The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-26

ulclgcd ........... ..... 81 DO 600
The above real estate il subject 20 Z
the payment of which the State has al
ready made ample provision oy law, ana
the University is further forbidden by
law TO contract any other debt than those
above named without an express act OF
the Legislature saictiOning ~
But besides this real estate. the loan
is secured "a the first lien upon personal
property, etc, OF present Nalue ldIB'ly
in excess OF the lean, ana 81 me ultimate
value OF over $4,000 from which II can
be- realized Ia full at any time In case OF
default In the payment OF either principal
or interest.
Il will thus be seen that. independently
OF any aid provided by me state, tas
value OF the property pledged as security
for the bonds Is otter providing for SAID
SJ6. $50 mortgage on the real estate more
than six times the amount Of The loan,
Tho deed Of trust also further amply
secures the bonds by proyiding for IN
surance on the buildings and the estab-
lishment OF q sinking fund 10 cover Tho
principal at maturity.
10 may be added that the buildings
and improvements already upon the land
include thirteen professors houses, Two
hundred and ten dOrmitories for students,
the museum, gymnasium. inirmary, oO-
servatOry. hotels. boarding houses, lee
ture-roOms halls. Offices. ana the beau
tifully arranged grounds OF the Univer-
sitv Those to be erected with the pro-
ceeds Of the loan ana other contrloutions
already IN hand Will make the buildings
more complete and valuable tnan ever
before.
ginia studerts. and while IL Is an incor-
porated institution. the beneficial owner
Shin OF IL is I'm the State. and the state.
In maintaining ills public scno0l system,
and protecting its interest in the property
nledeed for the bonds, would necessarily
.I.H H.
curity therefor should BY possibility fail.
The annual income OF the University .
SloeO0O Its whole fixed charges for all
the interest ana sinking funds (Which
have by law and under the terms OF the
deed OF trust 10 be met IN preference 10
every other expenditure are less than
$1,000 per annum.
For seventy years, and during all the
yicissitudes through wnich every man
cial interest IN the State has passed IN
that time the University has continued
with a steadily-increasing prosperity, and
IL stands now with renewed assurance
OF continued progress ana Advancement,
but whether prosperous or not. the prin-
cipal and interest Of the bonds offered
arc secured beyond doubt or question,
even II the doors or the institution shouli
ba closed tomorrow.
n ID submitted mat an investment Is
seldom placed upon the market Offering
such Inducements in the way Of undoubt-
ed and unQuestiOned security, immunity
from taxation. ami so good a rate OF
interest and 20 investors seeking safe
and renuuerative returns IL affords an
opportunity rarely to be met with for
placing their funds.
Issued by order OF the rector and
visitors. this 10Th day OF June 1896.
w. c. y. RANDOLPH, Rector.
Attest:
l.. Il. WATTS,
MARSHALL MCCORMICK,
u. HARMON.
Finance Committee.
The bonds above referred TO are now
Offered for sale.
For further Information price OF bonds.
Sc. address JOHN NJ WHITE.
JAMES ID. JONES,
Agents for Finance Committee,
iy2l-tu, Il q su6t Charlottesville. Va.