 | Board of Visitors minutes January 30, 1943 |  |
TRANSFER OF CERTAIN STOCK CERTIFICATES TO THE NOMINEES OF THE CUSTODIANS OF THE UNIVERSITY'S
ENDOWMENT FUNDS:
The President brought up the question of having certain certificates of stock,
received in the bequest of Samuel Phillips Mitchell and now recorded in the name of the
Rector and Visitors of the University of Virginia, changed to the Nominees of the custodians
of the investments of the University's endowment funds. Following some discussion
of the question, the following was adopted:
RESOLVED, that the question of the transfer of certain stock, now registered
in the name of the Rector and Visitors of the University of Virginia,
to the Nominees of the custodians of the invested funds of the University's
endowment funds be referred to the Attorney General of the State as to its
legality and as to the possibility of Federal tax being assessed against
stocks recorded in the name of a Nominee, and if he is in accord with the
resolution proposed for such a transfer, the transfer be made.
The meeting then adjourned.
RECTOR.
SECRETARY.
| Board of Visitors minutes January 30, 1943 | |