Minutes of the Ieeting of the Executive Committee of the
Board of Trustees, University of Kentucky, April 20, 1949.


      The Executive Committee of the Board of Trustees of the
University of Kentucky met in the President's Office at 10:40 a.m.,
7ednesday, April 20; 1949. .The following members were present:
Harper Gatton, T. H. Cutler, J. C. Everett, R. P. Hobson, and G-uy
A. Huguelet.   Absent:  None.   Vice President Leo MA. Chamberlain
and Secretary Frank D. Peterson were also present.



     A. Purpose of Meeting.

     The Executive Committee, pursuant to call and proper notifica-
tion, met on April 20, 1949.   It was stated that the meeting was
for the purpose of considering the sale of Library and Service
Building Revenue Bonds, and the sale of revenue bonds for the
extension of McLean Stadium.


     B. Sale of Library and Service Building Revenue Bonds and
University of Kentucky Stadium Revenue Bonds Authorized.

     The Secretary presented an affidavit from the advertising
clerk of the BOND BUYER, a daily and weekly newspaper printed
and published at 67 Pearl Street, City of New York, County of
New York, State of New York, to the effect that, pursuant to au-
thorization of the Board of Trustees of the University of Kentucky,
3490,000.00, University of Kentucky Library and Service Building
Revenue Bonds, and 300,000.00, University of Kentucky Stadium
Revenue Bonds, would be sold upon receipt of competitive bids
filed with the Secretary of the Board.

     The Secretary reported receipt of one bid from a Louisville
and Lexington Syndicate.   A certified check in the amount of
Q10,000.00 was attached to the bid for University of Kentucky
Library and Service Building Revenue Bonds, and a certified check
for Q6,000.00 was attached to the bid for University of Kentucky
Stadium Revenue Bonds, in compliance with the terms and conditions
of the bond sales.

     The bids were considered, and after some discussion, upon mo-
tion duly made by Member J. C. Everett, seconded by Member R. P.
Hobson, and carried, the following Resolution was presented and
unanimously adopted: