-4-



      Mr. Wendelsdorf's motion having been defeated by a 13 to 2 vote, the
Chairman called for a roll call vote on the original motion to adopt the proposed
amendment to Part X, A of the Governing Regulations as presented in PR 6.
The results of the voting were:



Voting Aye:





Voting Nay:



Mr. Bell, Mr. Black, Mr. Burlew, Mrs. Clark,
Mr. Clay, Mr. Cooper, Mr. Goss, Mr. Griffin,
Mr. Kincaid, Professor Oberst, Mr. Palmer,
Professor Sears, Mr. Sturgill, Judge Sutherland

Mr. Wendelsdorf



      The vote being 14 to 1 in favor, the Chairman declared the proposed
amendment adopted as presented. (See PR 6 at the end of the Minutes. )



     J. Refinancing of Consolidated Educational Buildings Revenue Bonds,
Series D



      Trustee Griffin introduced, caused to be read, and moved adoption of the
following Resolution: