Finance Committee Report
March 10, 1970



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Members, Board of Trustees:

     AUTHORIZATION TO EXECUTE LEASE OF LAND IN TEXAS



Recommendation: that the Acting Vice President-Business Affairs and Treasurer
be authorized to execute a lease of 316 acres of grazing land located in Young
County, Texas, for a period of two years from April 1, 1970, for a net yearly
consideration of $867. 62.

Background: The land in question was donated to the University several years
ago and since that time, has been leased to Mr. Jim Bob Daws for grazing pur-
poses. The action recommended is a renewal of the prior lease on the same
terms and conditions.



Action- Approved      X     Disapproved

Date:     March 10    1 1970



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