Board of Visitors minutes :: April 8, 1961 :: University of Virginia Library

Section 101. In addition to words and terms elsewhere defined in this resolution, the
following words and terms as used in this resolution shall have the following meanings, unless
some other meaning is plainly intended

The word "Board" shall mean the Rector and Visitors of the University of Virginia or, if said
Board shall be abolished, the board or body succeeding to the principal functions thereof.

The word "cost", as applied to the Project, shall embrace the cost of construction and all
obligations and expenses and all items of cost which are set forth in Section 303 of this resolution.

The term "Current Expenses" shall mean the Board's reasonable and necessary current expenses
of maintenance, repair and operation of the Project and shall include, without limiting the generality
of the foregoing, all ordinary and usual expenses of maintenance, repair and operation,
which may include expenses not annually recurring, premiums for insurance, and any other expenses
required or permitted to be paid by the Board under the provisions of this resolution or by law,
but shall not include any reserves for extraordinary maintenance or repair, or any allowance for
depreciation, or any general administrative expenses of the Institution, or any deposits or transfers
to the credit of the special fund hereinafter created in the State Treasury and designated
"Mary Washington College of the University of Virginia Dormitory Revenue Bonds (Series 1961)
Interest and Sinking Fund" (hereinafter sometimes called the "Sinking Fund").

The term "fiscal year" shall mean the period commencing on the first day of July and ending
on the last day of June of the following year.

Section 102. Words of the masculine gender shall be deemed and construed to include correlative
words of the feminine and neuter genders. Unless the context shall otherwise indicate, the
words "bond", "coupon", "owner", "holder" and "person" shall include the plural as well as the
singular number, the word "person" shall include corporations and associations, including public
bodies, as well as natural persons, and the word "holder" or "bondholder" when used herein with
respect to bonds issued hereunder shall mean the holder of bonds at the time issued and outstanding
hereunder