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Part of Minutes of the University of Kentucky Board of Trustees

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Minutes of the Special Called Meeting of the Board of Trustees of the University of Kentucky, Tuesday, June 22, 1971 The Board of Trustees of the University of Kentucky met in special called session on Tuesday, June 22, 1971, for the purpose of electing a Secretary of the Board of Trustees and Ex Officio Secretary of the Executive Committee. Governor Nunn, Chairman, presided. A quorum being present, the Governor declared the meeting officially open at 10:05 a. m. The Chairman pointed out to the members of the Board that the University's $34, 700, 000 Consolidated Educational Buildings Revenue Bonds, Series D. sold by the Executive Committee at its meeting of June 8, 1971, were being prepared for delivery to the purchasers and that the 6940 bonds, in addition to numerous other documents, required the signature of the Sec- retary of the Board of Trustees, and that it was customary to arrange for the cumbersome job of signing Bonds to be accomplished by special appointment at The Signature Company in New York City. He advised that the Secretary, Mrs. Rexford S. Blazer, had recently undergone surgery and it was not antici- pated that she would be able to take care of these duties and for this reason the meeting had been called to act upon her resignation as Secretary, but not as a member of the Board, and to elect a replacement Secretary for the period of her incapacity. It was agreed that Mr. L. E. Forgy, Jr. , Vice President for Business Affairs of the University, would be the logical replacement for Mrs. Blazer. Inasmuch as a by-law of the Board of Trustees states that the Secretary of the Board shall not be an administrative official or staff member of the University, Governor Nunn called for a motion for waiver of this by-law to permit the election of Mr. Forgy. Mrs. Clark so moved. Her motion was seconded by Mr. Griffin and the following members voted "aye": Governor Nunn, Mr. Miller, Mr. Griffin, Mr. Alverson, Mdr. Goss, Mrs. Clark, Dr. Nicholas, Mr. Butler, Mr. Cooper, Mr. Clay, Mr. Chandler, and Mr. Pence. "Nay": None. Mr. Goss then moved that the resignation of Mrs. Blazer as the duly elected Secretary of the Board of Trustees of the University of Kentucky and Ex Officio Secretary of the Executive Committee be accepted, effective immediately, and that Mr. L. E. Forgy, Jr. be elected as Secretary of the Board of Trustees of the University of Kentucky and Ex Officio Secretary of the Executive Committee of the Board with full power and authority to act in that capacity and under that title until replaced, and without limiting the generality of the foregoing, during such period he shall have the power and authority to act in that capacity under that title in connection with the issuance by the Board of Trustees of its bond issue described as $34, 700, 000 "University of Kentucky Consolidated Educational Buildings Revenue Bonds, Series D, " dated May 1, 1971, to sign such Bonds and the coupons thereto appertaining as such Secretary and to execute any and all papers necessary or desirable in connection with the issuance and delivery of said Bonds as Secretary of the Board of Trustees.