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[71] > Image [71] of Minutes of the University of Kentucky Board of Trustees, 1970-04-apr7.

Part of Minutes of the University of Kentucky Board of Trustees

Office of the President April 7, 1970 C Members, Board of Trustees: AUTHORIZATION TO EXECUTE DOCUMENTS RE SHELBY ESTATE Recommendation: that the University's attorneys be authorized to take the actions necessary to release, to the nearest relatives, the University's remainder interest in the tangible personal property of John Craig Shelby, deceased. Background: John Craig Shelby died December 18, 1969. First Security National Bank and Trust Company of Lexington qualified as the Executor of his estate. Mr. Shelby's will provided that one-third of the residue of a trust established by him shall be distributed to the College of Law of the University of Kentucky. Mr. Shelby's will did not provide for the retention of his personal effects by his family. The Executor has requested that the residuary beneficiaries, the University of Kentucky, the Princeton Endowment Fund and the Rectors, Wardens and Vestry of Christ Church relinquish their rights to Mr. Shelby's personal effects in favor of his immediate family, while retaining their rights to the residue of the trust. Action: Approved X Disapproved Date: April 7 Othe r , 19 70