3



                Dr. Leo M. Chamberlain     Doctor of Laws
                Dr. Philip E. Blackerby, Jr. Doctor of Laws
                Dr. Carl Hill                Doctor of Laws
                Mr. John Mason Brown       Doctor of Literature
                Dr. Louis Gordon             Doctor of Science

Biographical sketches for each person were included as a part of PR 4, a copy of
which is included at the end of the Minutes.

    On motion by Mr. Smith, seconded by Mr. Broadbent, and passed unanimous-
ly, approval was granted to award the honorary degree of Doctor of Laws to Dr.
Leo M. Chamberlain; Dr. Philip E. Blackerby, Jr. , and Dr. Carl M. Hill; the
honorary degree of Doctor of Literature to Mr. John Mason Brown; and the honor-
ary degree of Doctor of Science to Professor Louis Gordon, at the commencement
exercises on May 9; 1966. and the President was authorized to notify each person
of his selection to receive the degree approved. (See PR 4 at the end of the
Minutes. )


    G. Operating Budget for 1966-67 Approved

    Dr. Oswald indicated that he wished Dr. Albright and Mr. Kerley to make the
formal presentation of the budget but would like to make a few cpmments first. He
said the budget document represents the internal breakdown of (a) state funds that
were appropriated by the 1966-67 Legislature, and lb) estimated income from fees,
sales and services; hospital; and other activities of the University. The budget, he
emphasized, is the financial expression of the University's educational programs.
He then read the following points from his letter of transmittal which highlighted
several features embraced in the budget document:

              1.   Salary increments for faculty based upon merit and
                    aimed to keep the University in as competitive a
                    position as possible

              2.   Salary increments for faculty for promotion in rank

              3.   Continuance of the summer faculty research fellow-
                    ships and the faculty fellowships for the improvement
                    of teaching

              4.   Provision for 100 new faculty positions in instruction
                    and research to serve increased enrollments, esti-
                    mated at 12 per cent on the Lexington campus, and to
                    strengthen existing programs; these positions barely
                    provide for the maintenance of the present student -
                    faculty ratios