 | Board of Visitors minutes May 27, 1944 |  |
EXTENSION OF LEASE ON THE ROOM IN THE ENTRANCE BUILDING USED AS A BRANCH OF THE PEOPLES NATIONAL BANK
The President stated to the Board that he had received from the Peoples National Bank a
request for an extension of its lease on the room in the Entrance Building of the University, used
as a branch bank, for ten years from August 31, 1944, at the same monthly rental as now in effect,
namely $100.00 per month, which extension would justify them in making, at their own expense, certain
interior improvements, and proposed the following resolution, which was adopted:
WHEREAS the Peoples National Bank of Charlottesville, Va., has made request for
extension of its lease on the room occupied in the Entrance Building of the
University for its Branch Bank for a term of ten years from August 31, 1944
under the same terms and conditions as contained in a certain lease dated September
7, 1937, therefor be it
RESOLVED, by the Board of Visitors of The Rector and Visitors of the University
of Virginia, that J. L. Newcomb, President, be and he is hereby authorized and
directed to execute a lease on the room in the Entrance Building occupied by
the University Branch Bank of the Peoples National Bank of Charlottesville, Va.,
for a period of ten years, beginning September 1, 1944, under the same terms
and conditions as contained in a certain lease dated September 7, 1937.
| Board of Visitors minutes May 27, 1944 | |