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"'I  



    Minutes of the Meeting of the Executive Committee of the Board of Trustees
of the University of Kentucky, November 7, 1952.


    The Executive Committee of the University of Kentucky met in the President, s
Office at 10:45 a.in., Friday, November 7, 1952. The following members were
present: Guy A. Huguelet, Chairman; Harper Gatton and H. D. Palmore. Ab-
sent: John C. Everett and R. P. Hobson.  President H. L, Donovan and Secre-
tary Frank D. Peterson met with the Committee.


    A. Minutes Approved.

    The minutes of the meeting of the Executive Committee of July 18, 1952, were
approved as published.


    B. Report of the Comptroller.

    The Comptroller submitted financial report of University funds as of Sep-
tember 30, 1952.  The report showed income realized during the period amounted
to $ 3, 556, 573. 15, which is 48. 15%oof the budget estimate of $ 7, 386, 100. 23.
The general expenditures and encumbrances for the period totalled $1, 770, 731. 86,
which is 23. 89% of the departmental appropriations approved in the amount of
$ 7, 412, 037. 70. The balance sheet and supporting statements of funds and budget-
ary operations were examined and explained.

    Upon motion duly made, seconded and carried, the report of the Comptroller
was authorized received and filed.


    C. Budget Changes.

    President Donovan submitted a list of changes in the University budget as
evidenced by letter dated October 2, showing a total decrease in appropriations
of $ 7,476. 18, and a total increase in budget appropriations of $ 695. 00, making
a net decrease in the University budget of $ 6, 781. 18.

    He also submitted a list of changes in the University budget as evidenced by
letter of November 3, 1952, showing total decrease in budget appropriations of
$ 1, 678. 35, and total increase in budget appropriations of $ 6, 394. 82, making
a net increase of $ 4, 716. 47.

    President Donovan recommended that the list of changes in the University
budget be approved, and the reporting letters filed with the Secretary.

    Upon motion duly made, seconded and carried, the recommendation of the
President was concurred in, and the Comptroller was authorized to make the
necessary budget adjustments.


    D. University Purchases Approved.

    President Donovan read the following letter from the Comptroller reporting
a list of purchases made for the University:




 







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                                               October 7, 1952


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

    My dear President Donovan:

        I submit a list of state requisitions, advices of emergency purchases,
    special purchase orders and departmental purchase orders which have been
    made by the purchasing division from July 1, 1952, through September
    3D, 1952, yet to be approved by the Board of Trustees. The listing below
    gives the numbers of the documents requesting the purchase or actually
    issued as purchase orders, which documents are made a part of this
    record and are held in the Office of the Comptroller subject to inspection.
    The purchases have been made on properly drawn documents at the
    request of the various departments and have been charged against avail-
    able funds.

                  State Requisitions numbered     1 through 265
                  Emergencies                       1 through 99
                  Library D Orders
                  University D Orders               5411 through 5460
                  Special Orders                    1 through 1150

        The foregoing record of purchases is respectfully submitted with the
    request that they be approved by the Board of Trustees, thereby ratifying
    the action of the Comptroller in making the purchases.

                                              Re spectfully submitted,

                                    (Signed) Frank D. Peterson
                                              Comptroller


     President Donovan recommended that the purchases referred to in the above
communication be approved, and the action of the Comptroller ratified.

     Upon motion duly made, seconded and carried,

                  State Requisitions numbered     1 through 265
                  Emergencies                       1 through 99
                  Library D Orders                        --
                  University D Orders               5411 through 5460
                  Special Orders                    1 through 1150

were approved, and the action of the Comptroller in making the purchases ratified.


     E. Comptroller Authorized to Sell Generating Unit.

     The Comptroller reported that the University had obtained a generating unit
on Government surplus.  The unit was assigned to the College of Engineering.
The College of Engineering now advises that the unit is no longer needed for the




 







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purpose for which it was obtained, and the College would like to dispose of the
generating unit and apply the money obtained to the purchase of several needed
pieces of equipment for the foundry and metallurgical laboratory.  The Comptrol-
ler reported that the amount of money involved ranged from $ 200. 00 to $ 30Q 00.
He recommended that authority be given to dispose of the unit.

     Upon motion duly made, seconded and carried, the Comptroller was author-
ized to sell by competitive bidding the generating unit, and apply the money to
the purchase of additional equipment needed in the foundry and metallurgical
laboratory.


     F. Purchase of Steinway Piano for Memorial Hall Authorized.

     President Donovan reported that the pipe organ purchased for installation
in Memorial Hall had been completed, properly inspected, and accepted.  He
stated that authorities on pipe organs rated the new installation very highly, and
expressed complete satisfaction with the instrument.  He reported further that
the piano presently located in Memorial Hall was inadequate, obsolete, and should
be replaced.  He stated that the Comptroller had secured a quotation on Steinway
Concert Grand Piano, Model "Dt9, Ebony Finish, with bench and cover, less
Federal excise tax and University discount.  He recommended that the piano be
authorized purchased and placed in Memorial Hall, and the present piano be re-
moved to the Music department, overhauled, and used in the regular music
teaching program.

     Members of the Committee examined the quotation, and upon motion duly
made, seconded and carried, authorized the Comptroller to purchase Steinway
Concert Grand Piano, Model '9D"t, Ebony Finish, with bench and cover.


     G. Payment for Fellowships, Southern Regional TrainingProgram, Author-
ized.

     President Donovan reviewed for the Executive Committee the fellowship
program of the Southern Regional Training Program.  The Program was establish-
ed for the purpose of training students in public administration in state and local
government in the South,  It consists of fellowships in the amount of approximate-
ly $ 1 000 per academic year. There are three institutions participating: Ala-
bama, Tennessee, and Kentucky.  Students receiving these fellowships attend
Alabama for the fall quarter, Tennessee for the winter quarter, and Kentucky
for the spring quarter beginning in March,  All of these students selected for
participation in the Program have served an internship in a state or local govern-
ment agency in the South for on-the-job training.  Si:x: students have been select-
ed to participate in the Program for the academic year 1952-53,

     President Donovan submitted invoice from Alabama, acting for and on
behalf of the Southern Regional Training Program, in the amount of $ 625. 00,
which represents the University' s one-third cost during the current fiscal quarter.
He recalled that the 1952 General Assembly appropriated the sum of $ 2500. 00
to the University of Kentucky, to be used for participation in this program.  He
recommended that the current invoice and additional payments for the academic
year, not to exceed $ 2500. 00, be authorized.




 






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    Upon motion duly made, seconded and carried, the Comptroller was author-
ized to pay the invoice in the amount of $ 625. 00, and the remaining installments
when requested by authorities of the Southern Regional Training program.


    H. Purchase of Dairy Products Equipment Approved.

    The Comptroller reported that the refrigerating equipment in the Dairy
Products Laboratory, after 22 years' use, had worn out. He stated that he had
had three engineers to examine the facilities and all were of the opinion that
the refrigerating plant should be abandoned.  He reported a conference with
Doctor Garrigus, Doctor Seath, Doctor Morrison, Mr. Farris, Mr. Howard and
others, the results of which he had reported to President Donovan.

    President Donovan reported a conference with Dean Welch and recommended
the purchase of modern equipment, which he reported at an estimated cost of
$ 25, 000. 00, on condition that 40% of the cost of putting the Dairy Products Lab-
oratory in first-class condition be repaid out of the income of the laboratories
over a period of years.  A discussion ensued concerning the desirability of
having a pilot milk processing equipment plant, cheese and ice cream labora-
tories, in connection with the instructional program of the College of Agricul-
ture and Home Economics in dairying.

   After thorough discussion, upon motion duly made, seconded and carried,
appropriation of approximately $ 25, 000 was authorized for putting the Dairy
Products Laboratory in first-class condition, and the Comptroller was directed
to transfer from Dairy Products funds from time to time, such amounts as
might be available from income of the laboratories, to repay $ 10, 000 of the
original outlay.


    I. Agreement with Mayor of the City of Louisville.

    President Donovan submitted agreement with the Mayor of the City of Louis-
ville proposing outside consulting work by Professor James W. Martin. Dean
Cecil C. Carpenter recommended that the agreement be approved under cer-
tain conditions.

    President Donovan called attention that the agreement provides for com-
pensation to be paid to the University and not to Professor Martin personally.
He suggested that the income be considered a miscellaneous income of the Uni-
versity rather than depositing same to the credit of the College of Commerce
restricted fund. The Committee expressed sympathy with the contract but
expressed some fear of criticism of the University and the Bureau of Business
Research if too much time should be devoted to the City of Louisville. It was
conceivable that similar services might be requested by other cities which
would require more time than the Bureau should devote to such work, thereby
causing neglect of supervision of graduate student research work and the regular
research projects carried on in the Bureau.

    Upon motion duly made, seconded and carried., the contract was authorized
approved when rewritten to provide:




 






                                                                                5



    a. That the payment made to the Uriiversity for Professor Martin, s ser-
       vice be deposited as Miscellaneous Income to the University and not
       credited to account 3048.

    b. That the amount of time which Dr. Martin is permitted to devote to the
       study related to arban redevelopment and economic planning and other
       matters requested by the Mayor shall be approved in each instance by
       the Dean of the College of Commerce.

    c. That the amount of time and the dates the work is done shall be determined
       in conference by President Donovan, Dean Carpenter, and Professor Mar-
       tin.


    J. Lyons & Carnahan Contract.

    President Donovan explained that J. W. Carnahan, president of Lyons &
Carnahan, educational publishers, Chicago, Illinois, desired editorial work
done by the University. He stated that Dr. Thbmas D. Clark, head of the His-
tory department, had communicated with Mr. Carnahan, and that Mr. Carnahan
had also written him. President Donovan stated that Doctor Clark would be
assigned the editorial work and was quite willing to perform the service.  He
submitted a letter which he had written to Mr. Carnahan, outlining the condi-
tions of the Agreement, which Mr. J. W. Carnahan had approved and accepted.
The letter follows:


                                                 September 29, 1952

    Mr. J. W. Carnahan
    Lyons &Carnahan
    2500 Prairie Avenue
    Chicago 16, Illinois

    My dear Mr. Carnahan,

       I have your letter of September 17, and the University of Kentucky
    will be glad to furnish the editing services of its staff, and will assign
    Professor Thomas D. Clark to this particular project. It is our under-
    standing that we will receive a payment of $ 3000 for each of four years
    beginning with 1952 and the three years following. In turn we will
    use this sum to subsidize the publication of the Southern Travel Series
    which we now have in process of completion.  The Southern Travel Series
    is an invaluable reference study which will yield rich scholarly dividends
    to this institution.

       The University of Oklahoma is putting in no less than $ 13, 000 to
    subsidize the Southern Travel Project, and the Rockefeller Foundation
    put up $ 10, 000 to subsidize the research leading to its preparation, so
    this is an undertaking which has received solid support. When the
    study is finished there will be four, if not five, large volumes.

       In order for the University of Kentucky to enter into this agreement
   we should have a contract with you for the four year period. We will
   guarantee to have the editing which you require done in proper order from
   our staff. In the meantime we can go ahead with the publication of the




 







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     Travel Series.  Otherwise we could not embark upon the publication
     of the travel studies until four years have elapsed and this would be
     too long a delay. The payments can be made annually at the rate of
     $ 3, 000, but we would want a firm assurance at the outset from you and
     your company that we may go ahead with certainty on our own publica-
     tion program. As you know, this agreement will have to be approved
     by the Board of Trustees, and will become a part of the official record
     of that body. These funds are to be used in financing a public project
     from which no individual will benefit financially.

         We appreciate your kindness in co-operating with us in supporting
     the University in one of its scholarly ventures. If the conditions outlined
     above and the payment of $ 3, 000 annually for a period of four years is
     correct and acceptable to you and your company, you may keep one copy
     of this letter and sign the other as accepting the terms and conditions in
     the space provided below and return for our files.

                                           Cordially yours,

                                    (Signed) H. L. Donovan
                                             Pre sident

     Approved and signed on this 6th day of October, 1952, by
     (Signed) J. W. Carnahan.

     President Donovan recommended that the Agreement be approved by the Execu-
tive Committee.

     Upon motion duly made, seconded and carried, the recommendation of the
President was concurred in, and the contract authorized.


     K. Report of the Auditor of Public Accounts.

     President Donovan reported that the Auditor of Public Accounts had made his
annual audit and inspection report of the accounts and records of the Comptroller
of the University for the fiscal year ending June 30, 1952. He reported that the
examination was made by Warren M. Van Hoose, Certified Public Accountant of
the office of the Auditor of Public Accounts, under the supervision of T. Herbert
Tinsley.  The examination revealed that all accounts have been consistently
maintained according to standard principles of accounting for such institutions of
higher education, and, in the opinion of the auditor, were found to be true and
accurate,

     President Donovan stated that the auditor had made very fine comments and
urged members of the Board of Trustees to read the report as it became available.



     Upon motion duly made, seconded and carried, the report was received and
ordered filed.




 











    L. Foreign Student Scholarships.

    President Donovan submitted a report from Professor Paul K. Whitaker,
Chairman of the Foreign Student Committee, reporting that free-fee scholarships
had been awarded to Mr. John S. Y. Chui and Miss Turkan Kolayli and neither
of these students was able to enroll in the University during the current semester.
Professor Whitaker reported that the Committee unanimously recommended award
of free-fee scholarships to Mr. Vu, Ich Tam and Mr. Chandra Amarasingham.
Mr. Whitaker, Acting Foreign Students Adviser, also recommended that free-fee
scholarship be granted to Mr. Karlis Rudzitis.

    President Donovan recommended that the Committee' s request be approved,
and on motion duly made, seconded and carried, free-fee scholarships were award-
ed to Mr. Vu, Ich Tam, Mr. Chandra Arnaresingham, and Mr. Karlis Rudzitis.


    M. Gifts.

                                   From: Distillers' Feed Research Council,
                                          Inc. -- $ 750. 00.

    President Donovan reported receipt of $ 750. 00, given to the University
by the Distillers' Feed Research Council, Inc. , to be used in support of a graduate
assistant for research being conducted by the Experiment Station on the use of
distillers' dry solubles in the calf ration. He explained that this is the second
year that the Council has assisted the Experiment Station in financing this project,
and recommended that the gift be accepted.

    Upon motion duly made, seconded and carried, the gift of $ 750. 00, given
to the University by the Distillers' Feed Research Council, Inc. , was ordered ac-
cepted, and President Donovan was requested to thank the Council for its con-
tinued interest and support.


                                   From: Grayson Foundation, Inc. -$ 25, 000.

    President Donovan presented check for $ 25, 000 from Grayson Foundation,
Inc , and stated that these funds were in support of the Experiment Station' s re-
search on equine infectious abortion. He stated that the substantial support
given by the Grayson Foundation for the past five years had materially aided in
forwarding the studies on equine infectious abortion, and had been very helpful
to the horse breeders of Kentucky and throughout the country.


                                   From: Herschel Weil, Inc. -$ 750. 00.

    President Donovan reported receipt of check for $ 750. 00 from Herschel Weil,
Inc , which Mr. Weil wished to be used as a grant-in-aid for sheep breeding re-
search, the work to be covered under the outline for the Experiment Stationt s
project, "Improving conception in Kentucky purebred and in commercial ewes."
He recommended that the gift be accepted and the project completed.




 







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      Upon motion duly made, seconded and carried, the gift of $ 750. 00 from
Hershel Weil, Inc. , was ordered accepted and used for the purpose stated above,
and President Donovan was requested to thank Mr. Weil for his donation. The
project was authorized.


                                    From: Mason County Farm Bureau -- $ 150. 00

      President Donovan presented check for $ 150. 00 made payable to the Kentucky
Research Foundation by the Mason County Farm Btreau, and stated that this
check covered renewal of the Bureau? s scholarship for the 1952-53 school year.
He recommended acceptance of the gift.

      Upon motion duly made, seconded and carried, the check for $ 150. 00 from
the Mason County Farm Bureau was ordered accepted, and President Donovan was
requested to write a letter of appreciation to the donor.


                                    From: Anonymous Donor - Cash Gift.

     President Donovan reported receipt of a cash gift from a friend of the Uni-
versity who wishes to remain anonymous.  He stated that this gift could be used
by the University Library to print one of the Library? s bulletins, and recommended
that it be accepted.

     Upon motion duly made, seconded and carried, the gift of approximately
$ 100, 00 was ordered accepted, and the President was asked to convey to the donor
the appreciation of the Executive Committee and the University.


                                    From: Mr. V. V. Cooke, VelVa Haven Farms,
                                           Prospect, Ky.   Station Wagon.

     President Donovan reported that the Animal Husbandry Department of the
College of Agriculture and Home Economics had received from Mr. V. V. Cooke,
VelVa Haven Farms, Prospect, Ky., a new 1952 Chevrolet station wagon, to be
used primarily in the livestock judging program. He recommended acceptance
of the gift.

     Upon motion duly made, seconded and carried, the gift of a 1952 Chevrolet
station wagon from Mr. V. V. Cooke, VelVa Haven Farms, Prospect, Ky. , was
ordered accepted, and the President was requested to thank Mr. Cooke for his
generosity.


                                    From: Mr. James Hackworth and Mr. Homer
                                           McAllister, Shelhyville, Ky.  $ 25. 00.

     President Donovan reported that he was in receipt of a check for $ 25. 00 from
Mr. James Hackworth and Mr. Homer McAllister, Shelbyville, Ky. , which they
have given the University in memory of Mr. John E. Brown, who recently died
at his home in Shelbyville, Ky. The President recalled that the degree of Doctor
of Laws had been conferred upon Mr. Brown by the University at the June, 1952,
Commencement, and stated that Mr. Brown had long been regarded as one of the
distinguished graduates and loyal friends of the University. He recommended that
the gift be accepted, and used on behalf of some worthy student from Shelby County,
Ky.




 







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


                                    From: Mr. and Mrs. S. Headley Shouse,
                                           Lexington, Ky. -Scholarship in the
                                           Amount of $ 243. 00.

     President Donovan reported that he was in receipt of a letter from Mr. S.
Headley Shouse, Lexington, Ky., in which Mr. Shouse stated that he and Mrs.
Shouse would like to set up a scholarship for some worthy student of the University
in memory of their daughter, Juliet.  He stated that Mr. Shouse mentioned the
sum of $ 243. 00 in connection with this year' s scholarship, and recommended that
it be accepted.

     Upon motion duly made, seconded and carried, the sum of $ 243. 00 to be
paid during the current year was ordered accepted and used as a scholarship in
memory of the daughter of Mr. and Mrs. S. Headley Shouse. President Donovan
was requested to thank Mr. and Mrs. Shouse for their kindness.



     N. Recess for Luncheon.

     The Committee recessed at 12:30 p. m- for luncheon at the Student Union,
where, at 1:20 p. m. they again took up the agenda.


     O. Student Activities Appropriation, Northern Center.

     President Donovan reported that it was the policy to aid the Northern Center
with its program of student activities by approving appropriation from the College
Collection Fund in the amount of $ 385. 00. He explained that this fund made it
possible to carry on a student activities program at the Northern Center similar
to the student activities program provided through the Student Union on the campus.

     On motion duly made, seconded and carried, the sum of $ 335. 00 was appro-
priated to aid the Northern Center in its program of student activities.


     P. Dean Elvis J, Stahr' s Services Commended.

     President Donovan read the following letter from Frank Pace, Jr. , Secretary
of the Army.

                      DEPARTMENT OF THE ARMY

               OFFICE OF THE ASSISTANT SECRETARY
                         Washington 25, D. C.

                                                      September 30, 1952

     Dr. Herman Lee Donovan
     President, University of Kentucky
     Lexington, Ky.



Dear Dr. Donovan.




 











        One of the greatest satisfactions I realize as Secretary of the Army
    is noting the splendid spirit of unselfish cooperation that institutions
    such as yours render the nation in the interest of national defense.

        Elvis J. Stahr, Jr., in his capacity as my Special Assistant for Re-
    serve Forces, made an outstanding contribution during a period when
    we were engaged in formulating the largest Reserve Forces Program
    this nation has ever adopted. His assistance in presenting to the Congress
    proposed legislation necessary to implement this program facilitated
    its adoption and justly earned commendations from the Department of
    Defense.

        At this time when Elvis is resuming his duties as Dean of the Uni-
    versity of Kentucky College of Law, I want to express to you my sincere
    appreciation for having made his services available to us.

                                         Sincerely,

                                         (Signed) Frank Pace, Jr.
                                                 Secretary of the Army

    Upon motion duly made, seconded and carried, the letter was authorized
received and spread upon the minutes.



    Q. Report on Estate of Frank Daugherty, Deceased.

    President Donovan recalled that the will of Frank Daugherty, dated March 20,
1950, with codicil dated December 6, 1950, had been reported to this Board after
the death of Frank Daugherty on November 1, 1951. He recalled that the will
provided for the University of Kentucky to share in the estate for the education
in Engineering of youths of Bourbon County, Ky. He reported that the trustee
will petition the Judge of the Orphans Court of Montgomery County, Pennsylvania,
to approve the sale outright of a house and lot to the deceased? s niece, Helen
H. Stehlin, The conditions and sale price seem to be equable and fair, and report
was made to this Board for record purposes.

    On motion duly made, seconded and carried, the report was authorized re-
ceived and filed.



    R. Contract with Board of Education at Covington, Ky

    President Donovan submitted contract between the University of Kentucky and
the Board of Education of the City of Covington, Ky., whereby the Board of Edu-'
cation of the City of Covington leased to the University certain facilities necessary
for the operation of the Northern Extension Center. President Donovan explained
that this is renewal of an existing contract and provides for the annual rental,
not in excess of $ 2, 500. 00, to cover use of facilities and utilities furnished. He
recommended that the contract be approved and authorized executed.




 







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    On motion duly made, seconded and carried, the contract was approved, and
the President and Secretary were authorized to execute contract on behalf of the
Unive r sity.


    S. Change of Work for Professor Louis E. Nollau.

    President Donovan recommended and submitted report from Dean D. V. Terrell,
of the College of Engineering, recommending a change of work for Professor Louis
E. Nollau, effective July 1, 1953.

    Professor Nollau came to the University as an instructor in drawing and wood
shop in September, 1904. He has rendered valuable service to our institution,
both in and outside his field of drawing.  By long and continuous study he has be-
come an expert in photography and has served the College and the University
well in this field. He has a most valuable collection of historic pictures, both
in film and in print, covering all of the activities of the University of Kentucky
over the past fifty years.

    Dean D. V. Terrell recommends that, when Professor Nollau' s change of
work becomes effective, he be assigned the task of making a complete index of
the pictures and film he has that concern the development and history of the Uni-
versity. Professor Nollau' s salary shall be adjusted as of July 1, 1953, in
keeping with the policy of the University.

    Upon motion duly made, seconded and carried, the recommendation was
approved, and Professor Louis E. Nollau was given change of work, effective
July 1, 1953.


    T. Report on Ment s Dormitory Status.

    President Donovan reported the application for loan for men' s dormitory
had been approved, and the necessary bond papers were available for considera-
tion. He further reported that the architect, John F. Wilson, was in the process
of redesigning the building, and that plans and specifications were not yet avail-
able.


    U. Report on Women' s Dormitory.

    President Donovan reported that application for loan for the construction
of the new women, s residence hall north of Patterson Hall had been filed with
the Housing and Home Finance Agency of the Federal Government. He reported
that tentative approval had been given the application, and supplemental informa-
tion requested was being forwarded.


    V. Report on Fraternity Houses.

    President Donovan reported that the architect had been selected and author-
ized to proceed with plans and specifications for a fraternity house (small
dormitory) to house 48 men students.  He reported that the sites of the buildings
had been selected and fraternities had been notified and given opportunity to
examine the plans and make such suggestions for alterations as desirable.  He




 











stated that he hoped that it would be possible to have available for the meeting
of the Board of Trustees at the quarterly meeting in December the completed
plans and specifications.  He further reported that six fraternities had indicated
their interest in securing lease for one of these buildings.  He recommended
that the road connecting the entrance from Rose Street to Woodland Avenue be
constructed.

    Upon motion duly made, seconded and carried, the report of the President
was received, six fraternity houses were authorized constructed, the road on
the front of the fraternity site connecting with Woodland Avenue was authorized
built, and the necessary funds were appropriated from unappropriated surplus.


    W. Fiscal Agent.

    The Comptroller reported that he had requested fiscal agent proposals for
handling the fraternity housing bond issue.  He reported receipt of proposals
from Magnus &Company, Cincinnati, Ohio; The Kentucky Company, Lexington,
Ky., and W. E. Hutton, Cincinnati, Ohio; and Pohl and Company, Inc.,
Cincinnati, Ohio, and Louisville Syndicate (headed by Bankers Bond Company).

    The proposal of each of these companies was read and examined by mem-
bers of the Committee, and after due consideration, upon motion duly made,
seconded and carried, the selection of fiscal agent was postponed.


   X. Building and Revenue Bonds Authorization and Notice of Sale and
Delivery.

    President Donovan stated that it would be necessary to issue Building Revenue
Bonds under Section KRS 164. 190 to provide necessary funds with which to con-
struct Men' s Residence Hall No. 5. Whereupon, Harper Gatton introduced
and caused to be read in full a proposed resolution entitled VIA Resolution of the
Executive Committee of the Board of Trustees of the University of Kentucky,
authorizing and providing for the issuance, sale, and delivery of ' Dormitory
Revenue Bonds of 1952' of the University of Kentucky to pay the cost (not other-
wise provided) of constructing an additional dormitory on the campus of the
University", which resolution and notice of sale of bonds are as follows:




 









        A RESOLUTION OF THE EXECUTIVE COMMITTEE OF THE
        BOARD OF TRUSTEES OF THE UNIVERSITY OF KENTUCKY,
        AUTHORIZING AND PROVIDING FOR TIE ISSUANCE, SALE