MINUTES OF A SPECIAL MEETING OF THE EXECUTIVE COMMITTEE
OF THE BOARD OF VISITORS OF VIRGINIA COMMONWEALTH UNIVERSITY
June 19, 1975
A special meeting of the Executive Committee of the Board of Visitors
of Virginia Commonwealth University was held on Thursday, June 19, 1975, at
8:15 a. m. in the Board Room of the F&M Center.
Present were Messrs. Dabney, Grey, Scott and Shumate and Dr.
Gwathmey. Mr. Obenshain and Dr. Blanton were absent. Also present were
Drs. Neal, Temple and Willett; Mr. Holmes; and Mrs. Price.
Mr. Scott called the meeting to order. Mr. Jack Spain, Jr. , and Mr.
William Crews joined the meeting at this time.
Dr. Temple reported to the Committee that negotiations had been under-
taken with Connecticut General Life Insurance Company regarding the Virginia
Hospital Laundry and the amendment had been modified. Dr. Temple continued
that this was not the ideal agreement but he felt that under the circumstances
it was the very best that we could do.
Dr. Neal pointed out that the document was a stand-by commitment to be
activated only if tax-free bonds could not be utilized to fund the project.
Mr. Spain indicated that the amendment could be transmitted to a third-
party escrow agent and the Board could authorize the President to set forth in
his letter of transmittal the fact that this was a stand-by agreement.
On motion made, seconded and unanimously approved, the following
resolution was adopted:
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RESOLVED, that the Rector and Secretary of the Board are
hereby authorized and directed to execute and hold in escrow
certain amendments between Virginia Hospital Laundry, Inc. ,
Virginia Commonwealth University, Medical College of Virginia
Hospitals, and Hopewell Hospital Authority, John Randolph
Hospital, to the laundry services agreement dated October 1,
1974, between such parties, in substantially the form sub-
mitted to this meeting, with such changes therein as may
be approved by such officers, the execution thereof with such
changes to be conclusive evidence of such approval.
RESOLVED FURTHER, that the President of Virginia Common-
wealth University is hereby authorized to deliver the amend-
ments, so executed, in escrow upon such terms and conditions
as he shall determine to be delivered only if needed to obtain
the financing through Connecticut General Life Insurance
Company.
The Executive Committee voted to recommend to the Board that the
Executive Director of MCVH, when selected, be appointed to the Virginia
Hospital Laundry Board.
Mr. Scott appointed Mr. Dabney, Dr. Gwathmey and Mr. Shumate to
serve as a nominating committee to appoint officers for the Board for the
coming year.
The meeting adjourned at 9:00 a. m.
Richard D. Obenshain
Approved:
Wyndham B. Blanton, Jr.
