 | Board of Visitors minutes January 21, 1939 |  |
Offer of Miss Carrie Preston Davis in re certain property.
The President read to the Board a letter of David J. Wood, Attorney for Miss Davis,
addressed to Mr. Hollis Rinehart, Chairman of the Buildings & Grounds Committee,
under date of November 2, 1938, in which Miss Davis offered to sell the property
she owns on Route #29, just west of the University Athletic Field, except the
lot occupied by the filling station, to the University on an annuity basis for the
sum of $840.00 per year, payable annually to be paid to her estate until the
death of Miss Davis and her five sisters.
During a discussion of the matter it developed that the above proposal
was not agreeable to the Board, but that the University would be willing to purchase
the property aforesaid in consideration of a monthly payment of $60.00, payable semiannually
to Miss Davis during her lifetime, and if either or both of her two older
sisters survive her the same sum to be paid to the survivor, or divided equally
between them during their lives.
| Board of Visitors minutes January 21, 1939 | |