186



RESOLUTION



INTERFUND STOCK PURCHASES AND SALE OF ODD LOT SHARES

(Board of Trustees Meeting, October 21, 1984)



WHEREAS, the College of the Virgin Islands receives

contributions of marketable securities from time to time, for

various unrestricted and restricted purposes; and



WHEREAS, it is desirable to concentrate securities held

for investment purposes in a single fund group; and



WHEREAS, it is prudent to provide for the timely

disposition of Odd Lot stock holdings owned by the College;



NOW, THEREFORE, BE IT RESOLVED that the Board of Trustees

authorizes the President and Vice-President for Business and

Financial Affairs to effect Interfund purchases of College-owned

securities, at market, by the Quasi-Endowment Fund from other

fund groups receiving such security contributions; that such

purchases be subject to any and all conditions stipulated by the

donor, to the availability of Quasi-Endowment funds to effect

the purchase, and be in conformity with generally accepted

accounting principles;



BE IT FURTHER RESOLVED that the Board of Trustees

authorizes the President and Vice-President for Business and

Financial Affairs to sell Odd Lot stock contributions (less than

100 shares) received by the College from time to time subject to



the conditions stipulated by the donor.



CERTIFICATION



The undersigned does hereby certify that the foregoing



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

187



Page two

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

Late beck af - 1984, as recorded jn the minutes of said

meeting-



DATE: £2 Acts£% — Li oe

Secretary of the Board