4itnutes of the Regular Meeting of the Board of Trustees, Uni-
versity of Kentucky, April 1, 1941.
The regular April meeting of the Board of Trustees, University
of Kentucky, was held in thle President's Office, Tuesday, April 1,
1941, 9:30 a.m. The members of the Board present, were Governor
Keen Johnson; Judge Richard C. Stoll; Iirs. Paul G. Blazer, 17.ar-per
Gatton; H. S. Cleveland; Louis Hillenmeyer; Lee Kirkpatrick; Robert
P. Hobson; Judge John Cooper; WV. H. May; J*W. Brooker; Robert Tuay
and Judge Harry VW. Walters. President Cooper and Secretary D, H.
Peak were present.
Governor Johnson announced the appointment of Judge Harry r7.
Walters of Shelbyville to fill the vacancy caused by the resignatian
of John INewcomb whose term expired January, 1940; and the appoint-
ment of 11r. Robert Tway, of Louisville, to fill the vacancy caused
by the resignation of D. D. Stewart, whose term expires January
1942. The new members are appointed from the Board of Agriculture.
He then gave to the appointees their commissions and introduced them
to the Board members.
1. Aix.oroval of M.inutes. The minutes of the Board of Trustees
of Decei.mber 10, 1940, and the minutes of the meetings of the Execu-
tive Committee of January 17, 1941, February 21, 1941, and Miarch 21,
1941, were approved as published.
2. Financial Re-port.
The Business Agent submitted following report:
Ov~ing to the early date of this meeting, I am unable
to make the usual financial statement for the preceding
month, However, there has been little change in the
financial situation and our expenditures are running con-
sistently wi-,th the original budget appropriations. Col_
lections of fees do not indicate that there will be .ny
change in the estirmate I heretofore made of a reduction
in the budgeted income of 813,000. I think on the
whole that, if wc keep expenditures within the budget, we
will be able to live within the reduced income.
3. President's Quarterly Report.
President Cooper presented and read the quarterly report of the
President on the state of the University. On motion, seconded and
carriedl the report was received and ordered -ublished in the min-
utes. It is copied as follows: