Minutes of the Meeting of the Executive Committee of the Board of
Trustees, University of Kentucky, March 17, 1961.

         The Executive Committee of the University of Kentucky met in the
President? s Office on the campus of the University at 2:00 p. m., EST, Friday,
March 1.7, 1961, with the following members present: Robert P. Hobson,
Chairman; Dr. Ralph J. Angelucci, Robert Hillenmeyer, J. Stephen Watkins
and Harper Gatton. President Frank G. Dickey and Secretary Frank D.
Peterson were present.


         A. Apprdval of Minutes.

         Upon motion duly made, seconded and carried, the Minutes of the
Executive Committee of February 17, 1961, were approved as published.



        B. Financial Report.

        Financial Report for the eight-months period ended February 28,
1961, was submitted to members of the Executive Committee ten days prior
to the meeting of the Committee and members having read the report and so
stated, upon motion duly made, seconded and carried, the Financial Report
was authorized received and filed.



        C. Lease Approved for Land at Throckmorton, Texas.

        Mr. Peterson submitted lease between the University of Kentucky and
Jim Bob Daws, Throckmorton, Texas, for the lease of 316 acres of land in
Young County, Texas, for a period of three years, beginning April 1, 1961,
for an annual rental of $474. 00 per year.  Mr. Peterson stated that this lease
was known as a grass lease for grazing purposes. The oil rights are already
leased. Mr. Peterson stated that this is a continuation of an existing lease.
Our relationship with Mr. Daws has been good, and Mr. Peterson recommended
the lease be approved and authorized; whereupon, upon motion duly made,
seconded and carried, the lease was approved.



        D. Agreement.s with Fischer Packing Company Approved and Authorized.

        Mr. Peterson submitted Agreements between the Fischer Packing
Company and the University of Kentucky Experiment Station which provide, that
the Packing Company will furnish cattle and feed for tests in cattle feed. The
cazttle will be pk.ced on Coldstream and West Kentucky Farms.  They will
be cared for by employees of the Experiment Station and sold at the end of
thte experiment. All profit from the operations will be given to the Experiment
Station as a grant-in-aid for beef cattle research. Mr. Peterson recommended
that the contracts be approved.



        Upon motion duly made, seconded and carried, the contracts were
:approved and authorized executed.