D. President's Report on Activities
Before presenting his monthly report on University activities, Dr. Oswald
welcomed Mr. Black to membership on the Board of Trustees and expressed
gratification that Dr. Denham and Professor Oberst would continue on the Board
for additional terms. He commented briefly on the items in the report, prefacing
his remarks with the statement that the report was illustrative of the diversity of
activities being carried on throughout the University.
The President's Report on Activities, copies of which are mailed to the facul-
ty and alumni following each meeting, was accepted with thanks and ordered filed.
E. Recommendations of the President (PR 2) and Supplemental Recommen-
dations of the President (PR 3) Approved
Since the items contained in PR 2, Recommendations of the President, and
PR 3, Supplemental Recommendations of the President, were routine in nature and
both were brief, the Board elected to act upon the two at the same time.
Dr. Oswald called attention to the increase in the late registration fee from
$5 to $20 effective with the Fall Semester 1966-67 (PR2) and to the recommendation
that a Department of Accounting, with Dr. W. W. Ecton as Chairman, be es-
tablished in the College of Business and Economics, effective July 1, 1966. He
commented that this was a further step in the departmentalization of the college and
the strengthening of the total program.
Mr. Kerley called attention to reported changes in the investment portfolio and
indicated that the overall rate of interest for recent investments is 5. 3%o or better.
On motion duly made, seconded, and carried, PR 2, Recommendations of the
President, and PR 3, Supplemental Recommendations of the President, were ap-
proved as a whole and ordered made a part of the official Minutes of the April 5,
1966 meeting of the Board of Trustees. (See PR 2 and PR 3 at the end of the
F. Honorary Degrees Approved for Dr. Leo M. Chamberlain, Dr. Philip E.
Blackerby, Jr., Dr. Carl Hill, Mr. John Mason Brown, and Dr. Louis Gordon
President Oswald expressed his pleasure in passing on to the Board of
Trustees the recommendations of the Honorary Degree Committee, duly approved
by the Graduate Faculty and the University Senate, for recipients of honorary
degrees at the commencement exercises on May 9, 1966. The following five indi-
viduals were recommended for the degree shown: