University of Virginia Library

REVOCATION OF ORIGINAL TRUST

THIS AGREEMENT made the fifth day of December, 1923, between PAUL
G McINTIRE of Charlottesville, Virginia, party of the first part,
UNITED STATES TRUST COMPANY OF NEW YORK, party of the second part, and
the TRUSTEES OF THE UNIVERSITY OF VIRGINIA, of Charlottesville,
Virginia, parties of the third part

WITNESSETH

• WHEREAS the party of the first part hereto by an indenture of
  trust dated the 23rd day of June, 1922, conveyed to the
  party of the second part hereto $160,000 par value United
  States of America Third Liberty Loan converted 4-1/4% bonds
  and $40,000 par value trust for the uses and purposes in
  said indenture of trust set forth, one of the said uses and
  purposes being that upon the death of Charlotte Virginia
  McIntire and Anna D McIntire, the party of the second part
  should pay to the Trustees of the University of Virginia
  the net income from said trust fund to provide for certain
  scholarships at the University of Virginia to be awarded as
  provided by said indenture of trust, and

• WHEREAS the party of the third part hereto has requested the
  party of the first part hereto to revoke the said deed of
  trust and to execute a new deed of trust containing other
  provisions governing the awarding of scholarships and

• WHEREAS the parties of the first and second parts are willing
  that the said deed of trust should be revoked and a new
  trust created provided they are released from all liablity
  on account of the said revocation and indemnification for
  any liability under the said deed of trust

NOW THEREFORE, in consideration of the mutual covenants herein
contained and of the sum of one dollar each to the others in hand
paid, the receipt whereof is hereby acknowledged, the parties hereto
hereby agree with each other as follows

The party of the first part hereby revokes the said indenture of
trust dated June 23, 1922 and acknowledges that he has received from
the party of the second part all of the property constituting the said
trust fund vis $160,000 par value United States of America Third
Liberty Loan converted

4-1/4% bonds and $40,000. par value United States of
America Fourth Liberty Loan 4-1/4% bonds. The party of the
second part consents that the said deed of trust be revoked and
the parties of the first and third parts agree that they will
indemnify the party of the second part from any claim, depts,
dues or demands whatsoever which may ever be made against
it by any person on account of its consent to the said revocation,
and the party of the first part further agrees that
he will immediately upon the execution of this agreement execute
a new deed of trust to the party of the second part containing
exactly the same provisions as the deed of trust of June 23,
1922, except the provisions governing the awarding of scholarships
as aforesaid, and that he will reconvey and deliver to
the party of the second part hereto the property hereby receipted
for.

IN WITNESS WHEREOF the parties hereto have executed this
agreement in triplicate the day and year first above written.

(Signed) Paul G. McIntire.
UNITED STATES TRUST COMPANY OF NEW YORK

BY:

Vice President.