xt7gb56d2p1b https://exploreuk.uky.edu/dips/xt7gb56d2p1b/data/mets.xml Lexington, Kentucky University of Kentucky 19351217 minutes English University of Kentucky Contact the Special Collections Research Center for information regarding rights and use of this collection. Minutes of the University of Kentucky Board of Trustees Minutes of the University of Kentucky Board of Trustees, 1935-12-dec17. text Minutes of the University of Kentucky Board of Trustees, 1935-12-dec17. 1935 2011 true xt7gb56d2p1b section xt7gb56d2p1b 





     Minutes of the Regular Meeting of the Board of Trustees of
the University of Kentucky, December 17, 1935.


     The Board of Trustees of the University of Kentucky met in
President McVey's office at the University December 17, 1935, at
10:30 a.m. in continuation of the meeting of December 10, 1935.
The members of the Board present were Governor A. B. Chandler,
chairman; James Park, John S. Cooper, Louis Hillenmeyer, Ri Miller
Holland, Dr. George Wilson, James Rash, 0. C. Whitfield, J. B.
Andrews, Eugene Flowers, Robert G. Gordon and G. C. Wells.   Gov-
ernor Chandler was welcomed by the members of the Board and Pres-
ident McVey, this being his first meeting.


     1. Minutes Approved.

     The minutes of the following meetings were approved as pub-
lished: Regular Meeting of the Board of Trustees, May 30, 1935;
Executive Committee, June 27, 1935; Executive Committee, July 18,
1935; Regular meeting of the Board of Trustees, September 24,
1935; Executive Committee, October 31, 1935; Called Meeting of the
Board of Trustees, November 15, 19354

     The minutes of the Called Meeting of the Board of Trustees
of December 7, 1935, were approved as published with the follow-
ing correctiont insert in the form of bond Section 7, beginning
on page 42, at the end of first paragraph on page 43 the f ollow-
ing: This bond shall be callable at par plus accrued interest,
at the pleasure of the Board of Trustees of the University of Ken-
tucky, on any regular interest date.


     2. President's Report.

     The President made his regular quarterly report which was
ordered to be recorded in the Minutes.   The report is in words
and figures as follows:


              QUARTERLY REPORT OF THE PRESIDENT

     In presenting my report for the second quarter of this fis-
cal year I can only bring to the attention of the beard a few
matters of more than usual importance, due to the lack of time
to give consideration to them.

     First, I shall speak of the attendance at the University
this year.   On October 15 the Registrar reported 3169 students
registered.   This was the highest attendance that has been
reached by the University in its history with the exception of
that of the year 1930-31, when the attendance was 3249.    During
the depression the attendance went down to 2488 in 1933-34. Since
then the attendance has been increasing at the rate of 15% a year,
until now it has reached the figure just referred to.    The total
which I gave does not include the students that came to the summer
session or the training school.    If the students who attended the




 





2.



summer session excluding duplicates, and those in the training
school and enrolled in University Extension were included, the
figure would reach 5954 for last year.

     The University of Kentucky balanced its budget for the year
1934-35, and so far this year, it has paid its bills and salary
obligations.   It is, however, with some uneasiness that I look
forward to the next six months of the year, though appropriations
have been made for the support of the University for that period.
I have, however, confidence in the good sense of the legislature
and administrative officers to carry on in such a way that the
obligations of the State can be met and taken care of.

     For some time efforts have been made to secure funds from the
Federal Government for the erection of buildings on the University
campus.   Various difficulties arose in one way or another and
nothing was done until within the last year.   Then an application
was made for a grant and loan of funds, in the sum of $1,100,000,
with which to erect buildings.   This application was approved by
the Board of Trustees.   Through the agency of Dean James H. Gra-
ham and the State Director of the Works Progress Administration
the plans and papers were put in good form and received final ap-
proval at Washington.   It appears, however, that Kentucky funds
were reduced to one-third of the amount applied for, the Universi-
ty receiving a grant of 8165,000 and a loarn of $201,000.  Since
then an additional loan of $400,000 with interest at 4% has been
granted to the University.

     At this meeting of the Board of Trustees the minutes of the
previous meeting are to be acted upon.   These minutes include all
the necessary legal statements, authority and power required for
the issuance of the necessary bonds under the provisions of the
loan.   In addition it may be said that a loan and grant were au-
thorized for the construction of an addition to the Experiment Sta-
tion.   The furns for this construction were arranged for and the
University is to issue bonds in the neighborhood of $50,000 for
the construction of an addition that will cost about $90,000. All
of these bonds are based on interest of 4%.   The construction of
these buildings should go forward in the near future.    Some
progress has already been made upon the heating plant.

     Application is also made for funds to undertake grading, the
building of walks, minor repairs and the like on the University
campus.   The officers of the local W. P. A. were able to have
allocated $90,000 for work at the University.   Some of this work
has been done, but unfortunately, in order to carry on the enter-
prises of a larger character, there is required an expenditure of
funds for the purchase of materials.   The government is quite
generous in the matter, but we find it is necessary to spend a
considerable sum of money in order to secure the allocation of
funds.   There will be presented at this meeting three WPA
projects aggregating in the neighborhood of $60,000, which can be
carried through with an expenditure of $8,000-$9,000.   I have
hesitancy in asking that these projects be carried out in full,
for I do not know that this amount will be available.    However,




 





3.



the Superintendent of Buildings and Grounds, M. J. Crutcher, de-
clares that the government wants the work to go on, and that the
University may stop at any point it firnds it impossible to provide
the necessary funds.

     At the legislative session vrhich opens in January the Univer-
sity will present its requests for support and maintenance for the
biennium.   Under the law it is required to do this in advance of
the meeting and so the University's requests were formulated and
forwarded to the secretary of the Board of Finance and Budgetary
Control for its consideration.   This was done on November 7, 1935.

     The University of Kentucky is asking for general support and
maintenance $817,606.00.   It is also asking for $30,000 annually
for repairs, $10,000 for the summer session, $30,000 for agricul-
tural instruction, $56,000 for the payment of amortization charges
upon the loan made by the Federal Government, and $12,000 for ad-
ditional equipment; a total of $955,606 for the general teaching
activities of the University.   Two years ago the legislature ap-
propriated $679,000 for ...general maintenance and support, 89,000
for repairs, $9,000 for the Summer School, .$25,500 for agricultu-
ral instruction, 97L,900 for the payment of back salaries, a total
of $794,400.   In consequence, the University is asking for an in-
crease of $158,500 over what it received two years ago.    The Jus-
tification for such an additional request is to be found in the
fact that the attendance of the University has increased, that
repairs have been allowed to go, and that there will be an addi-
tional amortization charge which arises out of the erection of new
buildings.

     In this connection it may be said that during the history of
the University the legislature has appropriated 81,200,000 for
buildings, or about one-half the amount appropriated to one of the
new normal schools.   This does not mean that the University does
not have a larger investment in buildings and equipment, but it
does mean that the University has fostered its means and has never
asked the legislature to appropriate money for stadia, gymnasiums
and swimming pools.   It may also be said that the policy of the
State represented in the action of the legislature in the past
twenty years has been on the basis of an amount equal to that ap-
propriated to the State teachers' colleges.    In 1918 the legis-
lative appropriation of the University was 1 and 6/8 cents of
the general property tax; that of Western was 5/8 of a cent and
Eastern 5/8 of a cent. In 1924 the legislature of that ear gave
the University one-fourth of the inheritance tax, and one-fourth
to the two then existing teachers' colleges.    In 1928 the entire
inheritance tax was given over to the institutions of higher edu-
cation, and the University then received 50% of the inheritance
tax, and 6.7% of the ad valorem tax; Western received 25% of the
inheritance tax and 2 and 19/30 of the ad valorem tax; Eastern
12j% of the inheritance tax and 2 and 1/3 per cent of the ad valor-
em tax; Morehead 61% of the inheritance tax, and 2% of the ad
valorem tax; and Murray the same.    Since then there has been some
departure from this ratio with increasing amounts given to the




 





4.



state teachers' colleges, and a smaller percentage to the Univer-
sity,   It would appear, therefore, that the situation is rather
difficult and that we are now reaching a point where the teachers'
colleges are developing into institutions of much larger purposes
than was originally intended, and it must be decided if the Uni-
versity is to be developed as was the intention, and the teachers'
colleges continued for the purposes set up in the law.

     The legislative requests made by the Experiment Station in-
clude the amount long appropriated for the maintenance of the
Station, namely $50,000, and 825,000 for the Public Service lab-
atories.    The two substations at Princeton and Quicksand are
asking for 820,000 each, an increase of $5,000 over last session,
but a decrease of $5,000 over previous sessions.   For nursery
inspection 82,500 is asked; this sum was authorized by the last
session.

     The third division of University work is operated Jointly
by the State and the Federal Government.   The amount which the
State receives from the Federal Government is based upon our rural
population in proportion to that of the whole United States.   In
order to offset the funds of the Smith-Lever and Capper-Ketcham
acts it will be necessary for the State to appropriate $155,109.74.
The sum appropriated by the last legislature was R120,000.

     The Morrill Act provided endowment for educational instruc-
tion in institutions known as Land Grant Colleges.   Kentucky re-
ceived 330,000 scrip acres for its land grant. college.  This land
scrip was sold by the State for $165,000.   This money taken by
the State became a perpetual debt to the State College, and later
to the University.   The interest on this amount was paid regular-
ly for seventy years, until June, 1935, when payment was refused
on the ground that the State had no bonds to show for the debt.
Lator the Attorney General's office, in an Qpinion, declared the
obligation of the State to pay the sum but indicated the Auditor
could not pay due to absence of an appropriation.   However, the
obligation is one due to the University and the interest should
be paid.   The reasons for refusal to pay are not valid.    The
question before the Board is, what action should be taken? There
is further danger that failure to pay the interest as provided in
the contract with the United States Government will result in de-
mand for the return of the full amount of the original grant.

      In closing this report, I have pleasure in calling attention
to three gratifying incidents.   The first was the receipt by
Dr. JS. McHargue of the highest award in the American Society of
Agronomy for research work he has done in connection with the im-
portance of the rarer elements in animal and plant life, an out-
s tandin- achievement in the field of chemistry,

      The second incident was the success of the University sheep
and cattle entered in the International Live Stock Show,    The
awards Include:




 




5.



Steers



Prize



Aberdeen Angus, weighing between 750 and 875 lbs.   3d, 6th
Aberdeen Angus, weighing between 875 and 1000 lbs,    14th
Aberdeen Angus, group of three                      13th


     Sheen



Crossbred wether lambs

Crossbred yearling wethers
Southdown wether lambs
Southdown wether lambs, pen
Sou-ihdown yearling

Cheviot yearling wethers
Cheviot lamb wethers
Cheviot wether lambs, pen
Cheviot, ewe lamb

Cheviot, including wether lambs
and yearling wether classes
Carcass wether lamb contest
Carcass of Southdown wether lamb


     The Agricultural College team took
Judging contest with every agricultural
States entered in the contest.



1st, Champion, Reserve
Orand Champion
3d, 4th
5th
5th
1st, Reserve Grand Cham-
pion
2d, 3d, 4th
1st, 3d
1st, 2d
1st, Reserve Grand Cham-
pion

Reserve Champion
5th
1st.


third place in the stock
college in the United



     It is a matter of gratification that a senior in the College
of Arts and Sciences received one of the Rhodes scholarships
granted in this region of six states.    The recipient is Elvis
Stahr, of Hickman, Kentucky.


     3. Financial Reports.

     Financial reports for October and November .were presented
to the Board by President McVey.    The reportsbeing cumulative,
the November report was ordered inserted in the Minutes:


            Statement of Income and Expenditures
                 Month of November 1935



                         Previously
                         Reported

General Fund Income
  Federal Appropriation   7,125.00
  Vocational Ed. Board    6,281,30
  Int. on Peabody Endows  1,000.00
  State Appro. - Back
     Salaries            71,100,00



Current
Month



Fiscal
Year
To Date



7,125.00    14,250.00
2,291.07     8,572.37
             1,000.00
             71,100.00




 






6.



State Aporo. - Sum. Sch.   9,000.00
Special Agr. Appro.        8,256.30
State Appro. - Repairs to
Bldgs,                     990.10
State Appropriation - Gen. 2LO,795.11
Student Fees             106,354.81
Student Fees - Sum. Sch,  59,019.02
Student Fees - U.H.S.      4,933.50
Student Fees - El.Tr.Sch.  3,920.00
Student Fees - Univ. Exten. 6,039.97
Miscellaneous Receipts     7,417.70
Rentals                      831.30
Merits Dormitories         8,022.45
           Total        511,086.56



3,574.76

  238.37
66,806.42
5,411.79
   45.50
   390.00
   240.00
 2,195.61
 841.91
   290.00
   530.70
89,981.13



9,000.00
11,831.06

1,228.47
277,601.53
111,766.60
59,064.52
  5,323.50
  4,160,00
  8,235.58
  8,259.61
  1,121.30
  8,553.15
601 067.69 _



Expenditures
Instruction              234,293.01
Adm., Expense and Saint.    83,376.85
Additions and Betterments    5 876.70
              Total        323,546,56

  Excess of Income over Ex-
    penditures            187,540.00

Patterson Hall Income
Board                     13,518.65
  Misc. Receipts               175.81
  Room Rent - Sudimer Sch.     2,089.00
              Total        15,783.46

Expenditures
  Expense                    8,087.79
  Additions and Betterments _   1 29.
               Total         8,217.29



Excess of Income over Ex-
  penditures



7,566.17



71,812.68
20,444.94
2.059.28



306,105.69
103,821.79
7,935.98



94,316,90    4,64


(4,335.77)    183,204.23


12,467.41     25,986.06
    30.80        206.61
    498.21___  2D089.00
    12,9821-   28,281.67



  5,443.10    13,530.89
            -    ~129.50_
__ _,43.0      13,660.39



7?,055.11



14 621 28



General Fund Income



526,870.02



102,479.34



629,349.36



General Fund Expend.       331,763.85
Excess of General Fund
   Income over Expend.    195,106.17
 Accounts Payable - liqui, (71,191.63)
 Excess of Expenditures over
   Receipts for General Ledger
   Accounts                1A
 Excess of Redeipts over
    Expend, for the fisdal
    year to date - General
    Fund                    45,046.68



431,523.85



2,719.34   1;97,825.51
            (71,191.63)


1158-Zi..   (77,309.10)-.



4  - 49,324.78



4,278.10




 




7.



Excess of Receipts over Ex-
penditures for the fiscal
year to date - General Fund
Cash in Bank July 1, 1935 -
General Fund
Cash in Bark November 30, 1935 -
G-eneral Fund



49,324,78

50837.75



55,162.53__



Experiment Station Income
  Hatch - Federal Appro.
  Milk and Butter - Cash Rec.
  Beef Cattle Sales
  Dairy Cattle Sales
  Sheep Sales
  Swine Sales
  Poultry Sales
  Farm Produce Sales
  Horticultural Sales
  Seed Test
  Seed Inspection
  Rentals
  Miscellaneous
  Fertilizer - Fees
  Public Service - St. Ap.
  Public Service - Misc.
  Feeding Stuffs - Fees
  Adams - Federal Appro.
  Serum   Sales
  Serum - Virus Sales
  Serum - Live Stock Sales
  Serum - Supply Sales
  Serum - Misc. Receipts
  State Appro.
  Creamery - License Fees
  Creamery - Testerst Lic.
  Creamery - Glassware Tested
  Robinson - State Appro.
  Robinson - Misc. Receipts
  Wlest Ky. - State Appro.
  West Ky. - Misc. Receipts
  Purnell - Federal Aporo,
  Bankhead-Jones - Fed. Ap.
  Nursery Inspection - St.Ap.
  Nursery Inspection - Fees
                Total



7,500.00
2,948.77
    95.67
    275.00
    222.58
    835.43
    971.99
    696.87
    262.55
    267.75
 6,021.20
 2,578.67
   291.07
11,036.46
7,553.73
    10.00
16,218.96
7,500.00
   802.87
   71.00
   117.45
   60.10
     2.25
21,291.41
8,199.00
2,630.95
   381.38
 3,785.26
    941.37
  6,112.44
  5,491.05
  30,000.00
  9,669.91
  1,114.24
    835.00
156,792.39



  990.30
1,254.67
  118.86

  20.00
  141.78
    2.00
  107.35
  61.35
  305.22
  169.67
  31.28
  20.00
1,962.54

3,888.35

  161.60
  12.50

  21.75

3,708.59
   36.00
   90.00
   7.25
 1,378.91
 250.36
 494,68
 360.38



 190.00
 15,785.37



7,500.00
3,939.07
1,350.34
  393.86
  222.58
  855.43
  1,113.77
  698.87
  369.90
  329*10
  6,.326.42
  2,748.34
  322.35
11,056.46
9,516.27
    10.00
20,107.31
7,500.00
   964.47
   83.50
   117.45
   81.85
     2.25
25,000.00
8,235.00
2,720.95
   388,61
 5,164.17
 1,191,73
 6,607.12
 5,851.43
 30,000.00
 9,669.91
 1,114.24

172j,577.75



Expenditures
  Expense
  Additions & Betterments
                Total
  Excess of Income over Ex-
    penditures
  Petty Cash Fund
  Accounts Payable - liqui.
  Excess of Receipts over Ex-
    pendlitures for General
    Ledger accounts



100,001.15
1,689. 96
L_ _691. 1

55,101. 27
   200.00
 (3,150.32)



27,887.91
    93.91
2,981.82

(12,196.45)
   (200.00)



127,889.06
  1,783.87
  T3~L~2 93

  42,904.82

  (3,150.32)



(654.78)  12,729_57



13,384.35




 






8.



Excess of Receipts over Ex-
  penditures
Excess of Receipts over Ex-
  pend. for the fiscal year
  to date - Experiment Sta-
  tion
Cash in Bank July 1, 1935 -
  ~xperiment Station
Cagh in Bank November 30, 1
  Experiment Station



65,535.30



(13.051.23)



52,484.07



52,484.07

(23.296.47)



935 -



29,187. 60



Extension Division Income
  Federal Bankhead-Jones
  Federal Smith-Lever
  Federal Add. Co-op.
  Federal Supplementary
  Federal Capper-Ketcham
  State Smith-Lever
  County and Other
              Total

Expenditures
  Expense



144,925.05
74,154.38
15,500.00
26,545.52
18,400.49
63,000.00
  a.567.-59



       144,925.05
       74,154.38
       15,500.00
       26,545.52
       18,400.49
       63,000.00
167.99   8.735.58



351,093.03        167.99 3


149,490,60    52,103.81 201,594.41



Excess of Income over Ex-
penditures



201,602.43



Excess of Income over Ex-
penditures for the fiscal
year to date - Extension
Division
Cash in Bank July 1, 1935
  Extension Division
Cash in Bank November 30,
  Extension Division



Trust Fund Income
  Student Loan Fund
  Student Notes Paid
          Total Receipts



   1,416.10
   1,203.10
2,0619._



(51 9355.82)1492666.61




           149,666. 61

               303.82.

           149,970.43


  1,369.71   2,785.81
    355.52   1,558.62
ff1i725.23  4,344.43



Expenditures
  Expense
  Student Notes
          Total Expenditures_

  Excess of Receipts over Ex-
  penditures



15.00



15.00



50.00
50.00



15.00
50.00
65.00



2.642 __752 4,794



2.604=.20



1.675.23   4.279.43




 










Excess of Receipts over
Expend. for the fiscal
year to date - Trust
Fund
Cash in Bank July 1, 1935 -
Trust Fund
Cash in Bank November 30,
1935 - Trust Fund



Summary
General Fund Income
  :'experiment Station Inc.
  Extension Div. Income
  Trust Fund Income
            Total



General Fund Expend.
Experiment Sta. Expend.
Extension Div. Expend.
Trust Fund Expend.
         Total

Excess of Income over Ex-
penditures



  526,870.02
  156,792.38
  351,093.03
    1,416.10
1.036,171.53



331,763.85
101,691,11
149,490.60
     15.00
562,960.56



453,210.97



102,479.34
15,785.37
    167,99
  1,369.71
119,802.41



99,760.00
27,981.82
52,103.81



179,845.63



(60,043.22)



Accounts Payable - liqui. (74,341.95)



629,349.36
172,577.75
351,261.02
   2,785.81
1.155.973.94



431,523.85
129,672.93
201,594.41
     15.00
762,80619s


393,167,75

(74,541 .95)



Excess of Expenditures over
Receipts for General Ledger
account                  (65,483.51)



Student Loan Fund Notes

Petty Cash Account



1,203.10



903.98

305.52



200.00



(64,579.53)

1,508.62

   200.00



Excess of Receipts over
Expend. for the fiscal
year to date - Combined
Fund



(58, 833.72)



255,954.89



Excess of Receipts over Ex-
penditures for the fiscal
year to date - Combined
Fund
Cash in Bank and on hand July
1, 1935 - Combined Fund
Cash in Bank and on hand November
30, 1935 - Combimed Fund



255,954.89

(14,026.06)



241,928.83



9.



4,279.43

1,128,84



5,408.27



.



__ 31j, 788. 6 1




 








10.



              Abstract of item shown on Statement
              of Income and Expenditures as "Excess
              of Expenditures over Receipts for Gen-
              eral Ledger accounts p64,579.53"



                               Debit                   Credit


    Accounts Receivable      48,692.61

    Insurance Paid in Ad-
      vance                      45.60

    Sundry Accounts          15,841.32

                              64,579.53



     4. Reqcuisition Committee  e

     The Requisition Committee filed written report of its action
each week from October 31, 1935, to December 12, 1935, inclusive.
The report showed that orders had been made by the Business Office
on the authority of the Requisition Committee in the manner pre-
scribed by the Board of Trustees and state laws, running from No.
2645 to No, 3640.   The Report was examined, and on motion of r.W.
Park,, seconded by Doctor Wilson, the orders named therein were
ratified and approved and payments on said orders were authorized
and approved.


     5, Legislative Matters and Requests,

     At the meeting of the Executive Committee, October 31, 1935,
President McVey presented the biennial report to the State Bud-et
Commiission, together with a statement of requirements of the Uni-
versity of Kentucky for the biennium beginning July 1, 1936. The
statement appears in full on page 7, Minutes of the meeting re-
ferred to above.   Reference is here made to the President's re-
port at this meeting.




 







11.



     6. Interest on Bonds.

     President YcVey referred to the efforts heretofore made to
collect interest on land grant bonds due by the State of Kentucky.
For the last steps taken see Minutes of meeting of October 31,
1935, Item 7.   He was directed to present the case to Attorney
General B. M. Vincent, who will take office in January, and to
follow this up by presentations of the case to other proper state
officials.


     7. Bankhead-Jones Fund -- Distribution.

     The Business Agent reported that he had sent the check for
820,000.00, referred to in Item 9, Minutes of October 31, 1935,
to J. Dan Talbott, Auditor of Public Accounts, and that the Uni-
versity had received credit for 8l7,100.00.   The following let-
ters were reported:


     a, Letter frum the State Auditor.


                                 November 27, 1935

     M1r. D. H. Peak
     University of Kentucky
     Lexington, Kentucky

     Dear Sir:

               We received your letter of November 26 en-
     closing check of the Federal Government for 82OOO0,00.

               It is the opinion of this office and also
     R. B. Atwood, President Kentucky State Industrial Col-
     lege that this check should be prorated as the Morrill-
     Nelson fund, $17,100.00 going to the University of Ken-
     tucky and 82,900.00 to the Kentucky State Industrial
     College.

               We are retaining the check in this office
     and you should forward pay-in-voucher for the amount
     specified to be paid into the University of Kentucky
     Federal Account,

                              (Signed) J. Dan Talbott
                                       Auditor



Ben M.




 







12.



    b. Letter from the Department of Education.


                                       December 13, 1935


     Mr. D. H. Peak
     Business Agent, University of Kentucky
     Lexington, Kentucky

     My dear Mr. Peak:

             Replying to your letter of November 5:

             On November 23, I mailed you information con-
     cerning the Bankhead-Jones act with a notation that
     "In Kentucky the Morrill-Nelson fund is divided on a
     basis of the tratiol which the school census of colored
     children taken in the State bears to the school census
     of both races."   Since 1893, the ratio has been 14.5
     per cent negro to 85.5 per cent white.    This is the ba-
     sis for division of the Bankhead-Jones funds also unless
     the ratio has beer. changed this year.

              Trusting that this answers your question, I
     am

                                    Sincerely yours,

                                    (Signed) Walter J. Greenleaf
                                              Specialist in High-
                                              er Education.

     8. Audit - Bill Apmroved.

     president McVey presented the bill of Peat, Marwick, Mitchell
and Company, dated November 20, 1935, for 2600.00 for making au-
dit of 1934-35 of Business Office Accounts.    On motion of Mr.
Park, seconded by Mr. Rash, the bill was approved and the Busi-
ness Agent was directed to certify it to the Auditor of Public
Accountts for payment.

     The question of increasing the charge to '750,00 for future
audits raised in the letter fromn the firm mentioned was passed.
The letter was ordered filed away for presentation to the Board
or the Executive Committee when the question of audit of the
present year's accounts is brought before it.




 







13.



    9. Changes in Service Building - Allowance.

    President McVey stated that the Superintendent of Buildings
and Grounds had reported to him the necessity of removal of store-
room and shop of the electrician to another part of the Service
Building, necessity arising on account of making way for heating
plant. An approprziation of $800.00 was made for this purpose,
and a W.P.A. project for the additional expense was authorized and
approved.


    10. Charge for Paper,

    The Business Agent reported that the State Board of Finance
had made an order effective December 1, 1935, to charge for paper
used in printing for remainder of this fiscal year.    The Business
Agent estimates that such charges to College and Experiment Sta-
tion will amount to over 83,000.00.   Following is copy of notice
received;


                                   December 11, 1935

     University of Kentucky
     Lexington, Kentucky

     Gentlemen:

          At a meeting of the Board of Finance and Budgetary
     Control, held recently, the following motion was adopted:

           'That 88000.00 be borrowed from the General Fund
     to take care of paper purchases, the cost of said paper
     purchases to be charged to each department; this order
     of the Board to be made effective as of December 1, 1935.'

          The above trans-action was made necessary due to the
     fact that the Paper Budget is exhausted, and all printing
     and paper will have to be paid for by the department
     requisitioning same.

                                  Very sincerely yours,


                               (Signed) Sam. S. English
                                         Executive Secretary




 






14.



11. Louis Wiley Furd -- Receipt and Investment.


a. Letter from Judge Stoll.


                                 November 7, 1935


11Ir. D. H. Peak
University of Kentucky
Lexington, Kentucky

                RE: ESTATE OF LOUIS WILEY, DECEASED

Dear Senator:

     Jenks and Rogers,counsel for the executors of the
estate of Louis Wiley sent us the enclosed receipt-
release and say that as soon as this instrument is re-
turned, properly executed, a check in the amount of
,he legacy will be forvrarded.

     I am enclosing that release, which requires the
corporate seal of the University to be affixed. I
would appreciate it very much if you would affix the
seal of the University to this release and I will for-
ward it to New York.

                          Yours truly,

                                 (Signed) Richard C. Stoll



b. Form of ReceiDt-Release,


TO IWMOMSOEVER THESE PRESENTS MAY COILM OR CONCERN, GREETING:

     KNOW YE that UNIVERSITY OF KENTUCKY of Lexington,
Kentucky, has this day received from CARRIE WILEY and
BELLE WILEY of New York City, as Executors under the
last Will and Testament of Louis Wiley, deceased, dated
the 2nd day of March, 1935, the sum of One Thousand Dol-
lars (81000) bequeathed unto it by paragraph "Fourth" of
said last Will and Testament, by check signed by said
Executors and payable to the order of University of Ken-
tucky, and that in consideration thereof said University
of Kentucky has remised, released and forever discharged
and does by these presents for itself, its successors




 








15.



and assigns remise, release and forever discharge said
Carrie Wiley and Belle Wiley as Executors uriddr the
last Will and Testament of said Louis Wiley, deceased,
dated as aforesaid, their representatives, assigns and
successors in interest,of and from all and any cause of
action, claim or demand whatsoever in law or in equity,
which against said Carrie Wiley and Belle Wiley as Ex-
ecutors under the last Will and Testament of said Louis
Wiley, deceased, dated as aforesaid, it ever has, now
has, or which its successors and assigns, or any of
them, hereafter can, shall or may have upon or by reason
of any matter, cause or thing whatsoever from the begin-
ning of the world to the day of the date of these pres-
ents.

     IN WITNESS WHEREOF said UNIVERSITY OF KENTUCKY has
caused its corporate seal to be hereunto affixed and these
presents to be signed by its duly authorized officer this
     day of        in the year One Thousand Nine Hundred
and Thirty-five.


                          UNIVERSITY OF KENTUCKY

                          BY

(Corporate Seal)



STATE OF KENTUCKY) ss.
COUNTY OF         )

     On this          day of           , 1935,      before
me came                              to me known, who being
by me duly sworn, did depose and say that he resides in
           ; that he is the
of UNIVERSITY OF KENTUCKY, the corporation. described in
and which executed the foregoing instrument; that he knows
the seal of said corporation; that the seal affixed to
said instrument is such corporate seal; that it was so af-
fixed by order of the board of directors of said corpora-
tion and that he signed his name thereto by like order,




 







16.



    c. Receipt of Fund.

                               November 18, 1935


    Mr. D. H. Peak, Business Anient
    University of Kentucky
    Lexington, Kentucky


    Dear Sir:
                      RE: LOUIS WILEY ESTATE.

         Enclosed herewith you will find check for 81,000.00,
    payable to the University of Kentucky under the will of
    Louis Wiley, deceased.   The form of this bequest is,

               "University of Kentucky, Lexington, Ken-
         tucky, for