Gilbert v. Union College

MILLIKEN, Judge.

This appeal involves the application of the 1960 Perpetuities Act (Chapter 167, Acts of 1960, now KRS Chapter 381) to various provisions in deeds or contracts for the sale of lots for the erection of homes for faculty members on the Union College campus at Barbourville. A housing shortage in the City and a money shortage at the College combined to create inadequate housing for the College faculty with resultant dissatisfaction and threatened loss of valuable faculty members to other educational institutions. To remedy the condition, the College authorities proposed a faculty…