Minutes of the Meeting of the Executive Committee of the Board of
Trustees of the University of Kentucky, August 19, 1960.


      The Executive Committee of the Board of Trustees of the University of
Kentucky met in the President' s Office at 10:35 a. m. CST, Friday, August 19,
1960, with the following members present: R. P. Hobson, chairman; Harper
Gatton, Robert Hillenmeyer and J. Stephen Watkins. Absent. Dr. Ralph J.
Angelucci. President Frank G. Dickey and Secretary Frank D. Peterson met
with the CQmmittee, and members of the press were present.



     A. Minutes Approved as Published.

     Upon motion duly made, seconded and carried, the minutes of the Executive
Committee of July 15, 1960, were approved as published.



     B. Financial Report of the Treasurer.

     Mr. Peterson submitted financial report and made available to each mem-
ber a copy. He recalled that the report had been made available by mail toeach~rnem-
ber of the Committee. He read a summary statement and asked if there were
any questions concerning the report. Mr. Watkins stated that he had reviewed
the financial report and had no question. O~her members of the Committee
concurred, and upon motion duly made, seconded and carried, the report was
authorized received and filed,



     C. Contract with Department of Finance. Farm Management Unit, Ap-
proved.

     Mr. Peterson submitted an Agreement between the University of Kentucky,
Agricultural Experiment Station, and the Department of Finance, through Ben J.
Butler, Director of Farm Management, whereby the Agricultural Experiment
Station would be employed to prepare a plan of organization and operation for
the utilization of the agricultural resources owned and controlled by the State.
The Experiment Station would determine how to produce the dietary needs for
the State mental, penal and children' s institutions at the lowest cost per unit,
estimating the number of man hours required and, in general, would work out
a master plan for the operation of the institutional farms owned by the Common-
wealth. The Experiment Station would be reimbursed, during the calendar year
1960 the sum of $8,000, and for the calendar year 1961, ending September
30, 1961, the sum of $12,000 for services rendered in complying with the Agree-
ment.

     Members of the Executive Committee discussed the feasibility of the pro-
gram and decided that it seemed to be a good plan.  Upon motion duly made,
seconded and carried, the contract was authorized approved and executed.