University of Virginia Library

HUGH E. VINCENT SUCCESSION

President Darden laid before the Board a communication from the University's Special Counsel,
Mr. C. Venable Minor, pointing out that the adequate handling of the real estate in the Hugh E.
Vincent Succession, in which the University has an interest, requires the presence in New Orleans,
Louisiana, of a representative of the University legally authorized to make prompt decisions

On motion, duly seconded, the Board thereupon resolved as follows:

WHEREAS, by resolution adopted April 11, 1952, this Board authorized Wayne G. Borah of New
Orleans, Louisiana, to act for it in conjunction with the Executors of the Succession of Hugh E.
Vincent, Mrs. Mildred Saffold Vincent, the widow and Usufructuary of the decedent, Hugh E. Vincent,
and with the other two Naked Owner legatees under the will of the said Hugh E. Vincent, namely -
Trinity Church and The Administrators of the Tulane Educational Fund, in the handling of the real
estate which forms part of that Succession, and

WHEREAS, under date August 24, 1955, a judgment was rendered by the Civil District Court of
Orleans Parish, Louisiana, placing the said Usufructuary and Naked Owners in possession of the
said real estate and it is, therefore, necessary that this institution act in conjunction with
the said Usufructuary, Mildred Saffold Vincent, and the other two Naked Owners, namely, - Trinity
Church and The Administrators of the Tulane Educational Fund, the Testamentary Executors being
no longer necessary parties, and

WHEREAS, in connection with the administration of that real estate, it will be necessary from
time to time for prompt decisions to be reached by the parties in interest consisting of the
widow and Usufructuary, Mildred Saffold Vincent, and the three Naked Owners, and in order to
expedite such handling for the benefit of all concerned, it is desirable that the three Naked
Owners have representatives in New Orleans authorized to act promptly,

NOW, THEREFORE, BE IT RESOLVED that Wayne G. Borah of New Orleans, Louisiana, be and he is
hereby designated as the representative of The Rector and Visitors of the University of Virginia,
generally known and designated as the "University of Virginia", for the purpose of acting in the
premises

BE IT FURTHER RESOLVED that the said Wayne G. Borah be and he hereby is authorized and
empowered on behalf of said The Rector and Visitors of the University of Virginia in any case in
which (a) the widow and Usufructuary and (b) the other two Naked Owners concur in that action, to
subscribe the name of this institution to an endorsement upon a lease of any portion of the
property bequeathed to the said Usufructuary and the said three Naked Owners by the late Hugh E.
Vincent, and in which this institution has an undivided naked ownership interest as above set
out, which lease shall be for a period not exceeding five years, which endorsement shall read
substantially as follows

TRINITY CHURCH

By_________________________

THE ADMINISTRATORS OF THE TULANE
EDUCATIONAL FUND

By____________________

THE RECTOR AND VISITORS OF THE
UNIVERSITY OF VIRGINIA

By____________________

BE IT FURTHER RESOLVED that in connection with the execution of any such lease, the said
representative is hereby authorized to consent to the charge against this institution of its
proportionate part in any expenditures (not in excess of $5,000 for the total of such expenditures
in any one case), which under the Louisiana law are chargeable to the Naked Owners of the property
in question.