3.



Excess of Receipts over Ex-
  penditures for the fiscal
  year to date - General
  Fund                        (59,933.44)   68,286.79   8,353.i,

  Excess of Receipts over Ex-
  penditures for the fiscal
  year to date - General
  Fund                                                 8,353.3i
  Cash in Bank July 1, 1928 -
  General Fund                                        64,3957.'
  Cash in Bank June 30, 1929 -
  General Fund                                       72.311.10



     2. Borrowina o Money.    A motion was made, seconded, and
carried authorizing the Chairman of the Executive Committee
and the Business Agent of the University to br_-Trov! from time
to time, or at any one time, such amounts art may be necessary
to meet the current expenses of the Univcrs- ty not to exceed
the sum of $150 ,000.


     3. Bids on Linoleum FloorinZ in the Library. The questic..
of bids for linoleum flooring for the library was taken up
and a motion was made, seconded, and carried to reconsider
the previous action.   A statement was presented from the
architects recommending the letting of contract for linoleum
floors in the library to R. B. Hayes, Lexington, Kentucky,
the lowest bidder.   A motion was made, seconded and carried
that the contract be let to Mr. Hayes in accordance with
his bid submitted to the June meeting of the Board.


     4. Signing of Contracts for Buildings.   A motion was
made, seconded, and carried authorizing the President of the
University, and the Chairman of the Executive Committee and
the Business Agent to execute contracts for buildings as fol-
lows: