Minutes of the Regular Monthly Meeting of the Executive Com-
mittee of the Board of Trustees, University of Kentucky, for Tue-
day, May 12, 1925.



     The Executive Committee of the Board of Trustees of the Uni-
veroity of Kentucky, met in the office of President MoVey at noon,
Tuesday, May 12, 1925.   Those present were:  JudgE R. C. Stoll,
and Senator H. Id. Fronan, of the Executive Committee, and Mr. Lou5'-
F. hillenmeyer of the Board of Trustees.   The remaining three mem-
bers of the Executive Co..lrrittee being unavoidably assent on account
of professional and other engagements, no quorum was present.
Those present, however, resolved themselves into a committee to
make recommendations upon the order of business as presented.
Reading of the minutes of the previous meeting was dispensed with.

     The Business Agent of the University submitted fhe following
report:

                                        May 12, 1925

   Dr. Frank L. McVey
   University of Kentucky

   Dear Doctor MoVey:

   I am submitting financial report for April, 1925.    On May 6,
   1925, the Treasurer received $6,954.04.    Each receipt seems
   to confirm our estimate previously made as to amount of state
   tax.

   I wish to state further that Treasurer W. A. McDowell has in
   his hands state warrants amounting to $17,145.59, General
   Fund; $28,941.31, Experiment Station Fund; $59,83O..65, Sxten-
   sion Division Fund.   These warrants have been held in 'order
   that the interest thereon might accrue to benefit of the Uni-
   versity, to help offset interest paid on loans.    It is prob-
   able that the greater amount will have to be sold the latter
   part of May.

   Very truly yours,

   D. H. Peat
   Business Agent