University of Virginia Library

CHRISTIAN ESTATE, DISCHARGE OF CLAIM

Following a discussion by President Darden, the Board adopted the following resolution:

WHEREAS, Dr. David A. Christian, III, while a student in the Department of Medicine of the
University of Virginia, was the recipient of two State Rural Medical Scholarships, one of these,
for part of a year, in the amount of $229.16, being received by him during the session of 1945-46,
and the other, for a whole year, in the amount of $550.00, being received by him during the
session 1946-47. In accordance with the requirements of the Act of Assembly establishing such
State Rural Medical Scholarships, said Dr. David A. Christian, III, delivered to the Bursar of
the University of Virginia, Life Insurance Policy No. 113,908, issued on March 6, 1946, by
Peoples Life Insurance Company, Washington, D.C., on his life, in the amount of One Thousand
Dollars ($1,000.00) in which the University of Virginia was the named beneficiary, said policy
to be held as security for the fulfillment of the obligations of said Dr. Christian under the
requirements of said Act of Assembly, and,

WHEREAS, said Dr. Christian having fully complied with the requirements of said Act of
Assembly and having discharged said obligation, the above numbered policy was returned to said
Dr. Christian, but through oversight, he failed to have a new beneficiary named therein prior to
his death, and,

WHEREAS, it is a fact that said Dr. Christian is not now in any way indebted to the
University of Virginia, that the sole purpose of naming the University of Virginia as beneficiary
under said policy was to secure indebtedness to the University of Virginia existing at the time
said policy was issued, but which does not now exist, and that the University of Virginia under
these conditions is not entitled to the proceeds of said policy.

NOW, THEREFORE, BE IT RESOLVED, by The Rector and Visitors of the University of Virginia,
that it hereby disclaims and waives any and all interest in the proceeds of Policy No. 113,908,
issued by Peoples Life Insurance Company, Washington, D.C., on the life of Dr. David A. Christian,
III, in the amount of One Thousand Dollars ($1,000.00), in which the University of Virginia is
named as sole beneficiary, and releases said Peoples Life Insurance Company from any claim or
liability to The Rector and Visitors of the University of Virginia thereunder.