xt7gqn5z6j6c https://exploreuk.uky.edu/dips/xt7gqn5z6j6c/data/mets.xml Lexington, Kentucky University of Kentucky 1956043 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, 1956-04-apr3. text Minutes of the University of Kentucky Board of Trustees, 1956-04-apr3. 1956 2011 true xt7gqn5z6j6c section xt7gqn5z6j6c 


Irregularities




 










           Minutes of the Meeting of the Board of Trustees of the University of
Kentucky, April 3, 1956.


           The Board of Trustees of the University of Kentucky met in the Pres-
ident' s Office at 10:00 a. m. , Tuesday, April 3, 1956, with the following members
present: Governor A. B. Chandler, Chairman; Dr. Ralph J. Angelucci, Carl
Dempewolfe, Robert R. Martin, Ben Butler, Harper Gatton, Louis Cox, Robert
C. Stilz, Dr. Harry Denham, Dr. Daniel C. Elkin, J. Stephen Watkins, R. P.
Hobson and Wood Hannah, Sr.  Absent: Mrs. Paul G. Blazer and W. F. Foster.
President H. L. Donovan, Secretary Frank D. Peterson and Mr. G. M. Pedley
met with the Board.


           A. Meeting Called to Order.

           The Chairman asked Mr. Harper Gatton to lead in a word of prayer.


           B. Oath of Office Administered to Members Elkin and Hannah.

           Dr. Daniel C. Elkin, Lancaster, Ky., and Mr. Wood Hannah, Louis-
ville, Ky. , presented commissions of appointment as members of the Board of
Trustees and each was administered the constitutional oath of office.  Governor
Chandler introduced them to other members of the Board and welcomed them as
members of the Board of Trustees of a great institution.


           C. Approval of Minutes.

           President Donovan asked that the minutes of the Executive Committee
of February 20, 1956, be corrected to include statement of the agreement with
the Alumni Association, change of title of the Executive Secretary of the Alumni
Association and title given to the director of the annual fund raising campaign.

           Upon motion duly made, seconded and carried, the minutes of the
Board of Trustees of December 20, 1955; the minutes of the Executive Committee
of January 20 and March 19, 1956, were approved as published; and the minutes
of the Executive Committee of February 20, 1956, were approved with the correc-
tion above stated and the insertion of the following statement:


               For at least two or three years the Alumni Association
          of the University of Kentucky has been engaged in working on
          plans for a greatly expanded annual program of giving by the
          alumni to the University.  Many other universities have long
          since established alumni funds and quite a number of them
          have received many tens of thousands of dollars annually.
          The Association here has drawn upon the experience of other
          institutions and has gradually developed its plans to the point
          of consummation.  Last Monday the Executive Committee of
          the Association approved a proposed agreement between the
          Association and the University which I am recommending
          that you approve today on behalf of the University.




 






2



                This agreement, the original of which I have before me,
            ready to be executed, provides for the setting up of an Alumni
            Fund as a restricted fund in the custody of the University. It
            provides that all gifts which may be received by the University
            from or through the Association or as a direct result of its
            efforts will be placed in that Fund and that the University will
            continue to give budgetary support to the Association and will
            make available to the Association a portion of the money
            raised by the Association in order to make it possible for the
            Association to carry on and expand its work on behalf of the
            University and particularly its efforts to raise money for the
            University.  The agreement contemplates that the Association
            will employ an Alumni Fund Director and that the terms of his
            contract and the selection of the individual for the position
            will both be subject to approval by the University. I might add
            that an outstanding young man has already been employed, sub-
            ject to your approval of the basic agreement which I now present
            to you, and which I recommend that you -authorize to be executed.

                                   * * *

                Now that you have approved the agreement, I should like
           to make an additional recommendation.  The Alumni Associa-
           tion is changing the title of its Executive Secretary to "Director
           of Alumni Affairs" and has requested that this same title be
           used by the University.  I recommend approval of this change
           of title and further recommend that the title of "Alumni Fund
           Director" be approved for the position of the director of the an-
           nual fund-raising campaign which the Association will conduct.

                                   * * *

                I should like to request that the Executive Committee
           delegate to the President of the University the authority to
           approve, on behalf of the University, a contract of employment
           of an Alumni Fund Director by the Alumni Association and the
           selection of Mr. James A. Beazley for that position.



           D. Financial Report.

           Vice President Peterson submitted financial report for the period July
1, 1955, to February 29, 1956, inclusive.

           Mr. Peterson made a detailed statement concerning the financial re-
port explaining various sections of the balance sheet.

           Members of the Board being advised, upon motion duly made, seconded
and carried, the financial report was authorized received and made a part of the
record.




 








UNIVERSITY             OF KENTUCKY


             LEXINGTON



March 30, 1956



Dr. H. L, Donovan, President
University of Kentucky
Lexington, Kentucky

My dear Doctor Donovan:



There is submitted herewith the financial report of the University of Kentucky for
the first eight months of the fiscal year 1955-56.

The Division of Colleges, debit balance in the unappropriated surplus account
($147,465. 88! will be liquidated from the income realized in excess of budget es-
timates and departmental appropriations unobligated balances for the fiscal year
'1955 -56.

University of Kentucky fixed assets (buildings, improvements, contents) are in-
sured through the State Department of Insurance.

The insured value of these fixed assets and the premium costs for the year are
as follows:



Fixed Assets
Division ofColleges
Agricultural Experiment Station
Motor Vehicles
Robinson Sub -Station
Western Kentucky Experiment Station
Camp Robinson
Residences and Temporary Buildings
Bingham Camp and Dawson Springs
Eden Shale Farm
N. Y. A. Camp
Mercer County Experiment Station Farm
Woodford County Farm



Insured Value

2,368, 820. 00
  101, 190 00
  86, 120S 00
  153,650.00
  16, 340, 00
  848, 068. 00
  130,680.00
  16, 9  0.0
  31,000,00
  63,050,00
  19, 600. 00



Totals                                  $ 30, 196, 5 23, 0 0



Premium
$43,314. 9 7
10,903, Z1
    786, 31
  1, 174. 56
  1, 587, 53
    243. 9 0
  3,669, 50
  2, 3 70 3 1
    138. 18
    8W06 00
    613. 31
    218. 95

$65, 826 73



The University owns 16, 774 acres of land and leases 682 acres. This land is used
for: 100 acres, University campus; 1, 520 acres, Basic Agricultural Research;
1,292 acres, Farm Demonstration; 1 144) acres, Crop Experimentation; and 14,400
acres, Forestry and Restoration,  The following schedule shows the property
owned and leased; its use and location.




 











Use and Location



University Campus
Basic Agricultural Research:
    Lexington, Kentucky
    Princeton, Kentucky
    Quicksand, Kentucky
    Woodford County, Kentucky
Farm Demonstration:
    Owen County
    Mercer County
Crop Experimentation
    Seventy-two Counties
Forestry and Restoration



Acres of Land
   Owned


   782
   400
   200


   892



14400



A c re s of Land
  Leased





    138



400

144 *



Total Acres



16 774



682



* Average two acres per county

The total amount of the bonded indebtedness incurred by the University, since its
inception through February 29, 1956, is $9, 113, 500. Of this amount $1, 454, 000
has been retired and $7,659,500 is outstanding as of February 29, 1956.  The
schedule below is a complete record of the bond debt.



Revenue Bond Debt Record



  * Is sue
  1. Lan  Trust Certificates
  2. Buildings (General)
  3. Building (General)
4. Dormitory (Boys)
5. Auditorium-Field House
60 Library and Service Bldg.
   Stadium
 8. Journalism Building
 9. Dormitory (456 Rose St.)
 10. Dormitory (476 Rose St.)
 11. Dormitory of 1953 (Boys)
 12. Dormitory of 1952 (Boys)
 13. Dormitory of 1954 {Girls)
14. Dormitory of 1955 (Coop-
    erstown Apartments)



  Dated
  l677
  19 743
  1/1/36
9/1/3 8
6/1/46
8/1/48
4/1/49
4/1/49
1/1/50
10/l/50
12/1/50
5/1/5 3
7/1/52
5/1/54

6/1/55



Total



A mount
$256, 000
634, 000
  3 16, 000
  430, 000
  825, 000
  490, 000
  300, 000
  Z25, 000
  74, 500
  76, 000
  710, 000
1, 255, 000
  722, 000



2,800, 000



$9, 113, 500



Retired
$25, 000
392, 000
141, 000
  87, 000
  240, 000
  125, 000
  90, 000
  66, 000
  1z, 000
  10, 000
  15, 000
  2O, 000



Outstanding
ZZ29/ 1956
$ 0
  242, 000
  175, 000
  343, 000
  585, 000
  365, 000
  210, 000
  159, 000
  62, 500
  66, 000
  695, 000
1,235, 000
  722, 000

2, 800, 00



$1,454, 000 $7, 659, 500



The following financial report consists of a
ments for the period ending February 29, 1



balance shee t and related financial state -



Respectfully submitted


Frank D. Peterson
Vice President, Business Administration




 







University of Kentucky
  BALANCE SHEET
As of Februaxy Z9, 1956


       ASSETS



Current Funds
   Cene ral.
   Cas hin Bank
   Petty Cash Fund
 State Allotments:
   Current Year
   Prior Year
 Revolving Funds
 Inve nto rie a
 Deferred Charges
 Unreal. Income

       Total General

 Re stric ted:
 Cash in Bank
 Petty Cash Advs.
 Inve 8tments

       Total Restr,
       Total Current

 Plant Funds
   ;  d~~~~re :
   C a sh in MEnk
   Revolvy Funds
   Unreal, Income

       Total Unexp.

 Investment in Plant:
 Construction Auth or,
 Fixed Assets

       To tal -Inve s te d
       Total -Plant



Other Funds:
n     kUink
Notes Receivable
Inve stments

      ToWal Other Fuxnds
      Total Assets
* Overdraft



Division
  of



Agric ultura1
Experiment



Agiric ultural
Extension



Colleges         Station         Division        To a



$    2 8, 844. 99 $  185, 262. 27  $ 852, 09 S. 02  $ 1,066,20228
     40,000.00      10,000. 00                      509O0,000

     600,138.33     148,472 15      41,207.51       789,81799
                     3,355.83                        3,355. 83
    733,331.41     533,308.60                    1,2.66,640,01
    297,641.55                                     Z97,641, 55
    52,666.20                                      52,666, 20
    737,259.0Z    277,548. 16       6,561.99     1,0Z1,369. 17

$ 2,489,881.50  $1,157,947.01  $ 899,864.52  $ 4,547,693,03


$ 1,020,289.47 $  173,125. 85  $  138,963.22  $ 1,332,378 r54
      5,470.26      2,350.00        1,800.00         9,620. 26
  1,056,294,03     15,000,00                     1.071,294,03

$ 2,082,053.76  $  190,475.85  $  140,763.22  $ 2,413,2928 3
-4571,935726   $l,34S,2TT9W  $ ,040,627.74  $ 57-96W



$     5,872,84 $               $               $      5,872,84
    214,527,16      27,437r11                      241,964,27
    71,675.62                                      71,675.6Z

$   292,075,62 $    27,437.11  $               $   319,512,713


$ 3,783,499.13 $               $               $ 3,783,499413
32,143,454,87   3,459, 501. 31                 35,602,956.18

$35,926,954. 00 $3,459,501,31  $               $39, 386, 455. 31
$T6,219,C29,o  $3,486,938.42  $


    Loan         Endowment         Ag nc y

$     3,203,53* $    3,836,03  $   81,228.03   $    8I8 6 0 53
     34,911.26                                      34,911.2.6
     75,50OO0      201,782.55      15,967. 19      Z93,249,74

$   107207 7~j.J,,.2o5,618.58  $  97,195.22  $   410,021,53
                                               $47, 076, 97  43




 






D



University of Kentucky
  BALANCE SHEET
As of February 29, 1956


     LIABILITIES



Current Funds
General:
Petty Cash Liability
Res. for Encumbr.:
   Current Year
   Prior Year
 Res. for Inventories
 Other Liabilities
 Unapprop. Surplus
 Approp. Bal.

       Total General

 Restricted:
 Onu      g Checks
 Restr. Balance

       Total Restr.
       Total Current

 Plant Funds
 Ue _
     Inxended:
     Re  i or cumb.:
  Current Y ear
  Prior Year
  Approp. Bal.

      Total Unexp.

 Investment in Plant:
 Bonds Payable
 Net Invested

      Total invested
      Total Plant


Other Funds:
  Bal, as to Principal
  Bal, as to Income

      Total Other Funds
      Total Liabilities



Division
of



Agricultural
Experiment



Agricultural
Extension



Colleges         Station        Division         Total



$   40, 000.0 0  $   10, 000. 00 $            $    50, 000. 00

    211,441. 65      87,955.42      18,447. 71    317,844. 78
    23, 3240 C2     29, 400. 52     6, 777. 84    59,502e 38
    297,641. 55                                   297,641. 55
    52,666.20                                     52,666.20
    147,465.88*     383,664.05                    236,198.17
  2,012,273.96      646,927.02     874,638.97   3,533,839.95

$ 2,489,88J..50  $1,157,947.01  $  899,864,52 $ 4,547,693.03


$     6,426.52   $             $              $     6,426.52
  2,075,627 24      190,475.85     140,763.22   2,406,866.31

$ 2.082,053.76   $  190,475.85 $   140,763.22 $ 2,413,292.83
$i, 4,571i,935. 26  $1, 4  .428b -$1 ,040-,b2774  b9b0, 985,S.6




$                $    9,997,72  $             $     9,997.72
     37,308.16       13,800.00                      51,108.16
     254,767.46        3,639,39                    258,406.85

$   292,075.62   $   27,437r11 $              $    319,512073


$ 7,659,500,00   $              $             $ 7, 659, 5 00. 00
28,267.,454.00   3,459,50131                   31,726,955,31

$35,69,2954,00   $ 3,459, 501. 3 1 $          $39, 386,455. 31.


     Loan         Endowment        A   yency

$    73,396,01   $  201,616,64 $               $   275,012.65
     33,811o72        4,001,94      97,195.22      135,008.88

$    07,207.73   $  205,618,58 $    97,195e22 $    410,021.53
                                               $47,076,975.43



* Deficit




 







        University of Kentucky
STATEMENT OF UNREALIZED INCOME
For the Current Fiscal Period which began
July 1, 1955 and ended February 29, 1956


             General Fund



Budget
E; tinia te



Realized
to Date



Unrealized
Balance



Division of Colleges
Edutat nl; an  iineral:
  State Appropriations
  Fed. Grants (through the state)
  Student Fees
  Endowment Income
  Sales and Services and Rentals

      Subtotal

 Auxiliary Enterprises

       To tal -C olle ge s


Agricultural Experiment Station
State Appropriations
Federal Grants (direct)
Sales and Services

       Total -Experiment Station


Agricultural Extension Division
State A propftions
Federal Grants (direct)

      TotalAgr. Extension

      Total General


Plant Fund:
MelEtSe~rvice Income

      Total .-Plant

      Combined Total



$3, 505, 85O. 00 $3,320,000.00  $  185,850.00
   131,465.60     94,269.81       37,195.79
   835,600,00    542,306.84      293,293.16
     9,644.50      9 , 700. 00        555e0*
     20,000.00     18,305.88        1,694.12

$4,502,560.10 $3,984,582. 53  $  517,977,57
                   88. 50%
   475,405.50    25T2T05         219,281.45
     -~~~-9  ~~53. 87aro
$4,977,965. 60 $4? 2'40,7658  $  737,259.02



$  584,600.00 $ 579,600.00    $    5,000.00
   673,676.67    523,795c25      149,881.42
   500,100G00    377 ,433.26     122,666.74

$1,758,376.67 $1,480, 828. 51  $  277,548.16
                   84. ZZVG~o


$  683,350D00 $ 683,350.00    $
1,598,843e94  1, 592, 281D 9 5   6,561,99

$2,282,193,94 $2,275,631.95   $    6,561.99
                   99. 71
$9 ,018,536.21 $7,9  Tf1'7.04  $1,021,369.17
                  8 8,7Mb


$  167,019D40 $   95,343.78   $   71,675.62
  09 57. 09
.$  167,019,40 $   95c343,78   $   71,675.62

$9, 185 555 5  61 $ 8 ?0T5 9  O T 8 2  $1, 09 3, 044. 79



*Realized in Excess of Estimate




 






d



               University of Kentucky
STATEMENT OF DEPARTMENTAL APPROPRIATIONS
      For the Current Fiscal Period which began
      July 1, 1955, and ended February 29, 1956



Dept.
Approp7



Expend. -
ture a



Enc umr -
brances



Approp.
Balance



Division of Colle ea

                 ces
  Student Services
  Staff Welfare
  Gen. Inst. Serv.

      S ubtota3


 instr. & Research
 o'wlege of --
 Agro '1-ome Econ.
 Arts & Sciences
 Commerce
 Education
 Engineering
 Law
 Pharmac y
 Graduate School
 Org. Act, RelE Edu,
 Re search
 Libra rie s
 Adult & Ext. Edu.

      Subtotal


 Other Expenses:
 Opero & Mainto Plant
 Auxiliary Enterpr.
 Working Capital
 Clearing Accts.

      Subtotal


   Total -C olle ge s

   Agr. Exper. Station

   Agr. Extension Div.


   Combined Total



$  101,702,00    $   64,693,51    $  1, 056.05  $   35,952. 44
   204,807.64       135,287. 85      1, 900.18      67,619. 61
   65, 000r 00      38, 665. 03                    26, 334. 97
   104, 57302        5Z 187,40     20, 120. 59      32,265. 03

$  476,082.66    $  290, 833 , 79  $ 23, 076.82  $  162,172. 05




$  289, 804. 60  $  168,954,01   $  5,121, 92  $   115, 728,67
1, 537, 373, 73    983 , 701, 10   16, 864 82     536, 807. 81
   206, 09 6, 92    131,953. 31        242 00       73, 901. 61
   369,615. 60      227,689, 91      6,680. 57     135,245. 12
   380,045.46       239 144. 05      4, 058,11     136, 843, 30
   87,900 23        55,258. 68      1,109,25       31,532, 30
   91, 428. 00      5 0, 397. 48    2, 079,53      38, 950. 99
   11, 887. 50       7.770, 11        l00o 61       4,016. 78
   28,410,97        16, 113 45        669,25        11,628 27
   20,000,00         4,916 73       1,655.95        13,427,32
   297,995,77       201, 138,63     10, 29. 63      86,727 51
   226, 198, 50      13 5, 528 96    4, 963. 13     85, 706.41

$3,546,757.28    $2,222,566.42   $ 53,674.77   $1 , 270, 516 09



$  932,468. 00    $  548,067,71   $ 47,127, 77   $  337,272.52
   363,141, 62      221,444.54      17,439, 31      124,257,77
   77,242 06        104,030,52*    64,692,45       116,580.13
     8 !675. 38        1,769,45       5,430.53        1,475.40

$1,381,527. 06    $  667,251, 18  $134,690.06    $  579,585,82


$5,404,367. 00    $3,180,651.39   $211,441.65    $2 012 , 273 96
                              62, 77 %
 1,680,972, 99      946,09 O57;     87, 955. 42    646,927,02
                             61, 51%
 2,282,193o 94     1, 389 , 107,2 '  18,447,71      874,638,97


$9,367,533,93     $5,515,849.ZO   $317,844,78    $3,533,839.95



*Negative figure.




 






V



             University of Kentucky
STATEMENT OF PLANT FUND APPROPRIATIONS
    For the Current Fiscal Period which began
    July 1, 1955, and ended February 29, 1956



Division of Colleges



Dept.
Approp.



Expendi -
ture s



Enc um -
brances



Free
Balance



Construction



$ 23, 757, 69  $ 19, 083. 68   $
                        80,- 33(1



$ 4,674 01



Retirement of Indebtedness



1st W, P A. Bond Issue
2nd W. PA. Bond Issue
Dorm. Rev. Bond issue
Audit-Field House Issue
Lio, & Serv, Bldg. Issue
Stad.Add, Issue
Dorm. Rev, Issue (456
  Rose
Jour, Bldg. Bond Issue
Dorm, Rev. Issue (476
  Rose9
Stud, Dorms. U, K
Stud, Dorm, -Kappa Sigma
Stud. Dorm. -Lambda Chi
Stud. Dorm, -Phi Sigma
  Kappa
Stud, Dorm, -Pi Kappa
  Alpha
Dorm, Rev. Bond 1952
Dorm, Rev, Bond 1954
Lib, & Serv. Bldg. Res,
Dorm. Rev, Bond 1955
Cooperstown Apts.

  Total-Retirement of
       Indebtedness

  Total -Colege

Agr. Exper. Sta, Const.

Combined Plant Totals



37,409, 02
16, 610, 66
24, 682, 25
58, 079. 32
44, 044, 52
21 , 653, 07

7, 724, 68
15, 636, 50

4, 076, 93
13, 9 58, 32
9,481, 34
11, 741, 40

10, 046. 34

9, 476, 87
57, 286, 50
23, 015, 51
34, 007, 54



$  2, 291. 5 5
  16, 514, 1 6
  3 382. 50
  56, 760. 69
  5, 598. 75
  3, 329, 8 0



$ 35, 117, 47
      96. 50
  21, 299 75
  1,318, 63
  38, 445, 77
  18, 323. 27



3,428, 12
13, 337, 50



4,296, 56
2, 299. 00



3, 0050 00
3,928 73
1 9 64, 3 8
1,9 64, 38



1, 071. 93
10, 029. 59
7, 516.96
9 , 777. 02



1, 964, 38



8, 08 1. 9 6



1,964, 38
18, 586. 75
10, 676. 25



7, 5120 49
38, 699, 75
12, 339, 26
34, 007, 54



  47, 166-, 25   47, 306. 25                       140( 00*

$446, 097, 02  $196, 003, 57   $              $250, 093, 45
                          43, 940/

$469?854 71    $215,087,25     $              $254,767.46
                          45. 785o
  14,951, 71      1 314,6 b      9,997,72        3,639,39

$484,80642     $ 216,4 01,85 5    9, 997. 72  $Z58,406.85



'Negative figure,



$




 








          University of Kentucky
STATEMENT OF OTHER FUND TRANSACTIONS
  For the Current Fiscal Period which began
  July 1, 1955 and ended February 28, 1956



Reatricted Funda:
MIvislon of cmeges
Agzr, Exp. Station
Agr, Exten. Div.

      Subtotal


Loan Fund:

Inco me

      Subtotal


Eudowmenr Funds:

Ineome

      Subtotal


A enc F~unds:
  alances



Combined Totala



Balance



Di sburse -



Balance



3!4,1ly 19 15  Recei ar ments               Feb.Z9,1955


$1,665,424. 28   $2,472,720.25 $2,062,517.29 $2,075,627. 24
   136, 163 74   246,457.04     192, 144. 93  190,475. 8S
   135,373,62     100, 051.23    94,661,63     140, 763 22

$L,936,9F6L64   $819O,892285 2$2,349,32Z3.85 $2,406,866. 31



$   73,356o 01 $       40. 0$ $             $   73,39%6 01
    32290, 50       1,539, 15         17L93     33,811. 72

105,646. 51  $    1,579o 15 $       17.93 $  107,Z07. 73



$  20i,61,6.64 $              $             $  201,616. 64
     3,6 76. 81       325o 13                    4, 001. 94

   Z05,293.45  $      325, 13 $             $  205,618. 58


$115,667,8Z  ~4,3645 -          3.Q~~$         9   9  
$2,363,56. 42  $3,235 469 25 $2,7r82,150.8    $2,816,887. 84.

$2,363,56)9to42  $3,235,4690 25 $2,782_150)o83 $2, 8 16 887, 84.




 






7



          E. Frazee Hall Fire Loss Insurance Settled.

          Mr. Peterson reported that Frazee Hall was damaged by fire on Jan-
uary 24, 1956.  Representatives of the State Fire and Tornado Insurance Fund
employed Western Adjustment Company to adjust the loss. Several conferences
have been held by parties concerned during the intervening weeks.  A detailed
estimate of the cost of replacing, repairing and restoring the building to its
original status was made by Meriwether, Marye and Associates.  Representa-
tives of the Western Adjustment Company and State Fire and Tornado Insurance
Fund, and Vice President Peterson have agreed on a fire loss to the building
only of $105, 000.  It is understood that the damage to the equipment is yet to be
settled and the insurance loss on documents and replacement of papers is yet to
be adjusted.

          President Donovan and Vice President Peterson recommended that
the fire loss to the building be accepted and approved.

          Upon motion duly made, seconded and carried, the recommendation
was concurred in and the University officials were directed to proceed with set-
tlement of the loss as agreed upon.



          F. Resolution Concerning Bond Issue for Construction of Small Dormi-
tory (Phi Delta Theta Fraternity), 338 Clifton Avenue.

          Mr. Peterson submitted a Resolution of the Board of Trustees authoriz-
ing construction of a small dormitory at 338 Clifton Avenue.  He explained that
plans and specifications for the building would be ready for action before the Board
of Trustees met again and that it would expedite completion of the program if the
Board of Trustees authorized the Executive Committee to do all things necessary
to cause the building to be constructed and revenue bonds issued and sold. He
read the following resolution:


          A RESOLUTION OF THE BOARD OF TRUSTEES OF THE UNI-
          VERSITY OF KENTUCKY, AUTHORIZING THE CONSTRUCTION
          OF A DORMITORY BUILDING ADJACENT TO THE CAMPUS IN
          LEXINGTON, KENTUCKY, UPON PREMISES GENERALLY
          KNOWN AS NUMBER 338 CLIFTON AVENUE, AUTHORIZING
          THE ISSUANCE OF REVENUE BONDS TO PROVIDE FUNDS
          THEREFOR, AND AUTHORIZING THE EXECUTIVE COMMITTEE
          OF THE BOARD OF TRUSTEES TO OPEN AND ACT UPON BIDS
          FOR THE CONSTRUCTION OF SAID DORMITORY BUILDING,
          TO DETERMINE HOW MANY REVENUE BONDS ARE REQUIRED
          TO BE ISSUED, TO TAKE ALL PROPER ACTION TO AUTHORIZE
          SUCH REVENUE BONDS AND TO PRESCRIBE THE MATURITIES
          AND THE OTHER DETAILS THEREOF, AND TO PROVIDE FOR
          THE SALE OF SAID BONDS AT AN ADVERTISED, PUBLIC,
          COMPETITIVE SALE.




 






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    WHEREAS, it appears to the Board of Trustees that there
is a need at this time for additional dormitory facilities to pro-
vide proper housing for the students at the University, and the
president has recommended that a small dormitory building
be constructed upon premises adjacent to the campus at the Un-
iversity and generally known and designated as Number 338
Clifton Avenue, in Lexington, Kentucky, said site having been
acquired by the University and being presently available for
the proposed construction; and

    WHEREAS, Architects, heretofore employed, are in the
course of preparing final working plans and specifications, but
do not expect to have them completed for several weeks to come,
and it appears to be undesirable that the project be delayed for
action on the part of the full Board of Directors;

    NOW, THEREFORE, THE BOARD OF TRUSTEES OF THE
UNIVERSITY OF KENTUCKY HEREBY RESOLVES, AS FOLLOWS:

    SECTION 1. It is hereby determined that a small dormitory
building shoulbe constructed by the Board of Trustees of the
University of Kentucky upon available premises generally known
as Number 338 Clifton Avenue, in Lexington, Kentucky, accord-
ing to preliminary plans which are hereby approved, and in
accordance with final working plans and specifications hereafter
to be prepared by the Architects employed for that purpose.

    SECTION 2, The Executive Committee of the Board of
Trustees is expressly hereby vested with full authority to approve
the final working plans and specifications, to authorize the publi-
cation of advertisements soliciting construction bids, to open,
consider, and act upon such bids as may be received, to determine
the amount, date, maturities, redemption provisions, place of
payment of principal and interest, and all other usual and necessary
details incident to the issuance of Dormitory Revenue Bonds pur-
suant to Chapter 58 of the Kentucky Revised Statutes, to provide
funds for the payment of all costs and incidental expenses of the
dormitory building project to the extent funds are not otherwise
available; and to authorize bonds to the amount required and to
make public solicitation of bids or proposals for the purchasing
of such bonds, and to consider and take action upon all of such
bids or proposals in its discretion and without referring any of
said actions to the full Board of Directors.

    SECTION 3. Appropriate officers of the University are au-
thorizeT to apply to the State Property and Buildings Commission
for approval of the project, and approval and authorization of the
proposed bond issue, and all authority herein granted to the Execu-
tive Committee is expressly subject to the obtaining of such ap-
proval and authority from the State Property and Buildings Com-
mis sion.




 






11



               SECTION 4. This Resolution shall be in full force and effect
           from and after its adoption.

               ADOPTED by the Board of Trustees of the University of Ken-
           tucky at a regular statutory meeting held in Lexington, Kentucky,
           on the 3rd day of April, 1956.



           (SEAL)                                  CHAIRMAN
                                             BOARD OF TRUSTEES
          ATTEST:


                   Secretary



          Members of the Board having heard the Resolution read, upon motion
by Member Harper Gatton, seconded by Member Louis Cox, and carried, the
Resolution was unanimously adopted.



          G. Resolution on Death of Dr. Joseph W. Pryor.

          President Donovan submitted the following Resolution on the death of
Dr. Joseph W. Pryor and recommended its approval.



         RESOLUTION ON THE DEATH OF DR. JOSEPH W. PRYOR

               On March 17, 1956, less than three weeks from his one
          hundredth birthday, death came to Dr. Joseph W. Pryor, emeri-
          tus Professor in the Department of Anatomy and Physiology at
          the University of Kentucky.

              Dr. Pryor was born in Palmyra, Missouri, April 3, 1856.
          He secured his M. D. degree from the University of Missouri
          in 1876, and subsequently Dr. Pryor was an assistant to Dr.
          Hodgen, Dean of the St. Louis Medical School.  Then he went
          into the practice of general medicine and surgery and moved to
          Lexington, Kentucky, in 1882. In 1881 he had married Miss
          Maggie Cheney who died in 1896. In 1898 he married Miss
          Eleanor Hancock, his present wife, who survives him.

              Dr. Pryor continued his practice of medicine and surgery
          in Lexington and in 1885 he became the regular Medical Exam-
          iner of State College, the forerunner of the University of Ken-
          tucky.  In 1890 he was appointed to the headship and became
          the Founder of the Department of Anatomy and Physiology.
          In 1894 Dr. Pryor organized in the College of Arts and Sciences
          one of the first premedical curricula in the country.




 





1 ,



    Dr. Pryor, s interest in premedical work and his scholarly
example from the earliest of his years at the University were
a source of inspiration to hundreds of students who in later
years occupied prominent positions in the medical field. The
present Pryor Premedical Society of our College and Universi-
ty was organized by hirm in 1915 and was known then as The
Premedical Society.  This Society was named in his honor after
Dr. Pryor was placed on Special Assignment by the University.

    Dr. Pryor was essentially an investigator. His early
classical work with the x-ray in connection with the ossification
of the carpal bones gained him national and international recog-
nition. In 1927 Dr. Pryor gave a talk in London, England,
before the Anatomical Society of Great Britain and Ireland. Al-
so, in the same year he read a paper at the Ecole de Medicine
in Paris, France. His work in Anatomy became a classical
reference in Gray, s Anatomy and, in fact, all major textbooks.
Use of the new technique in the study of ossification led him to
the study of ossification patterns and this in turn to the true zy-
gotic relationships in multiple births. His most recent publica-
tion dealt with these relationships in the Badgett quadruplets,
and was published in his ninety-first year.

    Dr. Pryor was a member of many associations.  Some of
these were the American Association of Anatomists, the American
Association of Anthropologists, the American Association of
Roentgenologists, the American Medical Association, the Southern
Medical A ssociation, the Mis sis sippi Valley Medical Association,
the American Association for the Advancement of Science, Sigma
Xi, and Kappa Alpha.  He was the first Vice-President of the
Kentucky State Medical Society and the Honorary Grand President
of Omega Beta Pi.

    Dr. Pryor was listed in Who, s Who in America, Who' s Who
in American Medicine, Who's Who of American Authors, Who' s
Who Among Physicians and Surgeons, the International Directory
of Anthropologists, and American Men of Science.

    Dr. Pryor, s contribution to the civic life of the community
was pronounced,  He was a member of the City Board of Health
for fifteen years. He was a cha