The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-21
Total value Of property, 90

Total value OF properly, oeo ooo
The above u real estate is subject to q
prior lien amounting 10 only Nu 90 i.f
The payment Of which the state mas az
ready made ample provision by Jaw. anu
the University is further forbidden by
law To contract any other debt than those
above named without an express act OF
the Legislature saLctioning IT,
But besides this real estate, the Ioau
is secured as the first lien upon personal
proncrty. etc. of "a present value largely
in excess OF the lean. and OF me ultimate
value of over $4,000. from which 10 car
D.. realized in full AZ any time n case or
default ir tho payment or either pilhclp"I
1T Win thus be seen that independently
OF any aid provided hy the state, me
value of the property pledged as security
for the bonds j. Aiter proNldlhs lot s"ln
So. $50 mortgage on the real estate more
than six time. the amount Of the loan
Tho deed Of trust also further amply
secures the bonds by providing Tor IN
suranco ON the buildings ana the eslap-
lishmcnt Of a sinking fund TO cover the
principal at maturity ,.,,
ami improvements already upon the land
include thirteen professors houses, Two
hundred and ten dormitolcs for students
the museum. gymnasium, lnilfmdIF' 90
~erVatory. hotels. clearinghouse, lee
turC-rOOms halls. offices, and the peau-
TRULY arranged grounds OF the nlFef-
sitv Those 10 he erected with the pro-
ceeds Of the loan and other contributions
already ia hand VIII make the nuliHlnhs
more complete and valuable imam ever
The University IS a free school for Nir-
ginia studerts. and while 10 IS an moor
poratcd institution. the beneficial owner
Ship Of it is in the State, and The state.
boo maintaining Dts public -cho"i system
and protecting its interest .n the property
pledged for the bonds, would necessarily
protect this loan. even lf every DINER see
curitv therefor should by possibility fall.
Tie annual income OF tht lnl''i sl3 -
S12NpUN Its whole fixed charges for an
The interest and sinking funds iwhich
have bv law and under the terms or the
deed Of trust 20 DE- met in preference 10
every other expenditure are Jess than
For seventy years. and during all the
Nfrissitudcs through which every man
cial interest iu the state mas passc" lii
that time. the University has continued
with Cd -tcadiy-increaslng prosperity, ami
il stands now with renewed assurance
of continued progress ana edNdhc'nic il'
but whether prosperous or not lhe lii"-
cipal aud interest of the bonds otered
ara secured beyond doubt or question,
|,.u if the doors of the Institution SHOULD
b1 closed tomorrow
- D.. -uImitie, mat an investment IS
seldom placed upon the market offering
sueh inducements in the way OF undouut-
ed and unqueStoned security Hilnl mn.
from taxation. ana SO good rate OF
interest: aud 10 investors seeking sale
and frinuntfative returns 10 affords goa
opnortunity rarely to be met with FOR
placing their funds.
Issued by order OF tie rector anb
visitor. this 18th day of June, 1896.
". G. y. RANDOLPH, Rector.
Attest:
j.. Il. WATTS
MARSHALL MCCORMICK,
II. HARMON,
Finance Committee.
Pho bonds above referred 10 are new
Fo, further Information. price of bonds.
A.. s1Ire.s JOHN N. WHITE.
JAMES ID. JONES.
AGENTS for Finance Committee.
iv2t-tr.tI&su6t Charlottesville Va.