University of Virginia Library

PRINCESS ANNE PROPERTY OFFER

In the absence of Mr. Gray, Mr. Coxe presented a letter from Cecil F. Mears, realty agent,
enclosing an offer from Charles M. Hodgman, Jr., to purchase for $6,900 the University's tenacre
tract of land in Princess Anne County, near Diamond Springs, designated as Lot No. 5 in
C. F. Petrie's plat of Lawson Farms recorded in the Clerk's office of Princess Anne County, Map
Book 6, page 111. Mr. Coxe read a letter from Mr. Gray recommending acceptance of the offer and
stating that Mr. Barron F. Black believes that the offer ought to be accepted.

There was general agreement among the Visitors as to the acceptability of the price, but
some questioned whether the University ought to give a General Warranty of title.

The Board resolved that the President be authorized to proceed with this sale subject to a
study of the proposal by Mr. Minor, the University's Special Counsel, to whom the Secretary was
directed to deliver the papers laid before the Board, with the request that Mr. Minor report to
the President regarding: (1) the acceptability of the agreement in the form presented, and (2)
the propriety of the University's undertaking to give a General Warranty of title in this or in
any other case.