University of Virginia Library

RESOLUTION AWARDING DORMITORY REVENUE BONDS

Thereupon Edgar F. Shannon, Jr., President of the University of Virginia stated that Vincent
Shea, Comptroller of the University, had received a sealed proposal from F. W. Craigie & Co.,
Richmond, Virginia, and Associates for the purchase of the $3,000,000 The Rector and Visitors of
the University of Virginia Dormitory Revenue Bonds (Series 1962) theretofore authorized. President
Shannon asked Mr. Shea to open and read the proposal to the Rector and Visitors. After the proposal
was read and discussed, Mr. Camp made a motion, seconded by Mr. Blanton, that the following
resolution be adopted:

WHEREAS, the Rector and Visitors of the University of Virginia (hereinafter sometimes called
the "Board") has this day duly adopted a resolution authorizing the issuance of $3,000,000 The
Rector and Visitors of the University of Virginia Dormitory Revenue Bonds (Series 1962); and

WHEREAS, the Board deems it advisable to sell said bonds at this time and has received a
proposal from F. W. Craigie & Co., Richmond, Virginia, and Associates for the purchase of said bonds
at the price of $3,000,900.00 plus accrued interest and bearing interest at the rate of three and
one-half per centum (3-1/2%) per annum; and

WHEREAS, the Board has determined that it is for the best interests of The Rector and Visitors
of the University of Virginia to accept the proposal of and to sell the bonds to F. W. Craigie &
Co., Richmond, Virginia, and Associates in the amount and for the price and interest rate made in
their proposal; now, therefore,

BE IT RESOLVED by the Rector and Visitors of the University of Virginia:

Section 1. The proposal of F. W. Craigie & Co., Richmond, Virginia, and Associates is hereby
accepted and said $3,000,000 The Rector and Visitors of the University of Virginia Dormitory Revenue
Bonds (Series 1962) are hereby awarded to F. W. Craigie & Co., Richmond, Virginia, and Associates
in the amount and for the price and interest rate made in their proposal. 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.

Section 2. 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 the University of
Virginia.

Section 3. The Secretary to the Board 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.

A vote being taken, said resolution was adopted by the following recorded vote: Ayes:
Albert V. Bryan, Norborne Berkeley, Thomas H. Blanton, William M. Camp, Hunter Faulconer, Charles
R. Fenwick, Joseph M. Hartfield, Edwin L. Kendig, Jr., Raynell G. Lantor, Lawrence Lewis, Jr.,
Walter B. Martin, E. Sclater Montague, Herbert C. Pollock, Frank W. Rogers, and Lewis M. Walker, Jr.
Nays: None.