University of Virginia Library

RILEY TRACT AT FALLS CHURCH SOLD

President Darden reported that, pursuant to the directions contained in the resolution of
the Board adopted at its annual meeting held on June 16, 1956, accepting the offer of the City
of Falls Church to purchase the Joseph H. Riley tract of land, subject to the approval by the
voters of the City of Falls Church of a bond issue to finance such purchase, Mr. C. Venable
Minor, Special Counsel for the University has prepared a contract of sale of said property to be
submitted to the Board. The President stated that the contract as prepared had been approved
by Mrs. Parker and Mrs. Gage, the life tenants under the will of Joseph H. Riley, and by the
City Council of Falls Church.

A copy of the proposed contract was submitted to the Board for consideration.

After discussion, upon motion duly made and seconded, it was

RESOLVED, by the Board of Visitors of The Rector and Visitors of the University of Virginia,
that the contract of sale by The Rector and Visitors of the University of Virginia of its
remainder interest in the Joseph H. Riley tract of land to the City of Falls Church, upon the
terms and conditions, and subject to the contingency, therein set out, in the form submitted to
this Board be and the same is hereby approved;

RESOLVED, FURTHER, that Colgate W. Darden, Jr., President, and Francis L. Berkeley, Jr.,
Secretary, be, and they hereby are authorized and empowered, the approval of the Governor of the
State of Virginia, as required by Section 23-77.1 of the Code of Virginia, 1950, as amended,
having first been obtained thereto, to execute said contract of sale on behalf of The Rector and
Visitors of the University of Virginia.