| Board of Visitors minutes June 13, 1947 | ||
W. ALLAN PERKINS REPORT ON WILLIAM J. RUCKER'S WILL:
Mr. Perkins reported to the Board that in an opinion of the Supreme Court of Appeals of Virginia handed
down on June 9, 1947, in the cause of Mary Sheridan, and others, v. W. Allan Perkins and George Pausch,
Executors of the Will and Trustees of the Estate of William J. Rucker, deceased, et als, the construction
of Mr. Rucker's will was finally disposed of, the Court holding that the fund which now amounts to
approximately $1,050,000 passes under Mr. Rucker's will to the three residuary legatees, namely, Martha
Jefferson Hospital of Charlottesville, St. Luke's Hospital of St. Louis, Missouri, and University of
Virginia, in equal parts.
Mr. Perkins also stated that while this fund is subject possibly to further charges on account of
Federal Estate Taxes and also to payment of attorneys' fees, commissions, and other costs, that at a
conservative estimate the University's share therein, which, under Mr. Rucker's will is to be used exclusively
for the University Hospital, will amount to somewhere between $250,000 and $300,000.
Thereupon, on motion duly made and seconded, it was
RESOLVED that this Board is sincerely gratified to learn of the favorable outcome of this litigation
and that the appreciation of the Board be and is hereby expressed to Messrs. Charles Markell, of
Baltimore, John S. Battle and C. Venable Minor, of Charlottesville, Attorneys who represented the Executors
of Mr. Rucker's estate in the litigation in Maryland which preceded the Virginia litigation, and also to
the Honorable Abram P. Staples, Attorney General of Virginia, who represented the University's interest
in the abovenamed cause in our Supreme Court of Appeals.
| Board of Visitors minutes June 13, 1947 | ||