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Part of Minutes of the University of Kentucky Board of Trustees

Minutes of the Meeting of the Executive Committee for the Regular Monthly Meeting on Monday, April 26, 1920. The xeecutive Committee of the Board of Trustees, University of Kentuoky, met in regular monthly session on Monday, April 26, .1920, in the office of the President of the University at 11:00 a. m. The following members were present: kichard C. Stoll, P. P. John- ston, Jr., Rainey T. Wells, Richard P. Ernst and Robert G. Gordon. Frank L. McVey, President of the University, and Wellington Patrick, Secretary of the Committee, were also present. The minutes of the previous meeting were adopted. 1. Memorial Building. President MGVey reported progress on the Memorial Building and presented the following letter from Professor We E. Freeman, Campaign Manager, with respect thereto: April 15, 1920 President Frank L. MoVey University of Kezntuoky My dear President McVey: In reply to your letter of April 10, I wish to say that the total amount of cash and subscriptions now on hand in the Kentucky Memorial Building fund is about $162,000. This sum may be divided as follows: Due from the Gounty Df Fayette by Fiscal Court Appropriation .............,.e.,.. $25,000 Due from the City of Lexington Bond Issues.... 75,000 Invested in 4 and 3/4 per oent United States Treasury certificates of Indebtedness 32,000