University of Virginia Library

LEASE TO EQUITABLE REALITY CORPORATION

President Darden laid before the Board and recommended approval of a Contract dated 15
September 1955, with attached plat by Henry L. Kinnier, leasing for five years, at fifty dollars
($50.00) a year, to the Equitable Realty Corporation of Charlottesville a triangular strip of land
approximately 103 feet in length, lying on the east side of the tract occupied by the Howard D.
Johnson Company, to be used for a driveway and for no other purpose, the Contract to be subject to
cancellation by the Lessor on thirty (30) days' notice at any time should the tract be needed by the
University, otherwise to remain in force from year to year after 15 September 1960 unless notice to
the contrary shall be given by either the Lessor or the Lessee sixty (60) days prior to that date or
to any annual anniversary of that date

The Board resolved that the Comptroller of the University be authorized and directed to execute
the proposed Contract as drawn and approved by the University's Attorney and exhibited to the Board