Minutes of the Meeting of the Executive Comrrmittee of the Board of
Trustees, August 2, at 12:00 Noon.


        The Executive Committee of the Board of Trust.ees of the University
of Kentucky met in the President, s Office at 12;00 noon, Tuesday, August 2,
1955, with the following members present: R. P. Hobson, Harper Gatton, Dr,
Ralph J. Angelucci and Smith D. Broadbent,  Vice President Leo M. C! .-rnber-
lain and Secretary Frank D. Peterson met with the Committee.


        A. Luncheon,

        The meeting was called for 12:00 o'clock and luncheon was served in
the office of the President, The members of the Comrnitlee took up the busi-
ness on the agenda at 12:30 pO m.


        B. Robert P. Hobson Made TeoraryChairman.

        Vice President Chamberlain expressed the deep regret of the members
of the Committee and of the University at the death of Mr. Guy A. Huguelet,
Vice Chairman of the Board of Trustees and Chairman of the Executive Commit-
tee. He suggested that some member of the Committee be named to serve as
chairman of the meeting.

        Upon the suggestion of Mr, Harper Gatton and the unanimous consent
of all other members of the Committee, Mr. Robert P. Hobson was appointed
to serve as temporary chairman.


        C. Approval of Minutes.

        On motion duly made, seconded and carried, the minutes of the meeting
of the Executive Committee of February 8, 1955, were approved as published.


        D. Financial Report.

        The Vice President, Business Administration, made a financial report
for the fiscal year ended June 30, 1955. lt was suggested that, since the report
was for the fiscal year, it be put into the minutes. The report follows-