Mitnutes of Called Meeting of the Board of Trustees of the
University of Kentucky, August 3, 1958.


     The Board of Trustees of the University of Kentucky met in
President McVey's ,ffice Wednesday, August 3, 1938, at 10:30 a.m.,
pursuant to a call issued July 21, 1953, by the Chairman of the
Board of Trustees, Governor Albert B. Chandler.   The membero
present were Judge Richard C. Stoll, Chairman of the Executive
Committee, who, in the absence of the Chairman of the Board of
Trustees, acted as Chairman of the meeting; D. D. Stewart, H. S.
Cleveland, James Park, R. Miller Holland, J.C. Newcomb, J. S.
Cooper, Louis E. Hillenmeyer, Harper Gatton, and Marshall Barnes.
Assistant Attorney General, J. W. Jones, Dean James H. Graham,
President Frank L. McVey, and Secretary of the Board, D. H. Peak,
were present.

     The Chairman called the mleeting to order and asked the Secre-
tary to read the letter-of-call, as issued by Governor Albert B.
Chandler under date of July 21, 1938, and mailed to each member
of the Board.   Upon the reading of this letter, it was ordered
to be placed within the minutes of the meeting.

     The letter was signed by Governor Chandler and mailed to
each member of the Board as follows:

     Harper Gatton, Madisonville, Kentucky
     Judge R. G. Gordon, Marion E. Taylor Building, Louisville,
                 Kentuciky
     Louis E. Hillenmeyer, Georgetown Pike, Lexington, Kentucky
     Judge Richard C. Stoll, 602 City Bank Building, Lexington,
                 Kentucky
     James Park, 602 City Bank Building, Lexington, Kentucky
     H. S. Cleveland, Franklinton (Henry County), Kentucky
     D. D. Stewart, 504 West Ormsby Avenue, Louisville, Kentucky
     Judge John Cooper, Somerset, Kentucky
     R. Mliller Holland, Owensboro, Kentucky
     J. C. N'ewc~umab, New Hope, Kentucky
     Marshall Barnes, Beaver Dam, Kentucky
     H. W. Peters, Superintendent of Public Instruction, Frank-
                 fort, Kentucky
     Garth Ferguson, Commissioner of Agriculture, Frankfort,
                 Kentucky
     G. C. Wells, Paintsville, Kentucky.


                                 "Frankfort, Kentucky
                                 July 21, 1938


           A special meeting of the Board of Trustees of the
     University of Kentucky is called herewith to meet at
     10:30 a.m. of August 3, 1938, in the office of President
     Frank L. M.cVey.  The purpose of this meeting is to
     take such action as may be deemed advisable upon propos-
     als for (a) the refinancing of a lease agreement now in
     force, between the University and the Security Trust