University of Virginia Library

COPY OF WILL OF
ROBERT LEWIS PARRISH.

I, Robert Lewis Parrish, son of Robert Lewis and Margaret

Care Parrish, of Covington, Virginia, being of sound mind
and in good health, hereby revoking all other wills at any
time heretofore made by me, do make, publish and declare this
my last will and testament in manner and form as follows, to-wit:

I give, devise and bequeath to my wife, Gray Morehead
Parrish, the real estate and buildings and improvements on
which I now reside on the northeast side of Maple Avenue
in the town of Covington, Virginia, along with all personal
property therein or thereon at the time of my death, for and
during the time of her natural life with remainder after her
death to my brother Philip Percy Parrish, or until she the
said Gray Morehead Parrish shall again marry, in which event
the same shall become the property of said Philip Percy
Parrish, absolutely.

I give, devise and bequeath to the said Gray Morehead
Parrish absolutely, the sum of twenty five thousand dollars
cash ($25,000.00).

Out of my private library contained in said residence
I hereby request the said Gray Morehead and Philip Percy
Parrish to give to the University of Virginia Library (to
the Rector and Visitors of the University of Virginia) one
thousand volumes and to the Virginia State Library, one
thousand volumes, said volumes to be selected by said
Libraries with the consent of the said Gray Morehead Parrish.

I give, devise and bequeath to the Trustees of Emmanuel
Episcopal Church at Covington the lot fronting on Maple
Avenue in Covington between the Church lot and the lot sold
by me to Mrs. Sadie R. Rogers. Also the sum of ten thousand
dollars. I hope said Trustees will erect a handsome church
and place therein suitable memorials to my late mother and
father.

I give, devise and bequeath to the Rector and Visitors
of the University of Virginia the sum of fifty thousand dollars,
($50,000.00).

All the rest and residue of my estate, real and personal
and mixed I wish to be divided between the said Gray Morehead
Parrish and Philip Percy Parrish, one-third to the said
Philip Percy and two-thirds of the said Gray Morehead, Gray
Morehead Parrish taking her share for and during the term
of her natural life with remainder after her death to the
said Philip Percy Parrish or till her marriage again, in which
event her share last named shall be and become the property
of the said Philip Percy Parrish absolutely.

I hereby nominate and appoint my wife Gray Morehead Parrish,
my brother Philip Percy Parrish, my brother-in-law, John

Motley Morehead of Chicago and my friend, W. W. Taylor
of Lynchburg, Virginia, Executors of this my last will and
testament and I hereby request the court or courts in which
the same is admitted to probate to allow them to qualify
as such without giving any security whatever.

The whole of this will including the signature thereto
is written with my own hand.

Given under my hand and seal this 8th day of May, 1912.

(signed) Robert Lewis Parrish [Description: (seal)]

CODICIL No. 1. to the above will made this 25th day of
May, 1912.

The legacy of fifty thousand dollars ($50,000.00) above
made in favor of the Rector and Visitors of the University
of Virginia is hereby revoked, and instead thereof I hereby
give, devise and bequeath to said Rector and Visitors of the
University of Virginia the sum of fifty thousand dollars
($50,000.00) to be paid after the marriage or death of the
above mentioned Gray Morehead Parrish.

I hereby confirm the above will and as interlined and
erased.

Given under my hand and seal this 25th day of May, 1912.

(signed) Robert Lewis Parrish [Description: (seal)]

CODICIL No. 2. to the above will dated May 8th, 1912.

Since the making of the above will I have become directly
or indirectly liable to the extent of about $150,000.00 jointly
with W. W. Taylor on account of the Oriskany Ore & Iron Corporation.
I desire my executors above named to pay onehalf
(1/2) of all of said indebtedness out of money that may
come into their hands at the tim of my death, taking therefor
the note or obligation of the Oriskany Ore & Iron Corporation.

CODICIL No. 3. I hereby bequeath the books above mentioned
to the University of Virginia and State of Virginia after
the death/of said Philip Percy Parrish.

or marriage of the said Grey Morehead Parrish and after the death
Given under my hand and seal this 25th day of July, 1913.

(signed) R. L. Parrish [Description: (seal)]

Said will was admitted to probate in the Clerk's Office
of Allaghany County, Virginia, on or about the 15th day of
August, 1915, and was duly recorded in said office.

Shortly thereafter the widow of said Robert L. Parrish,

Mrs. Gray Morehead Parrish, acting in accordance with provisions
of Section 2559 of the Code of Virginia, renounced said will
and elected to claim her dower in one-third of the real estate
of which her husband died seized and possessed, and her distributive
share in his personal property one-half thereof
absolutely).

On the       day of        , 1915, the said Gray Morehead
Parrish, Philip Percy Parrish, John Motley Morehead and
W. W. Taylor, qualified in said Clerk's Office of the Circuit
Court of Alleghany County as Executors of the said Robert
L. Parrish, entering into bond without security in the sum
of $500,000.00. Subsequently the amount of said bond was reduced
to $300,000.00, and on motion of certain parties in
interest, security was furnished thereon and approved by
said Court.

From the date of their said qualification until the 11th
day of December, 1916, said Executors held said estate practically
intact. During the early part of the year 1916, adjustment
was made by them of the liabilities referred to in
the second Codicil of said will, and all debts having been
settled in full, said Executors proceeded on said 11th day of
December, 1916, with the distribution of the personal estate
then in their hands, and at that time turned over to the said
Gray Morehead Parrish, the widow, one-half of all intangible
personal property so held by them. At the same time settlement
in full was made with Connie Brown, and the bequest to the
Trustees of Emmanuel Episcopal Church was satisfied to said
Trustees in full.

Furthermore, said Executors delivered practically all of
the residue of the intangible property remaining in their
hands after making said payments, to the Covington National
Bank, with instructions to said Bank to deliver same or any
part thereof to such person or persons as might be designated
in a written order signed by J. M. Perry, Attorney for said
Philip Percy Parrish, and also signed by W. Allan Perkins,
Attorney for the Rector and Visitors of the University of
Virginia; and upon such delivery, proper receipt to said
Executors to be taken by said Bank.

Under the terms of said will the said Philip Percy
Parrish and said The Rector and Visitors of the University of
Virginia each have an interest in the property so held by
said Bank.

And in order that all questions with reference to the respective
amounts due each of these parties, the date at which
each of them is entitled to possession thereof, and any and
all questions which have arisen or may arise by virtue of the
renunciation of said will by said widow as aforesaid, may be

forever set at rest, the said Philip Percy Parrish, party of
the first part, and said The Rector and Visitors of the
University of Virginia, hereinafter called the "University",
of the second part, do hereby agree and bind themselves to
abide strictly by the provisions hereinafter set out, which
are as follows:-

FIRST

The sum of fifty thousand dollars ($50,000.00), made
up of cash and of securities bearing not less than six
per cent (6%) interest, shall be delivered to said University
immediately upon the execution of this contract. And
after the receipt of said amount by it said University will
pay to the said Philip Percy Parrish the sum of twenty-two
hundred and fifty dollars ($2250.00) per annum during the whole
of his natural life, said amount to be paid in semi-annual
installments of eleven hundred and twenty-five ($1125.00)
dollars each, the first of these payments to be made six months
after the date of the receipt of said fifty thousand dollars
($50,000.00) by said University, if said Parrish be then
living, and the subsequent payments to be made at intervals
of six months thereafter until the death of said Philip Percy
Parrish; said annuity to cease and determine upon payment of
the last installment immediately preceding the death of said
Philip Percy Parrish, unless such death shall occur at least
three months after any appointed day of payment on account
of said annuity, in which event the current installment
of said annuity shall be pro rated as of the date of such
death.

SECOND

Immediately upon the execution of this contract by said
parties of the first and second parts, said J. M. Perry and
W. Allan Perkins, Attorneys as aforesaid, shall deliver to
said Covington National Bank an order in writing signed
by them on behalf of their respective principals, directing
said bank to deliver to said Perry and Perkins, Attorneys as
aforesaid, the following securities:

Bonds of the Oriskany Ore & Iron Corporation of the face
value of twnty-two thousand, five hundred dollars ($22,500.00).

Certificates for four hundred and fifty shares of the
common stock of said Oriskany Ore and Iron Corporation, which
said stock, under the financial plan adopted by said Corporation
goes with the bonds aforesaid as a bonus at the ratio of two
dollars ($2.00) par of stock for one dollar ($1.00) face value
of bonds.

Seventy-four (74) shares of the capital stock of the
Covington National Bank of Covington, Virginia.

Twenty-five (25) shares of the capital stock of the Peoples'
National Bank of Lynchburg, Virginia.

Twenty-seven (27) shares of the capital stock of the
Covington Grocery Company, of Covington, Virginia.

Two Masonic bonds for five hundred dollars ($5000.00)
each, Covington Lodge, No. 171, Covington, Virginia.

And the said Parry and Perkins, Attorneys as aforesaid,
shall proceed at once to sell the seventy-four (74) shares
of Covington National Bank stock and the twenty-five (25)
shares of stock of the Peoples National Bank of Lynchburg,
Virginia, holding the proceeds derived from such sales for
the purpose hereinafter set out.

THIRD.

As soon as the sale of said bank stock is made and the
amount derived therefrom definitely ascertained, said Philip
Percy Parrish shall execute and deliver to said attorneys
his bond in an amount equal to the difference between the
net sum received by them for said bank stock and fifty thousand
dollars ($50,000.00). Said bond shall bear date as of its
delivery and be payable to said Rector and Visitors of the
University of Virginia, at the Peoples National Bank of
Charlottesville, Virginia, on or before the date of death of
the said Philip Percy Parrish, with the right of the obligor
of anticipating payment in whole or in part, shall bear
interest at the rate of six per cent (6%) per annum, said
interest to be paid semi-annually, contain a waiver of the
homestead exemption and be secured by a deed of trust constituting
a first lien upon all of the real estate owned by said
Philip Percy Parrish and situated in the town of Covington
and County of Alleghany, Virginia, said deed to be drawn
in such form as to be acceptable to said University.

FOURTH.

Immediately upon the execution of said bond and deed
of trust and delivery of the same to said Perry and Perkins,
Attorneys as aforesaid, said Attorneys shall deliver to said
University the total amount derived by them from sale of the
bank stock as aforesaid, together with said bond and deed
of trust securing same, and as additional and collateral
security for the payment of said bond they shall also deliver
to said University the bonds and stock of the Oriskany Ore
& Iron Company, the twenty-seven (27) shares of Covington
Grocery Company stock, and the two Masonic bonds as enumerated
above, all of which shall be properly assigned in blank
and endorsed by said Philip Percy Parrish.

FIFTH.

It is expressly understood and agreed that within six months
from date of delivery of same to said University, the said
Philip Percy Parrish will make sale of the twenty-seven (27)

shares of Covington Grocery Company stock and when such
sale is made the amount derived therefrom, which the said
Parrish guarantees shall not be less than One hundred and
forty Dollars ($140.00) per share net, shall be paid directly
to said University and credited by it upon the principal
amount of said Parrish's bond aforesaid. If sale of said
stock is not made by said Parrish within six months, as
above, then said University shall be at liberty to sell and
deliver, said stock, crediting the proceeds therefrom upon
said Parrish's bond as aforesaid.

The Oriskany bonds and the Masonic bonds above referred
to may be sold at any time by said University or collected
by it at maturity, and amounts so derived are also to be
credited upon said Parrish's bond as aforesaid. Oriskany
stock shall also be sold by said University and the proceeds
likewise applied as a credit upon said bond. And in case
of a sale. or sale, of said bonds, or any of them, or of said
stock, full authority is hereby vested in said University
to consummate the same at such price as it may see fit, and
make delivery of said bonds and stock to the purchaser.

SIXTH.

All of the property delivered to said University in
accordance with the foregoing terms, except the securities
turned over to be held by it as collateral for said Parrish's
bond, shall immediately upon such delivery become
the absolute property of said University and be held by it
in fee simple. Title to said collateral shall remain in
said Parrish, of course, subject, however, to the right hereinbefore
given said University to sell and deliver the same
and apply the proceeds to the payment of said Parrish's
bond.

IN TESTIMONY WHEREOF the said Philip Percy Parrish
has hereunto affixed his signature and seal, and said Rector
and Visitors of the University of Virginia has caused its
name to be signed hereto by Armistead C. Gordon, Rector, and
its Corporate Seal to be hereunto affixed and attested by E.
I. Carruthers, its Secretary, this 31st day of January, 1917.