-4-



       N. Acquisition of Property Approved (FCR 3)

       On motion by Mr. Griffin, seconded by Mr. Cooper, and passed without
dissent, the recommendation in FCR 3 relative to the acquistion of 91. 5 acres
of forest land in Breathitt County was approved. (See FCR 3 at the end of the
Minutes.



       0. Lease Agreenment With City of Ashland Approved (FCR 4)

       The proposed lease of a portion of the campus of the Ashland Cornmunity
College for the construction of a tennis court by the City of Ashland and others
will permit the students at the college to have access to a \valuable recreation
facility without cost to the University.

       On motion by \Ir. Griffin, seconded by Mr. Cooper, and passed, the lease
agreement as recomnmended in FCR 4 was approved. (See FCR 4 at the end of the
MIinutes. )



       P. Deed of Correction Approved (FCR 5)

       Without discussion, on motion duly made, seconded, and carried, the
recommendation In FCR 5 authorizing the Vice Chairman of the Board of Trustees
to execute a Deed of Correction was approved. (See FhCR 5 at the end of the
Minutes. )



       Q. Investment Committee Quarterly Report Accepted (ICR 1)

       On motion by Mrs. Blazer, seconded by Mr. Goss, and passed, the
quarterly report of the Investment Committee was accepted and ordered made a
matter of record. (See ICR I at the end of the Minutes.



      R. Meeting Adjourned

      There being no further business to come before the meeting, on motion
duly made, seconded, and carried, the meeting adjourned at Z:20 p. m.

                                             Respectfully submitted,




                                             Lucile T. Blazer, Secretary
                                             Board of Trustees

(PRs 2, 3, 4, 5, 6, 7, 8 and 9, FCRs 1, 3, 4, and 5 and ICR I which follow are official
parts of the Minutes of the meeting. )