Minutes of the Meeting of the Board of Trustees, University of Kentucky,
Tuesday, March 16, 1971


       The Board of Trustees of the University of Kentucky met in regular
session at 2:00 p. m. (Eastern Standard Time) on Tuesday, March 16, 1971 in
Room E on the 18th floor of the Patterson Office Tower on the campus of the
University with the following members present: Governor Louie B. Nunn, Mr.
Jesse Alverson, Mr. Thomas Bell, former Governor Albert B. Chandler, Mr.
Albert G. Clay, Mrs. Robert 0. Clark, Mr. Eugene Goss, Dr. N. N. Nicholas,
Mr. James H. Pence, non-voting faculty member, Dr. Robert W. Rudd, and
non-voting student member, Mr. Stephen Bright. Absent from the meeting were
Mrs. Rexford S. BLazer, Mr. Wendell P. Butler, Mr. Richard Cooper, Mr.
George W. Griffin, Mr. J. Robert Miller, Mr. Floyd H. Wright, and non-voting
faculty member, Dr. Paul Sears. Members of the administration present were:
Vice Presidents Alvin L. Morris, Lewis W. Cochran, A. D. Albright, Glenwood
L. Creech, Stanley Wall, Peter P. Bosomworth, and Lawrence E. Forgy; Dr.
Donald B. Clapp, Budget Director; and Mr. John C. Darsie, Legal Counsel.
Representatives of the various news media were also in attendance.


      A. Meeting Opened

      Governor Nunn, as Chairman called the meeting to order at 2:00 p. m.
The invocation was pronounced by Mr. Clay. Mrs. Clark, serving as Tempo-
rary Secretary in the absence of Mrs. Blazer, the regular Secretary, reported
a quorum present and the meeting was declared officially open for the conduct of
business at 2:00 p. m.


      B. Minutes Approved

      On motion by Governor Chandler, seconded by Mr. Goss, and passed,
the reading of the Minutes of the last meeting was dispensed with and the Minutes
were approved as published.


      C. Resolution Constituting Second Amendment to Series A and Series B
Resolution Authorizing $12, 200, 000 University of Kentucky Community Colleges
Educational Buildings Revenue Bonds, Series A and $4, 489, 000 University of
Kentucky Community Colleges Educational Buildings Revenue Bonds, Series B

      Mr. Forgy explained that in connection with the authorized issue of
$12, 200, 000 of University of Kentucky Community Colleges Educational Buildings
Revenue Bonds, Series A, due to the lapse of time in issuing such bonds, $75, 000
of same would fall due on May 1, 1971 and that due to the nearness of such date it