and expresses deep gratitude to all those who cared for the injured.
APPROVAL TO INVEST AN ADDITIONAL $1,908,200 IN BLUE RIDGE HEALTH ALLIANCE, INC. (adopted May 2, 1997)
- WHEREAS, The Rector and Visitors has received a request for an additional contribution of capital from Blue Ridge Health Alliance, Inc., shareholders in order to maintain required reserve levels, as specified in the Blue Ridge Health Alliance, Inc. Board of Directors' resolution dated April 17, 1997;
- RESOLVED that the Executive Vice President and Chief Financial Officer is authorized to invest up to an additional $1,908,200 in Blue Ridge Health Alliance, Inc., to be matched proportionately by other current shareholders, per their equity interest in Blue Ridge Health Alliance, Inc.
| Board of Visitors minutes June 13, 1997 | |