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      Mr. Forgy responded to President Singletary's remarks by saying
that he has a tremendous affection for Dr. Singletary and the institution,
and appreciates the opportunity to have been a part of the life of this Univer-
sity. He thanked the Board of Trustees for having had sufficient confidence
in him to appoint him as Vice President for Business Affairs, and said that
he would value always the experiences he has had while here and the support
which he has received.

      Mr. Clay said that he confirmed President Singletary's evaluation
of Mr. Forgy. As former Chairman of the Board and Chairman of the
Finance Committee during the past four and one-half years, Mr. Clay
always found him to be a man of integrity, character and ability. He thanked
Mr. Forgy for all he has done for the University and extended best wishes
to him and his family for success in his new career. Mr. Sturgill and Mr.
Homer Ramsey also spoke of their admiration of Mr. Forgy and expressed
their regrets that he is leaving the University.


      P. Interim Financial Report (FCR 1)

      Mr. Clay, Chairman of the Finance Committee, said that the Finance
Committee had not met prior to the Board meeting since the only item to be
presented to the Board was a routine Interim Financial Report for the period
ending February 28, 1975. He moved that the report be accepted. His
motion was seconded by Mr. Crockett and passed without dissent. (See FCR 1
at the end of the Minutes. )


      Q. Student Code Revision Committee Report (SCRCR 1)

      Mr. Crockett, Chairman of the Student Code Revision Committee,
said that this committee had met on March 27 to review recommendations
made to it by President Singletary after he had received recommendations
from the Advisory Committee on Student Code Revisions. There were nine
recommendations transmitted to the Board committee by President Singletary
who recommended that eight of the Advisory Committee's recommendations
be approved without change and that one be disapproved. The Board com-
mittee, after thorough review, agreed with the President's recommendations.

      Mr. Corckett then moved that the Board of Trustees approve the
eight recommended revisions in Student Rights and Responsibilities, Part I.