University of Virginia Library

— IV. —

Power of Trustees

1. If at any time the University fails to comply with the
provisions of this agreement as to the nature and extent of
courses to be offered, and the qualifications and duties of
the professor to be appointed, it shall become the duty of the
Trustees to withhold the support of the Chair until such failure
is remedied. But such withdrawal of support shall never
be made during a session of the University, while a course or
courses are in progress as provided above. Nor shall support
ever be withdrawn from the occupant of the Chair or his assistants
without three months' notice, except for such conduct as
would lead to their summary dismissal from the teaching staff
of the University.

Should the work of the Chair cease for three successive
years under the provisions of this article, the endowment of
the Chair shall revert as provided in S I, Article 5, above.

Change of Trusteeship:

2. If at any time the Christian Woman's Board of Missions
desires to discontinue acting as Trustee of the endowment of
the John B. Cary Memorial Chair of Biblical History and Literature,
at the University of Virginia, under the conditions
hereinbefore stated, it shall then become their duty to turn
over to a Board of Trustees in Virginia all the endowment and

other property of the Chair, to be administered by the new
Board of Trustees exactly as hereinbefore provided, Such
Board of Trustees shall be made up of seven men of recognized
Christian character. Four of them shall reside in the
vicinity of the University of Virginia, and three in Virginia
at large. Not more than three of them shall be members of
one and the same Christian denomination. A majority of them
shall constitute a quorum. They shall meet at the University
at least once a year for the transaction of the business of
their office. One of their number shall be Secretary and
Treasurer. He must reside in Charlottesville, and he must
give suitable bond for the faithful discharge of his duties.
No Trustee can be under 35, or over 65 years of age.

This Board shall be originally appointed by the Executive
Committee of the Christian Woman's Board of Missions
when giving up the trust. After that the Board of Trustees
shall be self-perpetuating, filling vacancies at the meeting
next succeeding the occurrence of such either by death, resignation,
or reaching of age limit.

Copies of Agreement:

A copy of this Agreement shall be placed and kept with
therecords of the Board of Visitors; a copy shall be kept
by the Secretary of the Board of Trustees, and acopy furnished
every incumbent of the Chair when he accepts the
appointment.

On motion, the Board adjouned.