3



       H. Interim Financial Report (FCR 1)

       There being no questions relative to the interim financial report, on motion
by Mr. Griffin, seconded by Mr. Bell, and passed, the interim financial report
covering the period ending May 31, 1971 was accepted and ordered made a matter
of record. (See FCR 1 at the end of the Minutes. )


       I. Appropriation to Division of Auxiliary Services Approved (FCR 2)

       At the request of Mr. Griffin, Chairman of the Finance Committee, Mr.
Forgy explained briefly the uses to which the $123, 000 appropriation requested
for the Division of Auxiliary Services would be put and on motion by Mr. Griffin,
seconded by Mr. Bell, and passed, FCR 2 was approved. (See FCR 2 at the end
of the Minutes. )


       J. Report of Investments (ICR 1)

       Mr. Clay called attention to the quarterly report of investments (ICR 1),
accepted it on behalf of the Executive Committee, and ordered it filed. (See ICR 1
at the end of the Minutes.


       K. Meeting Adjourned

       There being no further business to come before the meeting, on motion duly
made, seconded, and carried, the meeting adjourned at 2:25 p. tn.

                                              Respectfully submitted,




                                              Lawrence E. Forgy, Jr.
                                              Secretary, Board of Trustees







(Resolution on Dr. Rudd, PRs 2, 4, 5, and 6, FCRs 1 and 2, and ICR I which
follow are official parts of the Minutes of the meeting of the Executive Committee
of the Board of Trustees on August 17, 1971. )