RESOLUTION ) 3



SALE OF SHARES OF STOCK FROM THE GANNETT CO., INC.



(Board of Trustees Meeting, October 21, 1984)

WHEREAS, the Gannett Co., Inc. has donated 715 shares of



Common Stock at the par value of $35.00 per share to be used

in support of the College's journalism program; and



“WHEREAS, it is necessary to sell the designated shares

to provide the funds to support costs of said program.



NOW, THEREFORE, BE IT RESOLVED that the President and

Vice-President for Business and Financial Affairs for the College

of the Virgin Islands are hereby authorized to sell the 715 shares

of Gannett Co., Inc. stock for their fair market value, less

appropriate brokerage fees, for the use and benefit of the

journalism program of the College of the Virgin Islands at such

time as they, in their discretion, deem necessary or appropriate;

and to execute any and all documents necessary to accomplish the



foregoing.



CERTIFICATION



The undersigned does hereby certify that the foregoing is

a true and exact copy of a resolution of the Board of Trustees



of the College of the Virgin Islands adopted at its meeting on



October 21 , 1984, as recorded in the minutes of said

meeting.

DATED: 22 CGré sy a.



Secretary of the Board