University of Virginia Library

LAW CLASS OF '02 FUND

The Law Class of 1902 has established a trust fund to be administered by the First and
Merchants National Bank of Richmond. Prior to the establishment of this fund, Mr. Owsley Brown
wished to donate to the fund 1000 shares of the Brown-Forman Distillers Corporation. Pending the
establishment of the fund, Mr. Brown was advised by the University's Special Counsel to register
the securities in the name of The Rector and Visitors of the University of Virginia. The University
has been holding these securities pending establishment of the trust, whereupon the following resolution
was adopted

RESOLVED by the Board of Visitors of The Rector and Visitors of the University that
1000 shares of Junior Preferred Stock of the Brown-Forman Distillers Corporation be transferred to
the First and Merchant's National Bank of Richmond as trustee of the Law Class of 1902 Fund.