At a called meeting of the Executive Committee of State Uni-

versity, held at 1{rankfort, Kentucky, February 27, 1912, there

were present C. B. Terrell, Ilywel Davies and C. B. Nichols,

On motion made by M~r. Dvies and seconded by Mr. Nichols, by

unanimous vote it was ordered:

    That C. B.Nichols, as Chairman of the said Committee, and

W. T. Lafferty, Business Agent, were authorized and empowered to

execute note or notes at the Fayette National Bank of Lexing-

ton, Kentucky, to keep up such overdrafts and anticipated

overdrafts as may be made by 'he University, so as to comply with

the rules adopted by theofficers of the Lexington ClearingHouse.

    On motion the Committee then adjourned.



Secretary