University of Virginia Library

SALE OF PETERSBURG PROPERTY OF SEWARD ESTATE

The President stated that offers had been received through Mr. Churchill Gibson Dunn,
Attorney, of Petersburg, for the purchase of the following lots situated in the City of Petersburg
and all of which were conveyed to the University by a deed of Helen F. Guthrie and M. H. Guthrie,
her husband, dated September 30, 1935, and recorded in the Clerk's Office of the Hustings Court
of the City of Petersburg in D. B. 130, p. 521. Said conveyance was made by Mr. and Mrs. Guthrie
to the University in settlement of an indebtedness owed by them to the estate of the late Walter
F. Seward. Said offers are as follows

(1) By Robert C. Daugherty to purchase Lots 57, 58, 59, 60, and 92, Washington Park
Subdivision, at the price of $500.00 cash,

(2) By Edna J. Valentine to purchase Lots 52 and 53, Washington Park Subdivision, at the
price of $230.00 cash,

(3) By Earl Walker to purchase Lots 9, 10, 11, 83, and 84, Washington Park Subdivision,
at the price of $700.00 cash,

(4) By T. T. Musgrove, Jr., to purchase part Lot 5, St. Luke Street, sometimes designated
as Lot 408-Heights, being a lot fronting 57½ feet on north side of St. Luke Street in Petersburg
and extending back therefrom between parallel lines 150 feet, at the price of $410.00 cash.

The sum of the above offers is $1,840.00, from which is to be deducted 5% real estate
agent's commission, leaving net purchase price to the University of $1,748.00.

The President stated that every effort had been made to sell these lots and that the
above amount is the best price that has been offered and recommended the acceptance thereof.

It was, thereupon,

RESOLVED that the offers above referred to for the lots in question be and are hereby
accepted, and Colgate W. Darden, Jr., President of The Rector and Visitors of the University of
Virginia, is hereby authorized and directed to execute deeds conveying said properties to the
respective purchasers, with special warranty of title, and Vincent Shea, Secretary of this Board,
is hereby instructed to affix the corporate seal to each of said deeds and to deliver said deeds
to Mr. Churchill Gibson Dunn for delivery by him to the respective purchasers upon receipt by him
of the purchase price from each.