xt7gqn5z6j5s https://exploreuk.uky.edu/dips/xt7gqn5z6j5s/data/mets.xml Lexington, Kentucky University of Kentucky 1957032 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, 1957-03-apr2. text Minutes of the University of Kentucky Board of Trustees, 1957-03-apr2. 1957 2011 true xt7gqn5z6j5s section xt7gqn5z6j5s 










       Minutes of the Board of Trustees of the University of Kentucky, April 2,
1957.


       The Board of Trustees of the University of Kentucky met in the President' s
Office at 10:00 a.m. ,CST, Tuesday, April 2, 1957, with the following members
present: Governor A. B. Chandler, Chairman; R. P. Hobson, Dr. Ralph J.
Angelucci, Carl Dernpewolfe, Ben Butler, Robert C. Stilz, Robert R. Martin,
Dr. Daniel C. Elkin, Louis Cox, Dr. Harry Denham, Harper Gatton and J.
Stephen Watkins. Absent: Mrs. Paul G. Blazer, Wood Hannah, Sr. and W. F.
Foster. President Frank G. Dickey and Secretary Frank D. Peterson met
with the Board.


       A, Approval of Minutes,

       The minutes of the Board of Trustees of December 11, 1956; and the minutes
of the Executive Committee of January 22 and March 11, 1957, were approved as
published.



      B. Treasurer' s Report.

      Vice President Peterson made the Treasurer' s Report for the period July
1, 1956, through February 28, 1957.  This consisted of balance sheet and sup-
porting statements. The report follows:




 









          UNIVERSITY             OF KENTUCKY


                        LEXINGTON




                                   April 2, 1957







Dr. Frank G. Dickey, President
University of Kentucky
Lexington, Kentucky

Dear Doctor Dickey:

        I submit herewith the balance sheet and its relating fi-
nancial statements of operations of the University of Kentucky
for the eight-months period ended February 28, 1957.

        The income realized for general fund purposes totaled
$9,577,677. 87 for the period, which is 84. 03% of the budget
estimate of $11, 397, 539. 64. The expenditures and encumbrances
outstanding for the same period amounted to $7, 115, 364. 35, or
63.40% of the departmental appropriations.

        On November 21, 1956, a temporary investment of
$500, 000 was made in U. S. Treasury Notes from available
restricted fund monies.  These notes matured on March 15,
19 57, realizing an additional income of $4,447. 5 1. Then or
March 14, 1957, the University again invested temporarily
$500, 000 of inactive restricted fund monies in U. S. Treasury
Notes at the interest rate of 3-1/4%, maturing June 24, 1957,
and yielding approximately $4, 000.


                                  Respectfully submitted,



                                  Frank D. Peterson
                                  Vice President
                                  Business Administration




 





University of Kentucky
  BALANCE SHEET
  February 28, 1957

      ASSETS



Current Funds
General:
    Ca'sh in Bank
    Petty Cash Fund
    State Allotments:
       Current Year
    Revolving Funds
    Inventories
    Deferred Charges
    Unrealized Income


        Total General

 Restricted:
    C~ash in Bank
    Petty Cash Advances
    Due from Other Funds
    Inve stments

        Total Restricted
        Total Current Funds


Plant Funds
Unexpended:
    Cash in Bank
    State Allotments
    Revolving Funds
    Unrealized Income



Division
  of



Agricultural
Experiment



Agricultural
Extension



    Colleges       Station         Division        Total

$    26,413.91 $  180,718.95 $   752,741.56 $  959,874.42
     40,000.00      10,000.00                      50,000.00

     526,620.54    250,635.43     318,367.84  1,095,623.81
     836,362.58    598,223.10                    1,434,585.68
     294,988.31                                    294,988.31
     52,666.20                                     52,666.20
   1,440,854.86    379,006.91                    1,819,861.77


$ 3,217,906.40 $ 1,418,584.39 $  1,071,109.40 $ 5,707,600.19


$   729,913.56 $  154,001.07 $    143,241.68 $  1,027,156.31
      5,225.95      2,600,00         3 695.00      11,520.95
      67,940.49                                     67,940.49
   1,613,095.46     15,027.00                    1,628,122.46

$ 2,416,175.46 $  171,628,07 $    146,936.68 $ 2,734,740.21
$7 5,634,081.86 $  1,590,212.46 $  1,Z18,046.08 $ 8,442,340.40




$   906,225.48 $               $              $    906,225.48
    287,262.83                                    287,262.83
    419,273.59      88,146.82                     507,420.41
    158,27 1.30                                   158,27 1.30



Total Unexpended  $



1,771,033.20 $



88,146.82 $



$ 1,859,180.02



Investment in Plant:
    Construction Authorized
    Fixed Assets


        Total Invested
        Total Plant Funds


Other Funds
    Cash in Bank
    Notes Receivable
    Investments



$



2,800,000.00 $



$



$ 2,800,000.00



  34145,521.12   4,149,270.31                   38,294,791.43


  36,945 521.12 $ 4,149,270.31 $              $ 41,094,791.43
$ -38,7 1,554.32 $ 4,237,417.13 $             $ 42,953,971,45


      L oan      Endowment          Agency
$     12,918.75 $    2,5787W73 $   - 72T723 00$     62,582.98
     47,058.72                                     47,058.72
     75,500.00    204,587.04        16,369.57     296,456.61



Total Other Funds $
Grand Total       =



109,639.97 $



207,165.77



$     89, 292.57



$   406,09 8.31
.$ 51,80,4T10.16



* Overdraft




 






University of Kentucky
BALANCE SHEET
  February 28, 19 57

    LIABILITIES



Current Funds
Grene ral:
    Petty Cash Liability
    Res. for Encumbrances:
       Current Year
       Prior Year
    Reserve for Inventories
    Reserve for Fire Losses
    Other Liabilities
    Unappropriated Surplus
    Appropriation Balance

          Total General

 Restricted:
    Outstanding Checks
    Fund Balance



         Total Restricted
         Total CurrentFundc


Plant Funds
Unexpended:
    Res, for Encumbrances:
       Current Year
       Prior Year
    Due to Other Funds
    Appropriation Balance

         Total Unexpended

 Investment in Plant:
    Bonds Payagle
    Other Liabilities
    Net Invested in Plant

         Total Invested
         Total Plant Funds


Other Funds
    Pr'Tncipal Balances
    Expendable Balances


         Total Other Funds
         Grand Total



D ivision
  of



Agricultural
Experiment



Agricultural
Extension



     C olleges     Station        D ivis ion      Total

$    40)000.00 $    10,000.00 $             $     50,000,00

     452,756.46     :84,600.42     26,480,91     663,837.79
     24,931.96      7,502.56                     32,434.52
     294,988.31                                  294,988.31
     85,712.717                                  85,7 12.17
     52,666.20                                   52,666,20
     94,326.63    326,265.64                    420,592.27
   2,172,524.67    890,215e77   1,044,628.49  4,107,368.93

$  3,217,906.40 $  i,4 .18,584.39 $  1,071,109.40 $  5,707,600.19


$     6,421,55 $             $              $      6,421,55
   2,409,753.91   I171,628.07    146,936,68   2,728,3 18,66



$  2,416,175.46 $  171,628.07 $   146,936.68 $  2,734,740,21
s$  5,634,081.86 $  i,590,212,4b $  1,218,546.08 $  8-,442,346.40





$    97,350,00 $    58,056,48 $             $    155,406,48
      11,262.60     28,379.33                     39,641.93
      6 7,940,49                                  67,940.49
   1,594,480..1      1,711.01                  1,5964191,12

$  1,771,033,20 $   88,146,82 $             $   1,859,180l02


$  7,463,000,00 $            $              $   7,463,000.00
                    200,000.00                    200,000,00
  29,482,521.12  3,949,270.31                 33,431,791.43

$ 36,94 5,521r12 $ 4,149,270.31 $           $ 41,094,791.43
$ 38,7i1b6,554.32 $ 4,237,3 7,713 $         $ 4T7Tp 9Tr


      Loan       Endowment         Agency
$    TT399.81 $    202,724.05 $              $   276,123.86
      36,240.16      4,44 1.,72     89,292.57     129,974.45


$    109,639.97 $  207,165.77 $    89,292.57 $  406,098.31
       __. , - . - -- - --- -5-2- -       T      o       .l6




 









        University of Kentucky
STATEMENT OF UNREALIZED INCOME
For the Current Fiscal Period which began
July 1, 1956 and ended February 28, 1957


             General Fund



Division of Colleges
   EducahobnaI- inand General:
     State Appropriations
     Federal Grants (through the State)
     Student Fees
     Endowment Income
     Sales, Services and Rentals
     Returned Checks

        Subtotal

   Auxiliary Enterprises

        Total Division of Colleges


Agricultural Experiment Station
  Educational and General:
     ta'teAppropriations
     Federal Grants (direct)
     Sales and Services

        Total Agr. Experiment Station


Agricultural Extension Division
  EducationalfaTndGeneral:
     State Appropriations
     Federal Grants (direct)

        Total Agr. Extension Division

        Total General Fund



Budget
Estimate



Realized
to Date



Unrealized
Balance



$ 4,963,300.00 $ 4,174,300.00 $  789,000.00
    135,860.10     105,163.14      30,696.96
    984,500.00    598,488.17    386,01.1.83
      9,644.50       9,200.00         444.50
    20,000.00      11,946.62       8,053.38
                      613.45*        613.45

$ 6,113,304.60 $ A,898,484.48 $ 1,214,820.12
                   80. 13%
   497,272.00    271,237.26   226,034.74
                    54.557o
$ 6,610,576.60 $ 5,1-69,7Z1.74 $ 1,440,854.86
                    78. 20%



$  808,000.00 $  708,000.00 $  100,000.00
   802,141.00    632,604.00    169,537.00
   560,000.00    450,530.09    109,469.91

$ 2,170,141.00 $ 1,791,134.09 $  379,006.91
                    82. 54 /0



$  828,000.00 $  828,000.00 $
  1,788,822.04  1,788,822.04

$ 2,616,822.04 $ 2,616,822.04 $
                   2I0 0 AT
$11,397,539.64 $ 9,75777677. 87 $ 1,819,861.77
                    84.07/o



Plant Fund



Division of Colleges
     W e-bService Income



$  292,006.00



$   133,734.70
    _5..u.



* Negative figure



$



158,27 1.30



... ...
       -
 . .




 






               University of Kentucky
STATEMENT OF DEPARTMENTAL APPROPRIATIONS
     For the Current Fiscal Period which began
       July 1, 1956 and ended February 28, 1957



Division of Colleges


Administration and General:
    General Adrn. Offices
    Student Services
    Staff Welfare
    General Institutional Sv.

      Subtotal



Departmental



Appropriation



Appropriation  Expenditures  Encumbrances    Balance



$   165,784.23 $  121,478.12 $    1,528.25 $   42,777.86
    245,433.97     159,737.87       2,892.52      82,803.58
    71,000.00      46,790.41                     24,209.59
    120,860.71      o 5,781e82     21,048.78      34,030.11

$   603,078.91 $  393,788.22 $   25,469.55 $   183,821.14
                             69. 5Z /o



Instructional and Research:
    College of -- -
       Agriculture & Home Ec
       Arts and Sciences
       Commerce
       Education
       Enginee ring
       Law
       Medicine
       Pharmacy
    Graduate School
    Organized Act. Rel Educ.
    Re search
    Libraries
    Adult & Extension Educ.

       Subtotal


 Other Expenses:
    Vpe r. and Maint. Plant
    Auxiliary Enterprises
    Working Capital
    Clearing Accounts

       Subtotal

       Total Div. of Colleges

Agr. Experiment Station

Agr. Extension Division

       Combined Totals



344 ,543,74
1,864,027,61
251,731.28
443,539.31
472,816.68
  98,254.06
  103,300.00
  103,300.00
  15,793.00
  35,224,00
  20,000,00
  323,785.23
  Z59,430.42



$  208,247.17
  1 ,196,9 54.86
    164,587.11
    256,661,42
    278,47 5.26
    6 1,3 83 .80
    49,218.06
    58,681.98
    10,0267 72
    21,060.29
      4,235.46
   216,171,52
   171,382.77



$



4,239.54
17,132.76
  705,77
7,200,50
5,063.3 1
1,600,03
3,329.05
8,281,37
  253.25
3,247,05
2,315,82
4,120.56
7,077,30



$



132,057.03
649,939.99
86,438.40
179,677.39
189,278.11
35,270.23
50,752.89
36,336,6 5
  5,513,03
  10,916.66
  13,448.72
103,493.15
80,970.3 5



$ 4,335,745.33 $ 2,697,086.42 $  64,566.31 $ 1,574,092.60
                              63.695,


$ 1,031,542.00 $  540,023,57 $   94,649.46 $  396,868.97
    379,005.99     218,246.99      27,028.61      133,730.39
    75,000.00      54,130,53*    110,943.53       18,187.00
                     4,076.43    130,099,00    134,175,43*

$ 1,485,547.99 $  708,216.46 $  362,720.60 $  414,610.93
                              72.0909%
$ 6,424,372.23 $ 3,799,091.10 $  452,756c46 $ 2,172,524.67
                              66.18%
  2,172,472.25  1,097,656,06  7'L84,600.42    890,215.77
                             -59.i02%
  2,625,888,80  1,554,779,40     26,480.91  1,044,628.49

$1 1,222,733.28 $ 6,451,526.56 1ae3,837.79  $ 4,107,368,93
                              6 3 .4 u'ro



* Negative figure




 








            University of Kentucky
STATEMENT OF PLANT FUND APPROPRIATIONS
    For the Current Fiscal Period which began
    July 1, 1956 and ended February 28, 1957



Division of Colleges
Constr uction:
   Holmes Hall
   Holmes Hall and Pharm.
     Bldg. Steam Lines
     Phi Delta Theta Frat.
   Shawneetown Apartments
   Six Sorority Dormitories
   Medical School

      Total Construction



Departmental
Appropriation



$     Z,031.49 $



38,000.00
148,398.97



904,53 0.48



Expenditures  Encumbrances



$



675.00
1,317.94
4,050.00



46,100.00



A ppropriation
    Balance

$    2,031.49

     8, 100.00*
   147,723.97
      1,317.94*
   900,480.48



   300,000.00     49,419.23      51,250.00     199,330.77

$ 1,392,960.94 $  55,462.17 $   97,350.00 $ 1,240,148.77
                           10.977%



Retirement of Indebtedness
    1st W. P.A. Bond Issue $
    2nd W.P.A. Bond Issue
    Dorm. Rev. Bond Issue
    Audit- Field H. Issue
    Lib. & Serv.Bldg.Issue
    Stad. Add. Issue
    Dorm Rev. Issue (456 Rose)
    Jour, Bldg. Bond Issue
    Dorm Rev. Issue (476 Rose)
    Stud. Dorms, U. K.
    Stud. Dorm.-Kappa Sigma
    Stud, Dorm. Lambda Chi
    Stud. Dorm.-Phi. Sigma K.
    Stud. Dorm.-Pi Kappa A.
    Dorm Rev. Bond 1952
    Dorm Rev. Bond 1954
    Dorm Rev. Bond 1955
    Cooperstown Apts.
    Lib. & Serv. Bldg. Res.

       Total Retirement of
       Indebtedness        $


Total-Division of Colleges  $

Agr. Experiment Station
Construction


      Combined Totals      $



36, 708.97
19,2 56.65
24,449.25
61,9 10.63
45,069.42
21,084.71
4,301.65
15,355.75
4,029.43
19,662.94
9,359.51
11,43 1.28
9,359.50
11,050.03
99,051.00
58,764.50



119,638.00
34,007.54



$     1,882.92
     19,149.91
     3,242.50
     60,568,60
     5,255.00
     3,018,75
     3,393.75
     13,186.25
     2,977.50
     3,853.76
     1,926.88
     1,926.87
     1,926.87
     1,926.87



10,676.25



$   34,826.05
       106.74
    21,206.75
      1,342.03
    39,814.42
    18,065.96
       907.90
     2,169.50
     1,051.93
     15,809.18
     7,432.63
     9,504.41
     7,432.63
     9, 123,16
     99,051.00
     48,088.25



47,306.25



72,331.75
34,007,54



604,490,76 $   182,218.93 $             $   422,271.83
                         30.14 uo

1,997,451.70 $  237,681.10 $  97,350.00 $ 1,662,420.60
                         16.77%

  95,323.77     35,556.28       58,056.48       1,711.01
                         98.21%

2,092,775.47 $  273,237.38 $  155,406.48 $ 1,664,131.16

                          20.48%



* Negative Figure



$




 







           University of Kentucky
STATEMENT OF OTHER FUND TRANSACTIONS
  For the Current Fiscal Period which began
  July 1, 1956 and ended February 28, 1957



Restricted Funds:
  Division of Coileges
  Agr. Exp. Station
  Agr. Exten. Div.

        Subtotal

Loan Fund:
  Principal
  Expendable

        Subtotal

Endowment Funds:
  Principal
  Expendable

        Subtotal

Agency Funds:
  Balances

        Combined Totals



Balance



Disburse -



Balance



  July 1, 1956   Receipts        ments      Feb. 28, 1957


$ 1,429,830.77 $ 3,265,325.5Z $ 2,285,402.38 $ 2,409,753.91
    164,146.78    20Z,206.79     194,725.50    171,628.07
    136,305.48    122,015.78     111,384.58    146,936.68

$ 1,730,283.03 $ 3,589,548.09 $ 2,591,512.46 $ 2,728,318.66


$   73,399.81 $              $             $    73,399.81
    34,912.99      1,336.51          9.34      36,240.16

$  108,312.80 $     1,336.51 $        9.34 $   109,639.97


$  202,724.05 $              $             $   202,724.05
     4,214.76        276.96          50.00      4,441.72

$  206,938.81 $       276.96 $        50.00 $  207,165.77


$   92,840.93 $  557,595.65 $  561,144.01 $  89,292.57

$ 2,138,375.57 $ 4,148,757.21 $ 3,152,715.81 $ 3,134,416.97




 





9



       Each section of the Financial Report was explained in detail. Members
of the Board being advised, upon motion duly made, seconded and carried, the
report was authorized received and made of record.



       C. Investment of Temporary Funds.

       The Treasurer reported that the University had temporary funds aggregat-
ing in excess of $500, 000, which could be invested in U.S. Treasury Notes. He
recommended that this sum be invested in government securities maturing June
24, 1957, and yielding an interest rate of approximately 3. 2.

       Upon motion duly made, seconded and carried, the recommendation was
approved and the sum of $500, 000 was authorized invested in government bonds
due to mature June 24, 1957.

       The Treasurer also recommended the investment of $20, 000 of group
funds in voted Boyd County revenue bonds due in 1970-71,  These bonds bear
an interest rate of 3-3/4 and are purchased to yield approximately 3. 6.

       The Board discussed the investment, and upon motion duly made, seconded
and unanimously carried, authorized $20, 000 invested in Boyd County voted obli-
gations.



       D. Student Organization Bonds Mature.

       The Treasurer, as custodian of investments of student organizations, re-
ported that the following securities had matured and had been withdrawn from the
lock box and submitted for payment, The proceeds as received will be deposit-
ed to the credit of the various organizations.  The schedule of maturing bonds-
investments held by the Custodian is as follows:



Name of Fund



Amount      Bond Serial Number



Student Government Association

Lances Junior Menv s Honorary
Lances Junior Men, s Honorary
Lances Junior Men, s Honorary



SuKy Circle
SuKy Circle
SuKy Circle
SuKy Circle



Scovell Chapter of
Scovell Chapter of
Scovell Chapter of



Alpha Zeta
Alpha Zeta
Alpha Zeta



$ 500. 00

$  100. 00
    25. 00
    25, 00

$  15 0. 00

$  1900 00
   100, 00
   100. 00
   500. 00

$ 800 00

$   25. 00
    25. 00
    25. 00

$   75, 00



D3 1870 iF

C546743F
Q245160F
Q245161F



C 136173 1G
C 1361730G
C 1361729G
D758609G



Q383782F
Q383783F
Q383781F




 










Kentucky Chapter Society of Sigma Xi
Kentucky Chapter Society of Sigma Xi



Alpha Kappa Chapter of Epsilon Sigma
  Phi Fraternity



Lamp and Cross
Lamp and Cross



Combined Total



$  100. 00
   100. 00

$ 200.00



$ 500.00

$  100. 00
   100. 00

$ 200. 00

$2,425.00



C565267F
C565268F



D317846F



C1362537G
C 1362538G



      Upon motion duly made, seconded and carried, the action of the Treasurer
was approved.



      E. Investment of Restricted Funds Matured.

      The Treasurer reported that the following investments of Restricted Funds
have matured and securities have been submitted for collection.


COLLEGE RESTRICTED:

Army Enlisted Specialists Branch - Acct. 3404



U.S. Treasury Bonds, Serial Nos.



X412G70G
X41207 1G
X412072G
X412073G



Group Investments - Acct. 3410

U. S. Treasury Notes, Serial Nos. 28139
                                 14464
                                 28200
                                 28025
                                 28026



X412074G
X4120(?5G
X412076G
V3012 1OG



$ 10, 000. 00
  10,000.00
  10, 000. 00
  10,000.00



$100,000.00
100, 000. 00
100, 000.00
100, 000.00
100, 000. 00



$ 10,000.00
  10,000.30
  10, 000. 00
  5 000. 00



$ 40,000.00



$500, 000. 00



$ 35,000.00



Total Restricted Funds                                $575,000.00



10



Group Investments - Acct. 3410

U.S. Treasury Bonds, Serial Nos.




 










STUDENT LOAN FUND:

Student Loan Fund Investments - Acct. 6503

U. S. Treasury Bonds, Serial Nos. X509139G
                                X509 140G



      Total Student Loan Fund


ENDOWMENT FUND:

Peabody Endowment Fund Investment - Acct. 8002B

U.S. Treasury Bonds, Serial Nos. X509132G
                                X509 133G
                                X509 134G
                                X509 135G



Total Endowment Fund



$ 10, 000. 00
  10, 000.00



$ 20,000.00



$ 10, 000. 00
  10, 000. 00
  10, 000.00
  10, 000. 00



$ 40,000.00



       Members of the Board being advised, upon motion duly made, seconded
and carried, the action of the Treasurer was ratified and approved, and the
list of the securities, naming the organizations to which funds belong, was author-
ized made of record in these minutes.



      F. Agreement between University of Kentucky and Thomas Poe Cooper
Foundation for the Care of Pure Bred Cattle.

      Vice President Peterson presented Memorandum of Agreement between
the Thomas Poe Cooper Foundation and the University of Kentucky Agricultural
Experiment Station for the Experiment Station to supervise, care for, feed and
sell such herds of animals as may be owned by the Thomas Poe Cooper Founda-
tion. It is further understood that the Experiment Station may show the animals
or the herds in its own name and may use the animals and the herds in any proper
way designed to further its live stock improvement program.  The Experiment
Station is to retain 25% from the sale of any such animals so assigned by the
Thomas Poe Cooper Foundation as compensation for its services to the herds
or animals prior to the sale.

      The contract was read in its entirety. Members of the Board being
advised, upon motion duly made, seconded and carried, approved and authorized
execution of the contract on behalf of the University.



11




 





12



       G. Budget Adjustments

       President Dickey reported that the Southeastern Section of the American
Physical Society would hold its annual meeting on the University campus on
April 4, 5 and 6. He reported that some 250 or more physicists from all parts
of the country would attend, and recommended that $90. 00 be appropriated from
the Haggin Fund to entertain the group while on the campus.

       Upon motion duly made, seconded and carried, the sum of $90. 00 was
authorized appropriated, and the Comptroller was authorized to make the
necessary budget appropriation from the Haggin Fund.

       President Dickey reported that the College of Engineering had worked
out, in cooperation with IBM, a toolmakers, apprentice course. The Depart-
ment of Mathematics will help in instructing the apprentices. The President
recommended that $450. 00 be added to the Department of Mathematics ac-
count No. 600 and that the sum of $450. 00 be taken from account 980 of the
College of Engineering.

       Members being advised, upon motion duly made, seconded and carried,
the Board concurred in the recommendation and authorized the necessary budget
adjustments.



      H. Mrs. Ernst Jokl Employed.

      President Dickey stated that the College of Arts and Sciences Department
of Physical Education had recently assumed supervision of the Rehabilitation
Center, which is headed by Dr. Ernst Jokl. Mrs. Erica Jokl, the wife of Doc-
tor Jokl, is employed as a physical therapist. President Dickey recommended
that Mrs. Jokl be permitted to continue in her employment as a physical thera-
pist.

      Upon motion duly made, seconded and carried, the Board of Trustees
concurred in the recommendation of the President.



      I. Grants to Foreign Students

      Dr. A. E. Bigge, Foreign Student Adviser, recommended that awards be
made for the school year 1957-58, to foreign nationals as indicated:

      HAGGIN $600. 00 PLUS FREE TUITION FELLOWSHIP TO:

             Mr. Eric Ericsson, Sweden
             Miss Chizuko Shimizu, Japan

      FREE FEE SCHOLARSHIPS TO:

             Mr, Herbert Willy Kramer, Germany
             Mr, C. S. Philip, India
             Mr. Yoshiki Shigihara, Japan




 






13



       FREE FEE SCHOLARSHIPS (continued)

              Mr. Han Chang Yang, China
              Mr. B. K. Shivalingappa, India
              Mr. K. D. Gangrade, India
              Miss Aicha Rim, Korea
              Mr. Lien Shu Wu, China
              Mr. Yu' ing Chu, China
              Mr. Soo Bock Choi, Korea.

          In case some of the above may be unable to accept the award
       indicated, the following are recommended:

       ALTERNATES:

              Mr. Lin-chuan Lee, China
              Mr. Hans-Peter Doster, Germany.

          It is the wish and the recommendation of the Committee that it
       be accepted as logical procedure that a resignation of one of the
       major award recipients automatically qualifies the next in line to
       that position, since awards were made in order of merit.

          Since it has been the policy of the University to grant free
       fees to the girl student who is chosen by Panhellenic for their
       resident award, we recommend that Miss Aydogdu Ayhan, Turkey,
       be granted a Free Fee Scholarship for the academic year 1957-58.



       Doctor Bigge also requested free fee scholarship for Yosoon Cho for
the summer session 1957.

       Members of the Board heard the recommendations and, upon motion duly
made, seconded and carried, the requests were granted and the persons named
were authorized given the fellowships and scholarships as recommended.



       J. W. A. Price to Serve as Consultant.

       President Dickey reported request of Professor W. A. Price, head of the
Department of Entomology and Botany, concurred in by Frank J. Welch, Dean
and Director, to serve as a consultant for certain legitimate and important in-
terests in the solution of various pest problems. He explained that such ser-
vices as Professor Price is able to render are not readily obtainable. and that
the performance of these services would not interfere with his regular duties.
Compensation would be nominal and, at the same time, the service of Doctor
Price would be beneficial to the pest control program.

      President Dickey recommended that the request be approved, and upon
motion, duly made, seconded and carried, Professor W, A. Price was authorized
to serve as a consultant in the capacity referred to above.




 










       K. Memorandum of Agreement between the Government of the Republic
of Indonesia and the University.

       The University of Kentucky at the present time has a contract with the
ICA known as ICA-W-194. It is desirable to clarify the University' s status
and the relationship between the Indonesian Government and the University of
Kentucky. Hence this Memorandum of Agreement is presented to accomplish
two main objectives: (1) to formalize the contractual relationship between
the University of Kentucky and the Indonesian Government contemplated in
our contract with ICA, and (2) to improve the administration of currency funds
furnished by the Indonesian Government.

       President Dickey explained that the Agreement, he thinks, does accom-
plish these objectives. It does not involve funds either to decrease or increase
the original contract. He recommended that the Agreement be approved and
authorized executed,

       Upon motion duly made, seconded and carried, the Memorandum of
Agreement between the Government of the Republic of Indonesia and the Uni-
versity was approved and authorized executed.



       L. Acceptance of 89.39 Acres-. Veterans Hospital.

       President Dickey reported that the University was in receipt of a deed
transferring 89. 39 acres of government-owned land to the University of Ken-
tucky. He stated that this land is located on the Leestown Pike adjacent to the
U.S. Veterans Hospital. He further stated that the deed of transfer was made
pursuant to an application of the University for transfer of surplus land which
would be used as a farm for poultry research. He recommended that the
transfer of property be accepted and the necessary transfer authorized, and
that the Vice Chairman of the Board of Trustees be authorized to sign such
documents as may be required to perfect legal transfer of property.

       Upon motion duly made, seconded and carried, the Board authorized
acceptance of the land and concurred in the recommendation of the President,



       M. Transfer of Student Health Service.

       President Dickey made the following statement concerning the recommenda-
tion to transfer the Student Health Service to the Medical Center.


          As a result of a number of studies of organizational patterns
      in other major institutions of Lie nation, we have concluded that
      the Student Health Service should be placed under the jurisdiction
      of the Medical Center as soon as such transfer is practical. This
      matter has been discussed with both Dr. Willard and Dr. Chamber-
      lain and with the personnel of the Health Service. It is our recom-
      mendation that the Student Health Service be transferred to the




 





15



        Medical Center effective July 1, 1957; however, in the intervening
        months it is understood that Dr. Willard and Dr. CI-arberlain will
        work closely together in determining the policies which will guide
        the Student Health Service in the next fiscal year.

          In making this change, I should like to commend Dr. Chamber-
       lain upon the very effective manner in which he has guided the
       Health Service in his administrative role. I should also like to
       express our gratitude to all of the personnel connected with the
       Student Health Service for the great contributions which they have
       made and are making to the University community.  Many of
       these services have been rendered with a very small staff and a
       meager budget.  The fact that they have worked so efficiently and
       so effectively is a real compliment to the loyalty and the ability
       of the persons connected with the Student Health Service.



       Upon motion duly made, seconded and carried, the recommendation of
President Dickey was approved and the Student Health Service was transferred
to the Medical Center.



       N. Members of the Board of Trustees to Meet with Medical Center Staff.

       President Dickey announced that Dean Willard and the Medical Center staff
would like to. meet the members of the Board of Trustees and make a report
upon work of the staff and progress being made toward the establishment of the
Medical Center.  President Dickey stated that he felt that members of the
Board would enjoy having a progress report and that it would also give them an
opportunity to meet and know the members of the staff thus far employed.

       Members of the Board discussed a suitable date and it was generally agreed
and approved that there would be an informal meeting of the Board of Trustees on
April 22, 1957, at 10: 00 a m. in the Office of the President.



       0, Dean Stahr Resigns.

       President Dickey read a letter from Elvis J. Stahr, Jr. , Dean and Pro-
fessor of Law, and Provost of the University, tendering his resignation.  Pres-
ident Dickey stated that Dean Stahr? s leaving the University was a great loss.
Members of the Board expressed their regret of receiving Dean Stahrt s resigna-
tion and upon motion duly made, seconded and carried, the following resolution
was authorized spread upon these minutes,

       Resolution: The resignation of Elvis J. Stahr, Jr. , is a distinct
       loss to the teaching and administrative branches of the Universi-
       ty.




 





16



           Dean Stahr on numerous occasions has had opportunities to
       go to other institutions or government work but refused to do
       so due to his intense loyalty to Kentucky. He has rendered
       valiant and outstanding service to the University for nearly
       ten years and to the administration for more than eight years.

           The Board extends to Dean Stahr its commendation and
       appreciation, on behalf of the Univ