 | Board of Visitors minutes June 14, 1937 |  |
The annual meeting of the Rector and Visitors of the University of Virginia
was held on this date at the office of the President at 11 o'clock, A. M., with the
following members present: The Rector, Frederic Scott, and Visitors Corbitt, Goolrick,
Hall, Rinehart, Stuart, L. C. Williams and R. Gray Williams, and President Newcomb.
The President announced the enrollment for the session 2588.
The President submitted the following resignation and recommendations for
additions to the faculty, which were approved, as follows.
RESOLVED, that the resignation of Dr. George Wendt as acting Assistant
Professor of Psychology be accepted with regret. The Rector and Visitors wish
for Dr. Wendt continued success in his new field.
Mr. William Green Poindexter, Jr., full-time Instructor in Rural Social
Economics for the year 1937-38, at a salary of $2,300.00.Dr. James Webb Cole, Jr., Instructor in Chemistry for the session of 1937-38
at a salary of $2,200.00.Mr. Edward Angelo Colonna Instructor in Romance Languages for the session
1937-38, at a salary of $1,000.Mr. Roger Boyle, Instructor in Dramatic Art for the session of 1937-38, at
a salary of $1,500.00.Dr. William Henry Parker, Instructor in Surgery for the session of 1937-38,
at a salary of $3,500.00.
Elections:
In the matter of the Bequest of Walter F. Taylor to the University; the
following report and resolution were approved:
The President called the attention of the Board to the will of Walter F.
Taylor of New York City, admitted to probate in the surrogate's Court of the County of
$50,000.00, with directions that the income be paid to Jessica Phillips McCall, during her
life, and that after her death the income be paid to Fauntleroy Wight, during her life, and
that after her death the principal sum be turned over to the University of Virginia.
Under this will Lewis Cass Ledyard, Jr., and Roland L. Redmond were named
Trustees of this trust; they qualified as such, and continued to act as Trustees until Mr.
Ledyard's death on May 1st, 1936, and since that time Mr. Redmond and the United States
Trust Company of New York have been acting as Trustees. The two life beneficiaries of the
trust are still living.
In order to settle the Estate of Mr. Ledyard it is necessary that his acts as
Trustee of this trust be approved and the commissions to which he was entitled at the time
of his death paid.
Under date of May 24th, 1937, we received a letter from Messrs. Carter, Ledyard,
& Milburn, Attorneys of New York, enclosing a statement of the account of the Trustees
from the date of their qualification down to April 17th, 1937, to which statement is attached
a certificate of release discharging the Estate of Lewis Cass Ledyard, Jr., from any further
liability, claims or demands that might be made against him as Trustee of this trust during
his life time. This Certificate has already been signed by the said Jessica Phillips McCall
and Fauntleroy Wight, the two life tenants, and the University is requested to execute this
release as remainderman.
Dr. Newcomb stated that he had personally examined the form of release, and had
then referred the release and account to Mr. Perkins, as Attorney for the Board, with the
request that he would make a further examination thereof, and give his opinion as to
whether it is proper for the release to be executed on behalf of the University.
Mr. Perkins reported that after some correspondence with Messrs. Carter, Ledyard
& Milburn he is satisfied that the account of the trustees, as submitted, is correct in all
particulars, and that it is entirely proper for this Board adopt a Resolution authorizing
the execution of the release on behalf of the University.
It was thereupon
RESOLVED that Mr. Frederic W. Scott, the Rector, be and he is hereby authorized
to execute the release in question in the name of and on behalf of the Rector and Visitors
of the University of Virginia, and that E. I. Carrutners, Secretary of this Board,
be and he is hereby authorized to affix the seal of the University of Virginia to said
release and to attest the same, delivering said release to Messrs. Carter, Ledyard &
Milburn, Attorneys.
And it is ordered that a copy of the foregoing report be spread with this Resolution
as a part of the minutes of this meeting.
IN RE MOUNTAIN LAKE POWER LINE:
The President presented to the meeting a deed by which a portion of the electric
power line and right of way in Giles County, near Mountain Lake, owned by the University, and
which serves the Biological Station at Mountain Lake is conveyed to Appalachian Electric
Power Company in consideration of $460.00 cash. It was explained that the purpose of this
conveyance was to enable the Power Company to take over the portion of the line and right
of way in question, and operate and maintain it at its own expense hereafter, it being
thought that such an arrangement will be in the interest of eer service to the Biological
Station.
It was thereupon,
RESOLVED, that Frederic W. Scott, the Rector, be and he is hereby authorized to
execute said deed to Appalachian Power Company, and J. R. Thomson, ting Secretary of
this Board, is hereby authorized to affix the seal of the University thereto, and to
attest the same, and to deliver said deed upon payment of purchase price in full.
In the matter of the Estate of Charles M. Fauntleroy.
The President read the letters which have passed between his office and Messrs.
Smith, Wild, Beebe and Cades, Attorneys for Mrs. Fauntleroy, and after some discussion it was
RESOLVED, that subject to verification of all the facts in these letters, and
subject further to approval of the President and the Attorney for the University, the
Board consents to the release proposed.
Recommendations covering repairs to the Delta Chi Flaternity House, at a cost
of $597,00, and the insulation of attic of Faculty Apartment House with rock wool, were
referred to the Chairman of the Buildings and Grounds Committee, Mr. Rinehart, and the President
with power to act.
In the matter of the sale of "Pantops" property, the following report and accompanying
resolution were unanimously approved:
The President then stated that by deed dated July 19, 1929, Mrs. Ida Ellis white
and H. Landon white, her husband conveyed to the Rector and Visitors of the University
of Virginia a tract of land with all improvements thereon situated known as "Pantops" and
containing 363 acres more or less, this deed being recorded in the Clerk's Office of the
Circuit Court of Albemarle County in D. B. 205 p. 429, and said property having been the
Gift of Mr. Paul Goodloe McInitre to the University, Mr. McIntire having paid $47,500 cash
therefor.
The President further stated to the Board that it seemed probable that at some
future time it may be advisable for the University to sell said property. After some discussion
of the situation it was unanimously
RESOLVED, that the President and Mr. Rihenart are hereby authorized to negotiate
for the sale of said property with any prospective purchaser or purchasers, and to
enter into a contract for the sale therof at a price of not less than $37,500.00 gross.
Furthermore, in the event of a sale of said "Pantops" property the Rector is
hereby authorized and empowered to execute and deliver in the name and on behalf of The
Rector and Visitors of the University of Virginia a good and sufficient deed by which
said property shall be conveyed to the purchaser or purchasers upon settlement of the
purchase price therefor, and E. I. Carruthers, Secretary of this Board, or J. Rawlings
Thomson, Acting Secretary, is hereby authorized and empowered to aflix the corporate seal
to such deed and to attest the same.
And the proceeds of such sale shall be set aside and used hereafter for such
purposes as in the opinion of this Board may best advance the science of Psychiatry.
The President presented to the Board the request that the University join in
a suit about to be brought by the daughter of the late Philip A. duPont to determine
whether the stock dividends on General Motors stock were income of belonged to the
corpus of the duPont trust. After discussion, the Board decided not to intervene in the
litigation over the question of the stock dividends on General Motors stock in the duPont
trust, and authorized Mr. R. Gray Williams to communicate this to the attorneys representing
the other interest, and to say that the Board would be glad to have the stock
as dividend.
The Board made the following awards of the Thomas Fortune Ryan Scholarships:
| First District | Cecil L. Sinclair |
| Second District | Millard Cass |
| Third District | Edwin L. Seay |
| Fourth District | Francis duPont Lazenby |
| Fifth District | Benson E. Gammon |
| Sixth District | Richard B. Persinger |
| Seventh District | Francis H. Fife |
| Eighth District | J. Richmond Low |
| Ninth District | William E. Kelly |
| Tenth District | Elbert Turner |
The miscellaneous fellowship and scholarship appointments as recommended to
the President by the several Departments, were presented by him and approved by the board.
These will be found entered in the Scholarship book for 1937-38.
The following resolution covering appointments during the summer was adopted:
RESOLVED, that the President in consultation with the Deans and Committees
appointed by the President from the staff, be empowered during the summer to employ
those professors who have been authorized by the Board but who have not yet been
selected. It is understood that all actions of the President and Committees will be
brought to the Board for ratification at their next meeting.
The President then presented to the Board a petition from Mrs. Brooke Payne
requesting that the University issue a new diploma to her son in the name of Asher McComb,
which name her son legally acquired since his graduation. At the time of his graduation
his legal name was Asher Payne. The President explained that there was an administrative
ruling to the effect that diplomas of the University could only be issued in the legal
name of the person to whom it was awarded as of the date carried on the diploma. After
a full discussion of the whole matter the following resolution was unanimously approved:
RESOLVED, by the Rector and Visitors of the University of Virginia that no
diploma shall be re-issued to any degree holder which does not carry the legal name
of the person as of the date of his graduation.
The meeting then adjourned.
RECTOR
SECRETARY. Pro Tem
| Board of Visitors minutes June 14, 1937 | |