University of Virginia Library

EXCHANGE OF PROPERTIES WEST OF EMMET STREET

The President reported that Dr. Charles W. Hurt and Mr. William W. Stevenson, owners of a strip
of land lying west of Emmet Street and to the south and east of the Duke property recently acquired
by the University had approached the Comptroller with respect to effecting an exchange of portions of
their respective properties and that after study the proposed exchange appeared to be mutually advantageous.
Hurt and Stevenson, in addition to the exchange of the parcels of real estate, proposed to
pay the University the sum of $1,000.00

The President then submitted to the Board a copy of a plat showing the properties to be exchanged
and drafts of the deeds carrying out the exchange and setting forth the terms and conditions upon which
it was to be made

After discussion, the following resolution was adopted

RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia that,
subject to the approval of the governor, which approval is required by Section 23-77.1 of the Code
of Virginia, 1950, as amended, the exchange of parcels of land between the University of Virginia and
Dr. Charles W. Hurt and Mr. William W. Stevenson, upon the terms and conditions outlined to this Board,
be and the same hereby is approved, and

RESOLVED FURTHER that Edgar F. Shannon, Jr., President and Weldon Cooper, Secretary, be and they
are hereby authorized, empowered, and directed to execute and deliver on behalf of The Rector and
Visitors of the University of Virginia, a deed conveying to Messrs. Hurt and Stevenson, the parcel
owned by the University to be exchanged