4



       L. Authorization for Relocation Housing (FCR 2)

       At Mr. Griffin's request, Mr. Forgy explained that prior to another meeting
of the Board, the University might be requested to make available a portion of the
University's land at Cumberland Community College which was deemed to be
surplus to the needs of the University, such land to be used for relocation housing.
He was, therefore, requesting the authority to execute the necessary documents
should it become necessary to make this land available.

       On motion by Mrs. Blazer, seconded by Mr. Goss, and passed, the recom-
mendation in FCR 2 was approved as presented. (See FCR 2 at the end of the
Minutes. )


       M. Advisory Services for Investment of Endowment Funds
Authorized (ICR 1)

       Mr. Forgy reported that the First Kentucky Trust Company for the past
two years had provided advisory services for the investment of endowment funds
of the University, and the Investment Committee wished to recommend a continu-
ation of these services for the 1973-74 fiscal year.

       On motion by Mr. Cooper, seconded by Mrs. Blazer, and passed, the
Vice President for Business Affairs and Treasurer was authorized to enter into
a contract with First Kentucky Trust Company of Louisville, Kentucky, for the
fiscal year 1973-74. (See ICR 1 at the end of the Minutes.)


       N. Meeting Adjourned

       There being no further business to come before the meeting, on motion duly
made, seconded, and passed, the meeting adjourned at 2:35 p. m.

                                            Respectfully sumbitted,




                                            Lucile T. Blazer
                                            Secretary of the Board of Trustees




(The Schedule of Meetings, the Resolutions, PRs 2, 3, 4 and 5, FCRs 1 and 2, and
ICR I which follow are official parts of the Minutes of the meeting. )