Board of Visitors minutes :: June 2, 1961 :: University of Virginia Library

Section 1. Pursuant to the resolution of The Rector and Visitors of the University of Virginia
duly adopted on 8 April 1961, the State Treasurer of the State of Virginia solicited bids to be
received for and on behalf of The Rector and Visitors of the University of Virginia at the office of
the State Treasurer in the City of Richmond, Virginia, until 12 o'clock Noon, Eastern Daylight Saving
Time, 2 June 1961, for the purchase of $500,000 Mary Washington College of the University of Virginia
Dormitory Revenue Bonds (Series 1961), dated 1 July 1961, maturing annually, 1 July, in the following
years and in the following amounts, respectively

Year of Maturity	Principal Amount
1962	$11,000
1963	11,000
1964	14,000
1965	14,000
1966	14,000
1967	16,000
1968	16,000
1969	16,000
1970	18,000
1971	18,000
1972	18,000
1973	18,000
1974	21,000
1975	$21,000
1976	21,000
1977	21,000
1978	23,000
1979	23,000
1980	23,000
1981	26,000
1982	27,000
1983	27,000
1984	27,000
1985	28,000
1986	28,000

at which hour bidding was closed and the following bids were found to have been filed and to accord in
all respects to the terms of said resolution, each bid offering to pay accrued interest and enclosing
a certified or bank cashier's or treasurer's check for $10,000 payable to the order of the State
Treasurer of the State of Virginia

(1) Bid of F. W. Craigie & Company offering to pay $ 501,938.50 and accrued interest
for said bonds bearing interest at the rate of 4 per centum per annum.

(2) Bid of Francis I. duPont & Company offering to pay $ 501,000.00 and accrued interest
for said bonds bearing interest at the rate of 4.5 per centum per annum.

(3) Bid of Anderson & Strudwick offering to pay $ 501,405.00 and accrued interest
for said bonds bearing interest at the rate of 4.10 per centum per annum.

(4) Bid of ____________________ offering to pay $ __________ and accrued interest
for said bonds bearing interest at the rate of _____ per centum per annum.

Section 2. The bid offering to purchase the bonds at the highest price for the lowest interest
rate bid upon the bonds was the bid of F. W. Craigie & Company offering to pay $501,938.50
and accrued interest for said bonds bearing interest at the rate of 4 per centum per annum.

Section 3. Said bid of F. W. Craigie & Company is hereby accepted and said $500,000 Mary
Washington College of the University of Virginia Dormitory Revenue Bonds (Series 1961) are hereby
awarded to F. W. Craigie & Company at the price offered for said bonds bearing interest at the
rate of 4 per centum per annum. This award is subject to the consent and approval of the
Governor of the State of Virginia and the Treasury Board of the State of Virginia. Delivery of said
bonds is to be made on or about 6 July 1961 in the office of the State Treasurer in the City of
Richmond, Virginia.

Section 4. The checks of unsuccessful bidders shall be returned immediately.

Section 5. All steps necessary to carry this resolution into effect shall be taken by the proper
officers of The Rector and Visitors of the University of Virginia and of Mary Washington College of the
University of Virginia.

Section 6. The Secretary to the Board of Visitors of the University of Virginia is hereby
authorized and directed to file a certified copy of this resolution with the Governor of the State
of Virginia and the Treasury Board of the State of Virginia.