University of Virginia Library

AUNSPAUGH PROPERTY SALE

The President reminded the Visitors of their decision at the Annual Meeting last June to
sell the property in Dallas, Texas, bequeathed by the late Vivian Louise Aunspaugh. He reported
that the several attorneys representing the University in this matter now wish the Board to repeat
the previous resolution and to elaborate it so that the names of the present proposed purchasers
shall appear in the minutes of the Board. The following resolution was accordingly adopted

WHEREAS, at its regular meeting held on 10 June 1960, the Board of Visitors of The Rector
and Visitors of the University of Virginia adopted the following resolution

RESOLVED, by the Board of Visitors of The Rector and Visitors of the University of Virginia
that the Finance Committee be and it is hereby authorized to dispose of the property located in
Dallas, Texas, bequeathed to the University of Virginia by Miss Vivian Louise Aunspaugh, and that
the Comptroller of the University be and he is hereby authorized to pay inheritance taxes levied
against the bequest by the State of Texas, and,

WHEREAS, an offer was received from Messrs. A. Weinberger, Ervin Weinberger, and A. J. Jackson
to purchase said property at the price of $35,000 cash, which offer was accepted on behalf of The
Rector and Visitors of the University of Virginia by President Shannon on 4 November 1960, and a
written contract for such sale entered into, and

WHEREAS, it is now desired to ratify and confirm the actions of President Shannon in this
respect and to authorize the execution of a deed of conveyance to said property,

THEREFORE, BE IT RESOLVED by the Board of Visitors of The Rector and Visitors of the University
of Virginia that the actions of President Edgar F. Shannon, Jr., in accepting the offer
of A. Weinberger, Ervin Weinberger, and A. J. Jackson, of $35,000 cash, and executing a contract
of sale with them at that price, of the real property devised to The Rector and Visitors of the
University of Virginia under the Will of Vivian Louise Aunspaugh, consisting of Lots Nos. 1, 2,
3, and 4 of Block 507, Seay's Subdivision of the City of Dallas, Texas, be and the same are hereby
confirmed, ratified, and approved.

RESOLVED, FURTHER, that said Edgar F. Shannon, Jr., President as aforesaid, be and he is
hereby authorized and empowered to execute, in the name and on behalf of The Rector and Visitors
of the University of Virginia, deed with Special Warranty of Title conveying said property to
said A. Weinberger, Ervin Weinberger, and A. J. Jackson, or such person, firm or corporation they
may in writing designate, and that Weldon Cooper, Secretary, be and he is hereby authorized and
empowered to affix the corporate seal to said deed and to attest the same, said deed to be in
form approved by the special counsel of the University of Virginia,

RESOLVED, FURTHER, that the officers of The Rector and Visitors of the University of Virginia,
be and they are hereby authorized and empowered to execute such other documents or papers, and
to take such further steps and do such other things as may be needful or advisable to complete
the sale and conveyance of said property.