Minutes of the Meeting of the Board of Trustees of the University of
Kentucky, December 20, 1955.


       The Board of Trustees of the University, pursuant to adjournment, met
in the President' s Office at 10:00 a. m. , Tuesday, September 20, 1955, with
the following members present: Governor A. B. Chandler, Chairman; Mrs,
Paul G. Blazer, Carl Dempewolfe, Dr. Ralph J. Angelucci, Ben S. Adams,
Robert Stilz, Louis Cox, Dr. Harry Denham, Harper Gatton, R. P. Hobson,
J. Stephen Watkins, M. W. Moore, Wendell P. Butler and Smith D. Broad-
bent. Absent: Thomas A. Ballantine. Mr. Ben Butler, the Commissioner
of Agriculture elect, and Dr. Robert Martin, Superintendent of Public Instruc-
tion elect, met with the Board. President H. L. Donovan and Secretary Frank
D. Peterson were also present.


       A. Meeting Opened.

       At the suggestion of the Chairman, the meeting was opened with prayer
by Mr. Harper Gatton.


       B. Approval of Minutes.

       On motion duly made, seconded and carried, the minutes of the Board
of Trustees of September 20, 1955; and the minutes of the Executive Committee
of October 21 and November 18, 1955, were approved as published.


       C. Financial Report.

       Mr. Peterson submitted Financial Report for the period ended November
30, 1955. The report contained balance sheet of assets and liabilities, state-
ment of unrealized income and departmental appropriations.  The report was
explained in detail and, the members of the Board being advised, upon motion
duly made, seconded and carried, the report was authorized received and made
a part of the record.