356

334

Section 2. That the operation of Fourth Hall at North Carolina State as a dormitory shall be discontinued and that said Fourth Hall shall be demolished, and the officials of North Carolina State are hereby authorized and directed to carry out the provisions of this Section.

2. Resolution Authorizing the sale of 1.39 Acres of Land, Chinqua-Penn Plantation - Rockingham County

WHEREAS, as authorized by the Executive Committee, March 11, 1963, and with the subsequent approval of the Council of State, the University purchased from Allen Y. and R Wilbur Stokes a tract of approximately 40 acres of land adjoining Chinqua-Penn Plantation considered necessary for the protection of the Plantation; and

WHEREAS, the Messrs. Stokes sold the land to the University for $225 per acre, a price considered most reasonable; and

WHEREAS, at the time of this transaction the Messrs. Stokes offered to trade 1.39 acres of the 40-acre tract for 1.39 acres of land owned by the University lying on the North side of the Chinqua-Penn Road, but at the suggestion of the University and in order not to complicate the 40-acre transaction, did not insist upon the trade; and

WHEREAS, the Messrs. Stokes have now offered to buy the 1.39 acres from the University at the same price at which they sold the 40-acre tract, namely $225 per acre - $312.75 for the tract; and

WHEREAS, the 1. 39 acre tract is not within the natural boundaries of Chinqua-Penn Plantation and is not considered necessary or useful to the operation of the Plantation; and

WHEREAS, the President and Business Officer and Treasurer of The University of North Carolina have recommended the sale of the 1.39 acres to the Messrs. Stokes and the Trustees' Committee on Real Estate has approved this recommendation;

NOW, THEREFORE, BE IT RESOLVED by the Executive Committee of the Board of Trustees of the University of North Carolina that it does hereby authorize the President of the University of North Carolina, or his representative, to request the State Department of Administration to negotiate the sale of 1.39 acres of land, as shown on a plat of survey for C. A. Stokes Estate, dated March 13, 1963, to Allen Y. and R. Wilbur Stokes at a price of not less than $225 per acre, or $312. 75 for the tract.

Mrs. Burgwyn moved that the resolution authorizing the sale of 1.39 acres of Chinqua-Penn Plantation be approved. The motion was duly seconded and the resolution was adopted by unanimous vote.

3. RESOLUTION AUTHORIZING SALE OF PROPERTY OF THE UNIVERSITY AT GREENSBORO

On motion of Mr. Taylor, seconded by Mr. Maynard, the following resolution was unanimously adopted:

WHEREAS, the City of Greensboro is making plans to widen a section of West Market Street immediately to the North of the campus of the University of North Carolina at Greensboro, and to construct at that point a traffic interchange at West Market Street and Madison Avenue; and