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 | Board of Visitors minutes November 20, 1943 |  |
A called meeting of the Board of Visitors was held on this date at 11 o'clock in the
office of the President with the following members present; The Rector, R. Gray Williams,
Visitors Lewis C. Williams, Christopher B. Garnett, James H. Corbitt, Edward C. Anderson, Aubrey
G. Weaver and Dr. W. D. Haden, and President Newcomb.
WILLIAM J. RUCKER WILL MATTER:
The matter for special consideration was the decision of the Circuit Court for Baltimore
County, Maryland, on the petition filed by the Safe Deposit and Trust Company of Baltimore,
Executor and Trustee under the Last Will and Testament of Lucy James Dun, vs. William James Rucker and Sallie
Rucker, his wife, Jane James Cook, widow, Ex Parte, in the matter of the Estate of Lucy James
Dun, Dec'd, alleging that the trust created under the will is now terminated and praying for
instructions and directions as to the final distribution of the corpus thereof, sustaining the
petition of the plaintiff. Mr. C. Venable Minor, one of the Attorneys for the Executors of the
Will of William James Rucker, was present and, and together with the members of the Board, entered
into a general discussion of the decision of the Circuit Court of Baltimore County, and desirability
of appeal therefrom. The matter was disposed of in the following motion by Senator Weaver,
adopted:
RESOLVED, By the Board of Visitors of the Rector and Visitors of the University of
Virginia that the Attorneys for the Executors of the Will of William J. Rucker be
and they are hereby requested to appeal the decision of the Circuit Court of Baltimore
County, Maryland, in the construction of Mrs. Dun's Will to the Court of Appeals
of the State of Maryland.
This resolution is passed pursuant to the financial arrangement set forth in a letter
from Charles Markell, C. Venable Minor and John S. Battle, to Messrs. W. Allan Perkins
and George Pausch, Under date of October 22, 1943.
NEW YORK & HARLEM RY. STOCK EXCHANGE FOR BONDS OF THE NEW YORK CENTRAL RAILWAY CO.
The fees in the above matter were fixed, as follows:
For Rayford W. Alley, $2,000.00, and W. Allan Perkins $250.00.
McKIM PROPERTY, LOCATED IN BALTIMORE, MD,—SALE PRICE AGREED ON.
The President advised the Board that the Realtors, having management of the residence
property in Baltimore, Md., being part of the bequest of Dr. McKim to the University of Virginia
and the Episcopal Seminary at Alexandria, Va. had received an offer therefor and suggested its
sale. It was voted that it be offered at $7,000, or at such other figure as may be approved by
the President, and that in case of sale being made the President and Secretary be authorized to
sign and attest a deed therefor.
KENNETH ROBERT REDDEN ELECTED ACTING ASSISTANT PROFESSOR OF LAW:
Upon the recommendation of the President, Kenneth Robert Redden was elected Acting
Assistant Professor of Law, effective January 1, 1944, at a salary of $2800 for session.
DOW CHEMICAL CO. STOCK PURCHASE:
Upon the recommendation of Mr. E. C. Anderson, and with the approval of the Chairman of
the Finance Committee, that the University purchase for its endowment Funds 250 shares of the
$4. preferred stock of the Dow Chemical Co., @ 105, was voted.
The meeting was adjourned.
RECTOR
SECRETARY
| Board of Visitors minutes November 20, 1943 | |