Minutes of the Meeting of the Board of Trustees, University of
Kentucky, July 24, 1945.

     The Board of Trustees of the University of Kentucky met in the
President's Office at 10:10 a.m., Tuesday, July 24 1945, pursuant
to adjournment of meeting of Board of Trustees of Lay 28, 1945.
The following members were present: Governor S. S. Willis, Judge
Richard C. Stoll, Mrs. Paul G. Blazer, John Fred Williams, H. D.
Palmore, Grover Creech, H. S. Cleveland, J. 0. Everett, Robert Twar',
Harper Gatton and R. P. Hobson.  Absent were: T. H. Cutler, John
Cooper, Judge H. W. Walters and Elliott Robertson. President H. L.
Donovan Comptroller Frank f. Peterson, Secretary of the Board and
Mr. M. %T Sternberg, Assistant Attorney General, met with the


     A. Approval of Minutes.

     The minutes of the Board of Trustees of May 28, 1945, were ap-
proved as published.


     B. Budget Changes.

     President Donovan recommended that $3600 be added to the budget
of the Department of English; that $750 be added to the budget of the
Personnel Office to make possible a full-time clerk; and that $800
be appropriated from the Haggin Fund for additional work of the Uni-
versity of Kentucky Press.    The Board heard the recommendation and
took the following action:



             1. Upon motion duly made, seconded and carried,
                the sums of $3600 and $750 are ordered added
                to the respective budgets, and appropriated
                from unappropriated surplus of the general
                University budget, and $800 is appropriated
                from the Haggin Fund for additional work
                of the University of Kentucky Press.
                          * * * * * * * * * *

     C. Refunding of PWA Bond Issue of 1936.

     The Comptroller explained to the members of the Board of True
tees that J. J. B. Hilliard & Son and Armistead Brothers of Louis-
ville, Kentucky, had proposed to refund PWA bond issue of the Uni-
versity.   He stated that the bonds were originally issued in 1936
non-callable, and that it would be impossible for the Uriversity
to re-finance except for the fact that all of the unpaid bonds of