Minutes of the Resulrnr Monthly Meeting of the Executive Com-
mittee for October 15, 1923.



     The 3 xecutive Committee of the Board of Trustees of the Uni-
ver-sity of Kentucky met in regular monthly session in Judge Stoll's
office on Tuesday, October 1;, at 7:30 p. m.   "hose present were:
R. C. Stoll, Georpe Colvrin and H. 1,5X Fromqn.  Frank L. MI-Vey,
president and Melington '-trick, 'secretary of the Board were also
present.

     I.1 a sketBall BuiI.-. :.  a committee from the Alumni Asso-
ciation and Athletic Couno-l was present, the following persons
being representatives from those organizations:  Dr. W. D. Funk-
houser, chairman of the Athletic committee; Kr. George B. Carey,
chairman of the executive campsign committee of the Alumni Associa-
tion; i.r. Du ncn Hamilton of the Alumni Association; and Mr. J.
White Gu-7n.  The committee from the Alumni Association formally
requested the Executivo Committee to enter into a contract for
the erection of a Basket Bell Building.   M!r. Carey made the fol-
lowing statement: That R contract had been signed for the erec-
tion of a basement to the Bas t Ball Building at a cost of $20,000;
that the Alumni had set aside .i40,000 from the campaign funds to
be applied on a Basket Ball Buildine; that the total cost, accord-
Ing to present plans, of a Bnqket Ball Building should be about
,56&,OOO and -ould not exceed ;60,000; that the plans of the Alum-
pi to pay for the building Pre as follow.ts:  (1) To appropriate
3;40,000 from the campaign funds of the Alumni, and (28 to take
the receipts of the Athletic Council from basket ball games for
the present year and apply these receipts on the payment of any
deficit that may exist after the 440,000 has been paid.   He esti-
mated that the receipts for 'he present year from basket ball will
approximate 4`10,000.  He wanted the executive Committee of the
Board of Trustees to sign e contract for the superstructure of the
Basket Ball Building in order that there may be no loss in time
of the erection of a building.   Dr. 'i. D). Funkhouser made a
statement to the L-ecutive Committee, saying that he regards it
as a fairly correct estimpte that the rescipts from bashet ball
for the current year     'beill e as much as `10,000; that the Athletic
Council will acres to Pppl7 It hose receipts to the payment of any
deficit incurred. on the Fas-.et BPll Building in excess of $40,000
and that the Athletic Council .il1 not only ripply such receipts
for the current year, but will continue to make payments until
the building is paid for.

      The members of the Executive Committee of the Board of Trus-
 tees then discussed the matter of a building at length and on
 motion by IMr. Colvin, seconded by Mr. Froman, the following reso-
-Aution was authorized and adopted: