Office of the President
April 7, 1970
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
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