University of Virginia Library

RILEY TRACT CONVEYANCE

President Darden reported that, in accordance with the authority granted under the
resolution of the Board adopted at its special meeting held on September 15, 1956, the contract
of sale of the Riley property at Falls Church had been duly executed by Mr. Berkeley and himself
on behalf of The Rector and Visitors, that it had been also executed by Mrs. Gage and Mrs.
Parker, the life tenants, and by the City of Falls Church. He stated that the Governor had united
in the contract as evidence of his approval of the sale. He further reported that the approval
of the voters of Falls Church of a bond issue to provide the City with the necessary funds with
which to make this purchase, the contract being contingent upon such approval, was obtained at
the election held on November 6, 1956. He pointed out that under the terms of the contract the
transaction was to be completed within sixty days after the approval of such bond issue was
obtained which meant that the transaction would be closed on or before January 6, 1957. He then
submitted to the Board, draft of a deed dated December 10, 1956, prepared by C. Venable Minor,
Special Counsel for the University of Virginia by which The Rector and Visitors, and Mrs. Gage
and Mrs. Parker, the life tenants, conveyed to the City of Falls Church, with special warranty
as to The Rector and Visitors and with general warranty as to the life tenants, the tract of
8.3208 acres situated in the City of Falls Church, Virginia, being the property devised to said
life tenants with remainder to The Rector and Visitors, by the will of Joseph H. Riley, dated
November 24, 1941, probated February 24, 1942, and of record in the Clerk's Office of the
Circuit Court of Fairfax County in W.B. 21 p. 130.

After discussion and consideration of the draft of the deed submitted to the Board, upon
motion duly made and seconded, the following resolutions were unanimously adopted:

RESOLVED, by The Rector and Visitors of the University of Virginia, that, upon payment by
the City of Falls church, Virginia, of the sum of $100,000.00, and its compliance with the other
terms and conditions set out in the contract of sale between the parties dated September 17, 1956,
Colgate W. Darden, Jr., President, and Francis L. Berkeley, Jr., Secretary, be and they hereby
are, authorized, empowered and directed, the approval of the Governor, as required by Section
23.77.1 of the Code of Virginia, 1950, as amended, having been obtained thereto, to execute
and deliver a deed of conveyance on behalf of The Rector and Visitors of the University of
Virginia, conveying with special warranty of title, to the City of Falls Church, the remainder
in the tract of 8.3208 acres of land in Falls Church, Virginia, devised to it by the will of
Joseph H. Riley, and more particularly described in the draft of the deed submitted to this
meeting, said deed to be substantially in the form of the draft submitted to this meeting.

RESOLVED, FURTHER, that the President and other officers of this corporation be and they
hereby are, authorized, empowered, and directed to take such further steps, and do such further
things as may be necessary to complete this transaction.