78



                 Minutes Of The Board Of Trustees     April 6, 1921




     (2) Loan from State Fair Board.   It was reported to the Board that
the State Fair Board had, thru the sale of State Fair bonds about $100,000
which it would not use for two months, or more, and it was suggested that
it was possible that the State Fair Board might make a loan to the Uni-
veristy with State warrants as collateral.  A motion was made by li. Wells,
and seconded by Mr. Colvin that. if arrangements can be made, the Univers. ty
borrow $100,000 from the State Fair Board for such time as the money can be
obtained, the rate of interest being six per cent and the details being
left to the Business Agent. Motion carried.

     (3) Storm Sewer for City of Lexington on Rose Street. Mr. Stoll re-
ported to the Bo;rd that the City authorities had been discussing with him
the necessity of turning the storm sewer on Rose Street thru the drain
across the University Campus.  (See minutes of Executi7e Committee for
March 16, 1921).  He indicated that it appeared necessary to make some
sort of arrangements with the city authorities owing to the fact that
there was no other method of disposing of the water than in the manner in-
dicated. He stated that the City authorities would make a definite propo-
sal in writing to the University regarding the matter. On motion, the ques-
tion was referred to President McVey with power to dispose of the matter.

     (4) Purchase of Engineering Equipment.  It wras reported to the Board
that engineering equipment aggregating $51,000 had been purchased.   It was
also indicated that orders had been placed by the Dean of the College of
Engineering for eauipment without making the usual requisitions thru the
Business Office, with the result that the latter had to war of estimating
     accurately, outstanding indebtedness of the Institution.   On motion
by Mr. Wells, seconded by Mr. Colvin, and unanimously adopted, Mr. Grady,
as a member of the Committee on the Purchase of Engineering Equipment, was
requested to advise the Dean of the College of Engineering that further
requisitions for such equipment should be filed in the usual way with the
Business Agent and receive his formal approval before orders are placed for
material. (See minutes for July 7, 1921; September 21, 1921; and November
19, 1921).

      (5) Payments on New Dormitory. It was moved, seconded, and unani-
mously carried that the President and Business Agent shall approve all bills
for construction on the new dormitory, and make proper certification to the
State Auditor.

      (6) Coordinator for Smith-Hughes Teacher Training   President MoVey
indicated to the Board that the University is engaged in three phases of
vocational teacher training as a part of the program of the State Board for
Vocational Education, namely agriculture, home economics, and trades and
industries. He stated that the State Board for Vocational Education had