85



June 25, 1862



amendment of
charter to
authori ze
loans of funds
at rate not
above 10%



investment in
Bank Stocks
Ky.)



At a meeting of the Board called at 12 r. on motion Bell and
Poston were appointed the Legal Advisors & Counsel of the Board.
     On notion it was resolved that Messr. C. T. Worthington,
G. W. Poindexter, Jno. F. Fork & Elizsh Gabbort be a Committee
to procure from the Legislature of Ky. an amendment to the
Charter of Ky. University authorizing the Board to loan tem-
porarily all uninvested funds in the hands of the Treasurer at
a rate not excluding ton per cent per annum.

Bro. Bowman offered the following BRsolutionst
     That the Treasurer in connection with the investing com-
mittee, be authorized when practicable & expedient to invest
all funds falling due in Ky. Bank stockss Passed
     Board adjourned to meet at 4 P. M*



committee on
university
building



investments



Curator G.
Talbott re-
signs and 0. L.
Poston elected
curator

organi zation
for next year

by-law suspend-
ed concerning
other occupation

present officers
re-elected



4 P. M. mot etc.- The resolution offered by Bro. Rogers in the
forenoon was formally passed. The Committee of five appointed
by the Chair are as follows.
     John J. Rogers, Chairman        Z. F'. Smith
     R. C. Bicketts                  Dr. Jas. Smith
     J. B. Bowman
     On notion a committee of three consisting of A. G. Kyle,
Z. F. Smith and W. T. Moore were appointed to confer with legal
counsel in reference to the investment of funds uninvested.
     After report of committee & Counsel the Board adjourned
to meet again at 84 otclock.
     The Board met 8j o'clock &co
     Curator A. G. Talbott having sent in his resignation as
Curator his resignation was accepted - And on motion A. G.
Kyle, the by law in the case being suspended, Judge Poston of
Harrodsburg was unanimously elected a Curator viva voce.
     On motion the whole question of organization for next
session was left to the decision of the Faculty & Executive
Board.
     On notion it was resolved that in view of the reduction
of the Salaries of the Prof. during the ensuing year, any
arrangement they may make for series in Precting or Teaching
shall not be construed as a violation of the 8th sec 3rd art.
of Ky. Laws.
     On motion the Present Curators in office were unanimously
elected without ballot for the ensuing year.