Minutes of the Meeting of the Executive Committee of the Board
 of Trustees of the University of Kentucky, May 22, 1959.


          The Executive Committee of the Board of Trustees of the University
 of Kentucky met in the President, s Office at 9:35 a. m. CST, Friday, May 22.
 1959, with the following members present: R. P. Hobson, Chairman; Dr.
 Ralph J. Angelucci, Wood Hannah, Sr. , and Harper Gatton. Absent, J.
 Stephen Watkins. President Frank G. Dickey and Secretary Frank D. Peter-
 son met with the Committee.



          A. Approval of Minutes.

          The minutes of the Executive Committee of February 20, 1959, were
approved as published.



          B. Cooperstown Representatives Heard.

          President Dickey advised members of the Committee that he had
been requested by representatives of the Cooperstown Council to appear
before the Committee in protest of the rental rates as fixed by the Executive
Committee at its meeting February 20, 1959, effective July 1, 1959. The
following representatives were invited to appear before the Committee: Mr.
Joe Sharp, Mr. Gere Noe and Mr. Paul Throckmorton. These gentlemen
explained the difficulty of paying the rentals for apartments in Cooperstown
on the income that they had and, at the same time, taking care of their other
general expenses. They reported on a survey of rental rates charged by
other institutions of the country for family housing of married students attend-
ing school. Some of the answers they had received from inquiries revealed
that some schools charge less than the rates fixed for Cooperstown and
some institutions charge more. It was thought that most of the answers re-
ferred to similar conveniences, but this was not definitely established.
Members of the Committee discussed quite frankly with these young gentle.-
men the necessity for the University to be able to meet its obligations to
bond holders, maintain the credit of the University, and remain in a position
to finance other buildings through borrowed funds for construction, when
necessary.  Everyone seemed to be of the opinion that the rentals in Coop-
erstown are less than for comparable facilities in the City of Lexington.
They desired to hold the rates as low as possible.  The representatives of
the Cooperstown Council, having been heard and reporting that they had
nothing further to add to their request, were excused.

          Members of the Executive Committee discussed the petition of the
representatives.  The obligation to the general public in the maintaining of
University credit and the charge for comparable facilities by private investors
determine that the rentals fixed at its meeting on February ?20, 1959, effective
July 1, 1959, were justified, and upon motion duly made, seconded and car-
ried, the Committee declined to change the action as recorded in the minutes
of the Executive Committee of February 20, 1959. They asked the Secretary
to write a letter to the representatives, so advising.