University of Virginia Library

EVELYN MAY BAYLY TIFFANY TRUST

Upon the recommendation of the Finance Committee, the following resolution was adopted:

BE IT RESOLVED that the proposal of the Safe Deposit and Trust Company of Beltimore, Trustee
under the Sixth paragraph of the will of Evelyn May Bayly Tiffany, copy of which is attached hereto,
to sell certain securities constituting the trust estate, fully described on an office memorandum of
Safe Deposit and Trust Company of Baltimore attached hereto, and to buy certain securities likewise
described on said office memorandum, at the approximate prices thereon set out, thus resulting in the
production of sufficient income to pay the remaining annuities of the said trust without dimishing
the principal, which upon the death of the annuitants goes to the University of Virginia, all as set

out in a certain letter from Mr. George Pausch, President of the Safe Deposit and Trust Company of
Baltimore attached hereto, dated July 30, 1947, be and the same hereby is approved in every respect, and
the Trustee requested to take the proposed steps.