University of Virginia Library

CASTLE HILL ESTATE:

The following matter was presented and adopted:

Mr. Perkins stated to the Board that an offer has been received for the purchase of the Castle Hill Estate
consisting of some twelve or fifteen hundred acres near Cismont in Albemarle County, by Mr. Clark J. Lawrence
at the price of $110,000.00, and

That by deed of Sara C. Rives to Amelie Rives Troubetzkoy, Gertrude Rives Potts and Landon Rives, dated
June 10, 1908, and recorded in the Clerk's Office of the Circuit Court of Albemarle County in Deed Book 13
page 407, said Castle Hill Estate was conveyed to Mrs. Rives' three daughters named above, and to their
issue per stirpes, but if there be no living issue of said daughters or of any one of them, said property
shall pass to The Rector and Visitors of the University of Virginia as a memorial to the Rives family, and
never to be sold but held forever to be used to further education in the State of Virginia.

Princess Troubetzkoy died several years ago without issue. Miss Landon Rives is still living and has
never married. Mrs. Gertrude Rives Potts is living and has one son, Thomas Potts, who has two living sons
one of whom is under the age of 21 years.

Mr. Lawrence's offer will be submitted to the Circuit Court of Albemarle County in the chancery cause which
will have to be instituted for the sale of this property, and it is proper to add that the house is practically
without modern conveniences of any kind, and is in very bad repair. A large part of the twelve or
fifteen hundred acres of land lies on the eastern slope of the southwest mountain. The rest of the land
is badly overgrown and has not been properly cultivated for many years. The price offered is entirely
adequate and will no doubt be approved by the Court.

The University has been requested to instruct its attorney to file an answer in this proceeding in the
name and on behalf of The Rector and Visitors of the University of Virginia.

It was thereupon

RESOLVED: That when suit is brought submitting the offer of Mr. Clark J. Lawrence to purchase
Castle Hill Estate at the price of $110,000.00, W. Allan Perkins, Attorney for the University, is
instructed to file an answer in the name and on behalf of The Rector and Visitors of the University of
Virginia, in which answer the statement shall be made that so far as the University is advised, the
price of $110,000.00, which is subject to an agent's commission of $10,000.00 and to costs of suit,
etc., is an adequate price, and that it would seem that the sale is an advantageous one, but that the
University prays for full protection of its rights, and that all proper safeguards be thrown around the
investment of the net fund derived from such sale during the lifetime of the said Miss Landon Rives
and Mrs. Gertrude Rives Potts.