M. Amrendment of Policy on Utilization of University Housing Facilities
Mr. Griffin explained that the proposed Amendment to the Policy on
Utilization of University Housing Facilities was being made on the advice
of counsel in order for the documents relating to the housing and dining
system bonds to conform to current practices. He moved approval of the
recommendation in FCR 2. His motion was seconded by Mr. Frank Ramsey
and passed. (See FCR 2 at the end of the Minutes. )
N. Acceptance of Audit of Spindletop Hall, Inc. (FCR 3)
On motion by Mr. Griffin, seconded by Mr. Black and passed, the
financial statement of Spindletop Hall, Inc. , for the yearsended December 31,
1975 and 1974 was accepted. (See FCR 3 at the end of the Minutes.)
0. A Resolution Authorizing the Issuance of $7, 500, 000 Consolidated
Educational Buildings Revenue Bonds, Series F, of the Board of
Mr. Blanton explained that bids for the construction of a Fine Arts
Complex were due to be taken this summer and that various utility projects
on the campus require funding. He suggested that the Board of Trustees
consider a resolution authorizing $7, 500, 000 University of Kentucky Consolidated
Educational Buildings Revenue Bonds, Series F, for the aforementioned purposes.
Thereupon, after such resolution had been considered, Mr. George W.
Griffin introduced, caused to be read and moved immnediate adoption of a
A RESOLUTION AUTHORIZING THE ISSUANCE OF $7, 500, 000
CONSOLIDATED EDUCATIONAL BUILDINGS REVENUE BONDS,
SERIES F, OF THE BOARD OF TRUSTEES OF THE UNIVERSITY
and a true copy of which is attached to these minutes. The motion for the
adoption cOf said resolution was seconded by Mr. Homer Ramsey. After full
discussion, Mr. Clay put the question, and upon call of the roll the vote was
recorded as follows: Voting aye: Mr. Albert G. Clay, Professor Paul G.
Sears, Mrs. Robert 0. Clark, Professor Michael Adelstein, Mr. William
R. Black, Mr. Richard E. Cooper, Mr. John R. Crockett, Mr. George W.
Griffin, Mr. James Harralson, Mrs. David Hermansdorfer, Mr. Thomas
B. Kessinger, Mr. Zirl Palmer, Mr. Frank Ramsey, Jr., Mr. Homer W.
Ramsey, Mr. James A. Sutherland, and Dr. John R. Woodyard. Voting