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PURCHASE OF MURRAY PROPERTY
 
 
 
 
 
 
 
 
 
 
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PURCHASE OF MURRAY PROPERTY

The President reported that he had discussed with the Finance Committee at its meeting on 26
May 1960 the possible availability of the Murray Property which consists of 11 1/2 acres adjacent
to the property now owned by the University at Copeley Hill. This property, he stated, could be put
to good use as the University expanded. The President reported further that the proposal had been
approved by the Finance Committee at its meeting on 26 May 1960

The President proposed and the Board adopted the following resolution

RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia
that the President be and he is hereby authorized to purchase the Murray Property consisting of
11 1/2 acres adjacent to Copeley Hill at a price which the Finance Committee of this Board deems
fair and reasonable.