§ 23-295.1. Certain powers of the Board of Regents.
A. The Board of Regents may from time to time undertake to determine thesignificance or suitability of the furnishings, household items, and otherobjects heretofore and hereafter acquired by purchase, gift or donations withor for Gunston Hall, for the purpose of accurately presenting Gunston Hallaccording to the taste of George Mason and within the limitations of thefurnishings, household items, and other objects that would have beenavailable to him and within his means. Those furnishings, household items,and other objects determined by the Board to be of little or no significanceor unsuitable for achieving this purpose may be disposed of by the Board byexchange or sale if not inconsistent with the terms of the acquisitionthereof. At the discretion of the Board, such sales may be conducted byauction houses recognized for the expertise in the sale of such items.
B. Any such furnishings, household goods, and other objects previouslyacquired by donation or purchase and the net proceeds of any sale of theseitems as provided in subsection A shall constitute a discrete fund of GunstonHall, restricted to future acquisitions of period furnishings, householdgoods, and other objects consistent with the purposes set forth in subsectionA, and the conservation of all such holdings of Gunston Hall.
Donations to Gunston Hall of any funds, securities, and any other property,real or personal, for use in accordance with the mission of Gunston Hall,shall constitute endowments or unrestricted gifts within the meaning of §23-9.2. The Board of Regents may change the form of investment of any suchfunds, securities, or other property, real or personal, provided the same arenot inconsistent with the terms of the instrument under which the same wereacquired, and to sell, grant, or convey any such property, except that anytransfers of real property may be made only with the consent of the Governor.
§ 23-295.1. Certain powers of the Board of Regents.
A. The Board of Regents may from time to time undertake to determine thesignificance or suitability of the furnishings, household items, and otherobjects heretofore and hereafter acquired by purchase, gift or donations withor for Gunston Hall, for the purpose of accurately presenting Gunston Hallaccording to the taste of George Mason and within the limitations of thefurnishings, household items, and other objects that would have beenavailable to him and within his means. Those furnishings, household items,and other objects determined by the Board to be of little or no significanceor unsuitable for achieving this purpose may be disposed of by the Board byexchange or sale if not inconsistent with the terms of the acquisitionthereof. At the discretion of the Board, such sales may be conducted byauction houses recognized for the expertise in the sale of such items.
B. Any such furnishings, household goods, and other objects previouslyacquired by donation or purchase and the net proceeds of any sale of theseitems as provided in subsection A shall constitute a discrete fund of GunstonHall, restricted to future acquisitions of period furnishings, householdgoods, and other objects consistent with the purposes set forth in subsectionA, and the conservation of all such holdings of Gunston Hall.
Donations to Gunston Hall of any funds, securities, and any other property,real or personal, for use in accordance with the mission of Gunston Hall,shall constitute endowments or unrestricted gifts within the meaning of §23-9.2. The Board of Regents may change the form of investment of any suchfunds, securities, or other property, real or personal, provided the same arenot inconsistent with the terms of the instrument under which the same wereacquired, and to sell, grant, or convey any such property, except that anytransfers of real property may be made only with the consent of the Governor.
§ 23-295.1. Certain powers of the Board of Regents.
A. The Board of Regents may from time to time undertake to determine thesignificance or suitability of the furnishings, household items, and otherobjects heretofore and hereafter acquired by purchase, gift or donations withor for Gunston Hall, for the purpose of accurately presenting Gunston Hallaccording to the taste of George Mason and within the limitations of thefurnishings, household items, and other objects that would have beenavailable to him and within his means. Those furnishings, household items,and other objects determined by the Board to be of little or no significanceor unsuitable for achieving this purpose may be disposed of by the Board byexchange or sale if not inconsistent with the terms of the acquisitionthereof. At the discretion of the Board, such sales may be conducted byauction houses recognized for the expertise in the sale of such items.
B. Any such furnishings, household goods, and other objects previouslyacquired by donation or purchase and the net proceeds of any sale of theseitems as provided in subsection A shall constitute a discrete fund of GunstonHall, restricted to future acquisitions of period furnishings, householdgoods, and other objects consistent with the purposes set forth in subsectionA, and the conservation of all such holdings of Gunston Hall.
Donations to Gunston Hall of any funds, securities, and any other property,real or personal, for use in accordance with the mission of Gunston Hall,shall constitute endowments or unrestricted gifts within the meaning of §23-9.2. The Board of Regents may change the form of investment of any suchfunds, securities, or other property, real or personal, provided the same arenot inconsistent with the terms of the instrument under which the same wereacquired, and to sell, grant, or convey any such property, except that anytransfers of real property may be made only with the consent of the Governor.
