Minutes of the Mleeting of the Executive Committee of the Board
of Trustees, University of Kentucky, January 5, 1945.


     The Executive Committee of the Board of Trustees of the Universi-
ty of Kentucky met in the Director's office of the Student Union
Building at 10:45 a.m., Friday, January 5, 1945.    The office of the
President was not available due tobeing repaired and redecorated.
The following members were present: Judge R. C.Stoll, H. S. Cleve-
land, H. D. Palmore and R. P. Hobson.   President H. L. Donovan and
Comptroller Franl D. Peterson, Secretary of the Board, were also
present.


     A. Approval of Minutes.

     The minutes of the meeting of the Executive Committee of Novem-
ber 22, 1944, were approved as published.


     B. Report of the Comptroller.

     The Comptroller made the reg;ular monthly financial report. Each
member of the Executive Committee was provided with a copy of the
report detailing a complete statement of unrealized income, appropri-
ations and expenditures for the period ended November 30, 1944.    The
report also included a complete list of Restricted and Agency funds
showing receipts and expenditures for the same period.    The report
was examined by members of the Committee, discussed, and, upon motion
made, seconded and passed, ordered received, accepted and approved.


     C. 1Miawen Motor Corporation Contract Approved la Attorney General.

     President Donovan reported that, pursuant to direction of the
Executive Committee, at its meeting on November 22, 1944, he had
submitted to te Attorney General a contract and lease agreement be-
tween the IMflawen Motor Corporation and the University of Kentucky, and
that the contract and lease agreement was approved by Attorney Gen-
eral Eldon S. Dummit.


     D. University of Kentucky Coupon Bonds to be Registered.

     It was called to the attention of the Executive Committee that
the Comptroller had, in his position as Custodian of Securities, some
United States Government Coupon Bonds.    At the request of the
Comptroller, the following action was taken:

                           * ** * * * ** * *

             1. Upon motion duly made, seconded and carried,
                the Comptroller is directed to have all Gov-
                ernment bonds registered, and report back
                to the Executive Committee.



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