 | Board of Visitors minutes January 6, 1908 |  |
January 6th, 1908.
At a called meeting of the Board of Visitors on above
date in the President's Office, East Lawn,
Present: The Rector, and Visitors Harmon, Norton, White,
Moore, Buchanan, Flood, and Craddock, and the President,
The Board was called to order at 2:30 P. M., by the Rector,
and the following was adopted:
Resolved That Mr. Walter H. Robertson be allowed to
substitute six law tickets chosen from Junior and Senior Law
courses, for the six Junior Law tickets; the same to be accepted
in lieu of the electives-at-large required for the B.
A degree, in accordance with the recommendation of the Faculty.
Resolved: That the necessary advertisement required by
statute for the election of a professor of pharmacology, be
made by the President.
Resolved: That the Board is gratified to hear of the
settlement of the question involved in the litigation respecting
the James will, and wishes to record its thorough appreciation
of the very able and effective services rendered by
Mr. Wm. H. White and his associates in representing and protecting
the interests of the University.
Resolved That the Faculty be requested to allow Mr.
James B. Green of the University of Virginia, licentiate in
law, to have the following card in the next catalogue, either
at the end of the law course, or in the back of the catalogue,
without causing additional postage expenses -
Special Summer Law Course.
I hereby offer a special course of ninety lectures as
follows: Rights, Wrongs, and Remedies,-Thirty. Evidence,Twenty.
Equity,-Twenty, and Real Property,-Twenty. Beginning
July first, and ending September first 1908. Fee forty
dollars, on entering. No text-books will be required, as I
give a full synopsis of course, and students will have the
use of the Law Library without extra charge.
James B. Green, Licentiate in Law,
University of Virginia, Charlottesville, Va.
Resolved: That the Rector, President, and Wm. H. White
be and are hereby authorized to prepare or cause to be prepared
a suitable bill to be presented to the General Assembly at its
coming session, authorizing the Rector and Board of Visitors
to accept and administer the device and bequest to the University,
contained in the will of the late Edward W. James, of
Norfolk, Va.
Resolved That the consideration of the question of
changes in the Academic degrees proposed by the Faculty, be
postponed for determination at a future meeting of this Board.
Resolved That the resolution adopted at the last meeting
relative to the employment of Mr. Moon be changed so as to
read as follows "That Mr. John B. Moon be continued as General
Counsel of the Board at a salary of $1000.00 per annum,
in full of services and all expenses."
Resolved: That a committee of three be appointed to investigate
and report to the Board the price of books charged
Committee. Visitors Flood, Harmon, and Norton.
The following correspondence of the Chairman of the Finance
Committee was approved and adopted as his report to the
Board,-
University of Virginia,
Charlottesville, Va.
Enclosed please find copy of my letter to The Virginia
Trust Co. of this State, which you will please file as my report
on the loan of $12,000.00 to Messrs. A. W. Mosby and H.
E. DeWitt.
I will see that the permanent insurance policies are forwarded
to The Virginia Trust Company at an early date.
Richmond, Va.
I am sending you herewith, for the account of the Rec-
tor and Visitors of the University of Virginia:
a. Bond of $10,000.00 of A. W. Mosby and H. E. DeWitt,
payable five years from January 1, 1908, with interest at six
per cent, evidenced by coupons, payable January 1st and July
and so carried on your books.
b. Bond of A. W. Mosby and H. E. DeWitt, of $2,000.00,
maturing five years from January 1, 1908, bearing interest at
six per cent., payable semi-annually, January 1st and July
1st, evidenced by coupons. This amount is to be credited and
carried as the Valentine Birely Scholarship Fund.
c. Deed of Trust, properly recorded, on business property,
located on Main Street, Lynchburg, Virginia, securing
these bonds.
d. Abstract of title to property, prepared by Sackett
& Sacks, Attorneys, Lynchburg, Va.
The form of bonds, deed of trust and abstract of title
have been examined and approved by John B. Moon, Attorney for
the University.
I have, in my possession, Builders' Risk insurance policy,
to cover the building, which is now nearing completion,
for $5,000.00. As soon as the building is completed, I will
have the permanent insurance for $10,000.00 taken out and forwarded
to you, to be filed with these papers, as is contemplated
in the deed of trust. The lot is valued at between
$8,000.00 and $10,000.00, and the building will cost $17,000.00.
Kindly acknowlege receipt of these papers; and I will
thank you also, to advise me of your decision in reference
to the matter of compensation on the bond transaction with
the National Exchange Bank. I have not heard from you in
of business upon you at this period.
Yours truly,
University of Virginia,
Charlottesville, Va.
The Virginia Trust Company insists upon its charge of
$150.00 for its services with the loan of bonds to the National
Exchange Bank. Mr. Gilliam, President of the Bank,
took the position, in which I concurred, that $50.00 was a
fair amount for his bank to pay for this service, and, while
I feel that the charge of the Virginia Trust Company is somewhat
excessive, inasmuch as they have declined to reduce it,
I have authorized them to charge the account of the University
of Virginia with $100.00, in settlement of balance on
this transaction.
This act on my part was authorized by the Visitors at
the last meeting of the Board.
Chairman Finance Committee.
On motion, the Board adjourned.
Secretary.
Rector.
| Board of Visitors minutes January 6, 1908 | |