Minutes of the 1.lecting of the Executive Committee of the Board
of Trustees of the University of Kentucky, January 21, 1949.


     The Executive Committee of he University of Kentucky met in
the President's Office at 10:35 a.m., Friday, Jan.zuary 21, 1949.  The
following members were present:  Guy A. Huguelet, Chairman; Harper
Gattori, T. H. Cutler, and J. C. Everett.  Absent: R. P. Hobson.
President Donovan and Secretary Peterson met with the Committee.


    A. Minutes Approved.

    The minutes of the meeting of the Executive Committee of Novem-
ber 6, 1948, were approved as published.


     B. Special Election from Alumni for Member of Board of Trustees.

     President Donovan reported that he had a communication from the
Secretary to the effect that the 1948 General Assembly enacted what
is now known as Section 164.130, Kentucky Revised Statutes, changing
the terms of members of the Board of Trustees of the University of
Kentucky from six to four years.   He stated that it was necessary,
in complying with the new law, to hold a special election for Board
member from among the alumni group, to fill the vacancy caused by
the expiration of the term of Mr. Grover Creech, alumnus member.

     The Executive Committee of the Alumni Association, having nom-
inated six alumni, the Secretary of the Board of Trustees caused an
election to be held by the alumni of the University, the ballots to
be counted on February 1, 1949.

     President Donovan recommended that the Executive Committee of
the Board of Trustees authorize the Secretary of the Board to count
the ballots and to certify to the Governor the names of the three
alumni members who receive the largest number of votes, from which
list the Governor may appoint a successor to Mir. Creech.

     Upon motion duly made, seconded and carried, the recommendation
of the President was concurred in.'



     C. Report of the Comptroller.

     The Comptroller made the usual financial report, including bal-
ance sheet and operating statement of all funds.   He read the fol-
lowring analysis of the report: