xt7rfj299g8z https://exploreuk.uky.edu/dips/xt7rfj299g8z/data/mets.xml Lexington, Kentucky University of Kentucky 19500826 minutes English University of Kentucky Contact the Special Collections Research Center for information regarding rights and use of this collection. Minutes of the University of Kentucky Board of Trustees Minutes of the University of Kentucky Board of Trustees, 1950-08-aug26-ec. text Minutes of the University of Kentucky Board of Trustees, 1950-08-aug26-ec. 1950 2011 true xt7rfj299g8z section xt7rfj299g8z

Minutes of the Meeting of the Executive Committee of the Board
of Trustees of the University of Kentucky, August 26, 1950.

The Executive Committee of the University of Kentucky met in the
President's Office at 2:00 p.m., Saturday, August 26, 1950. The fol-
lowing members were present: Guy P.. Huguelet, Chairman; H. D. Pal-
more, Harper Gatton and d. P. Hobson. Absent: J. C. Everett. Pres-
ident Donovan and Frank D. Peterson, Secretary of the Board, met with
the Committee.

A. Minutes Approved.

Upon motion duly made, seconded and carried, the minutes of the
Executive Committee of July 21, 1950, were approved as published.

B. Fiscal Agent Appointed.

President Donovan reported that the Comptroller had requested
competitive bids from brokers in Kentucky and Ohio to act as fiscal
agent in the preparation and sale of $74,500,00, Revenue Bonds, pro-
ceeds to be used for the purchase of the small dormitory at 456 Rose
Street (Chi Omega dormitory).

Investment houses were requested to submit offers to serve as
fiscal agent, doing all things necessary to set up the bond issue, and
paying all expenses incident thereto, and to submit a guaranteed bid,
thus giving the Executive Committee the option of accepting either
proposition.

President Donovan stated that the competitive bids were opened
at 10:00 A.M.,Central Daylight Time, in the Office of the Comptroller,
and were available for consideration by the Executive Committee. The
following bids were received:

Lexington, Kentucky
August 26, 1950

Board of Trustees
University of Kentucky
Lexington, Kentucky

ATTENTION: Mr. F. D. Peterson,
Comptroller.
Gentlemen;

Pursuant to your letter of August 11, 1950, we submit
the following proposal for setting up and marketing an Is-
sue of $74,500 principal amount revenue bonds to finance
the purchase of the new building located on Rose Street,
containing dormitory and complementary facilities, which

are to be made available for the exclusive use of the "Chi-
Omega Sorority" so long as fees from the student body who
are members of the said Sorority are sufficient to properly
maintain, insure the property, and amortize the Dormitory
Revenue Bonds in the above amount which the University pro-
poses to issue.

It is understood that while it is the purpose of the
University to lease said Dormitory to the student members
of the Sorority that the University will have ownership
and control of this property to the same extent it controls
all of its Dormitories against which Revenue Bonds are now
outstanding. In the event of the failure of said Sorority
to fully rent and occupy said facilities and properly main-
tain same, that any contract between the University and the
Sorority shall not, under any circumstances, prevent the
University from renting all or part of said facilities to
other students of the University.

We offer to finance to the extent of $74,500 REVENUE
BONDS to be designated "UNIVERSITY OF KENTUCKY DORMITORY
REVENUE BONDS (456 ROSE STREET)." The bonds are to be in
multiples of $500.00 each and are to mature in from one to
thirty (30) years as follows:

$2000.00 on October 1, 1951, and $2500.00 hn each
of the years October 1, 1952 to 1980, inclusive,
Bonds are to be dated October 1, 1950, and are to
be callable as follows, on any interest payment
date, in their inverse numerical order, after thir-
ty (30) days published notice:

At 103 to and including October 1, 1956 and there-
after
at 102 to and including October 1, 1961, and there-
after
at 101 to and including October 1, 1966 and there-
after at par,

We and our attorneys will do all of the work in connec-
tion with the preparation of the Bond Issue, including all of
the legal work, printing of the bonds, publicly advertising
same for sale, and will furnish to the successful bidder the
approving legal opinion of recognized bond counsel at no ex-
pense to either the University of Kentucky or the successful
bidder.

As requested in your letter we propose herein to act
as your fiscal agent in accordance with the preceding outline,
with the alternate conditions of a guaranteed bid or the elim-
ination of a guaranteed bid. If this proposal is accepted
without any guaranteed bid on our part, when the bonds have
been sold and delivered to the successful bidder, we are

to be paid a fee of $100C0OO to reimburse us for expenses
incurred and services rendered.

As an alternate, we guarantee to bid at the public
sale for this Bond Issue not less than 102 for the entire
Issue -- bearing interest at 2 3/4% for the first ten ma-
turities, and 3% for the last twenty maturities, providled
said sale is consummated not later than October 1, 1950,
in which event our compensation is to be 2% of the face
amount of the bonds sold and delivered rather than the
$1000.00 above stated.

If, through no fault of ours, the bonds are not pub-
licly advertised and sold on or before October 1, 1950,
then, in that event, if at a later date the bonds are
sold and we bid a price as favorable as the guaranteed
bid herein specified, we are to be compensated in the
same amount and manner as though the bonds had been sold
by that date.

It will be specified in the Notice of Sale that the
bidders will have the right to name their own coupon rate,
or rates, (but no more than two), in multiples of 1/4 of
1%, and in the event our guaranteed bid alternate is ac-
cepted said Notice of Sale will provide that the interest
rates shall be no higher than 2 3/4% for the first ten
maturities, and no more than 3% for the last twenty matur-
ities.

Simultaneously with delivery of the bonds to the suc-
cessful bidder, we are to be paid the fee due us.

In accepting this proposal kindly specify whether
alternate proposal No. 1 -- containing a no bid guarantee,
or alternate proposal No. 2 - containing the bid guarantee
-- is accepted.

Respectfully submitted for your action on August 26,
1950, at 1:30 P.M.

THE BANKERS BOND CO,

SECURITY & BOND COMPANY

By action of the Board By
of Trustees (the Execu- W. R. Springate
tive Committee of the
Board of Trustees) alternate
proposal No. 2 as set forth
in the foregoing letter is
accepted on the 26th day of
August, 1950, by President
University of Kentucky.

August 26, 1950

University of Kentucky
Office of the Comptroller
Lexington, Kentucky

Gentlemen:

It is our understanding that the University of Ken-
tucky wishes to finance the purchase of a new building
located on Rose Street which will be used as a sorority
house. To accomplish this an expenditure of approximate-
ly $74,500OOO more or less will be required, and in order
to be of assistance in working out this program, we now
submit to you the following proposal for acceptance or
rejection:

(1) We will employ a recognized bond counsel and
will cause them to prepare for your adoption
and execution all the necessary resolutions,
leases, mortgages and other instruments to
issue and sell approximately $74,500.00 more
or less, revenue bonds.

(2) We will cause the new bonds to be advertised
for sale at a competitive sale in full compli-
ance with the law, We agree that we will
pay the expenses incident to the carrying out
of this sale, including the fees of our counsel,
cost of printing the bonds, recording fees.
cost of advertising and holding the sale, ex-
cept that you are to furnish us free of cost
title examinations or abstracts executed by
your attorney as may be required by our coun-
sel.

(3) You are to cooperate with us in furnishing any
information which is needed and which is request-
ed in connection with the issuance of said bonds.
We agree to proceed in said matter with all rea-
sonable promptness toward the end of holding
said public sale of bonds.

(4) As compensation to us for our services and ex-
penses and for the fees of our counsel simul-
taneously with the delivery of the bond to the
successful purchaser you are to pay us a sum equal.
to l % of the face amount of the bonds issued.

(5) We reserve the privilege of submitting a bid for
the bonds when offered at public sale.

Respectfully submitted
HOLTON, FARRA COMPANY
W. E. HUTTON AND COMPANY
WILSON, TRINKLE COMPANY,INC.

(Signed) By John B. Farra
Agent.

The members of the Executive Committee considered the offers and,
after due consideration, upon motion duly made, seconded and carried,
the guaranteed bid submitted by the Bankers Bond Company, Louisville,
Ky., and Security and Bond Company, Lexington, Ky., was accepted, and
President Donovan was authorized to sign the proposal submitted by
this Syndicate.

The Comptroller explained that the fiscal agent would be request-
ed to have prepared the necessary papers authorizing the bond issue,
and have same available for consideration by the full Board on Sep-
tember 19, 1950. He also stated that, in order to eliminate the ne-
cessity of a special called meeting to consider the sale of the
bonds, the Fiscal Agent would be requested to advertise the issue in
The Bond Buyer and the Louisville Courier-Journal, and have same avail-
able for consideration by the Board at its meeting on September 19.

C. Resignation of Dr. Louis A. Pardue.

President Donovan reported, with regret, to the Executive Commit-
tee the resignation of Dr. Louis A. Pardue, Distinguished Professor
in the Department of Physics, and Dean of the Graduate School. He
submitted the following letters:

August 24, 1950

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

Dear Dr. Donovan:

With great poignancy, I am herewith submitting my
resignation as Dean of the Graduate School, asking that it
become effective on October 15, 1950O

It is with much regret that I would sever the long,
pleasant and personally helpful relationship with the Uni-
versity, but as you know from our recent conferences I have
had an offer from Virginia Polytechnic Institute to become
Vice-President and Dean of the Graduate School which it
appears I should accept.

I shall always be glad to perform any service I am cap-
able of for you and the University which I shall always hold
in high esteem and deep affection.

Respectfully yours,

(Signed) Louis A. Pardue.

______________________

August 26, 1950

Dean Louis A. Pardue
University of Kcntucky

My dear Dean Pardue:

Your letter of resignation as Dean of the Graduate
School, University of Kentucky, came this morning. I
shall submit it to the Executive Committee of the Board
of Trustees at the meeting here today.

May I take this means of recording my profound re-
gret that you are severing your connection with the Uni-
versity. For many years you have been a student, a
teacher, and more recently, a dean of this institution.
You have made a distinguished record in every capacity
in which you have been connected with your Alma Mater.
The University has watched you grow from a freshman
student to one of the most distinguished physicists in
America and it has had pride in your development.

As a result of the ability that you have displayed,
you were selected to become the Dean of the Graduate
School upon the deatl of Dr.Funkhouser. Since assuming
that office you have distinguished yourself as an adminis-
trator as well as a great teacher and researcher. The
University can ill afford to lose your services; however,
as you well know, our salary schedule at the University
Is such that we could not meet the competition of Vir-
ginia Polytechnic Institute for your services.

May I congratulate you upon the fine position you
have been offered by V. P. I. I know that you will render
outstanding service to that institution, as you have to the
University of Kentucky. I wish for you many years of hap-
py and constructive work in your new position. Our love
and best wishes go with you and Mrs. Pardue as you leave
Kentucky. We trust you will return home often in the fu-
ture.

Cordially yours,

(Signed) Ho L. Donovan
President,

Upon motion duly made, seconded and carried, the resignation of
Dean Touis A. Pardou was accepted with regrets and deep appreciation
for the fine services he has rendered to this institution during his
tenure.

D. Dr. Herman E. Spivey Appointed Dean of the Graduate School.

President Donovan stated that Dr. Herman E.Spivey came to the Uni-
versity in August, 1948, as head of the Department of English, and
since that time he has won the confidence and esteem of his colleagues
by his fine sense of values, his professional zeal and by the friend-
ly and cooperative manner with which he works with others. Under his
leadership, the staff of the English department has been enlarged and
strengthened, productivity in research has increased significantly,
and the reputation of the department among other universities has been
materially enhanced. A series of lectures by outstanding literary
figures has attracted much attention and contributed in an important
way to the cultural program of the University,

The President stated further that Doctor Spivey is a native of
South Carolina, He received his undergraduate degree from the Uni-
versity of North Carolina in 1928. In 1929 he was awarded the degree
of Master of Arts, and in 1936, the degree of Doctor of Philosophy,
both from this same institution, With the exception of the war period,
he taught at the University of Florida in the Department of English
from 1930 to 1948, being promoted during that time through the ranks
of instructor, assistant professor, associate professor, and professor.
He served during World War II in the U. S. Navy completing his service
at the rank of Commander,

President Donovan noted that Doctor Spivey is the author or co-
author of five books and has done much bibliographical and editorial
work, contributing a number of important articles to professional jour-
nals. His field of special interest is American literature,

The President said that he had considered a number of men for the
position of Dean of the Graduate School, which Doctor Pardue is vacat-
ing to accept the vice presidency of Virginia Polytechnic Institute,
and, after consultation with the deans of the several colleges of the
University and with others on the campus, had decided that Dr. Herman
E. Spivey possessed to a very high degree the qualifications we need
in a dean of a graduate school, He said that he was, therefore, recom-
mending the appointment of Doctor Spivey, effective as of October 1,
1950,

After some discussion, the members of the Executive Committee,
upon motion duly made, seconded and carried, upon the recommendation
of President Donovan, authorized the appointment of Dr. Herman E. Spivey
as Dean of the Graduate School, effective October 1, 1950O

E. Report of the Comptroller.

The Comptroller made financial report of the University for the
fiscal year ended June 30, 1950. He submitted balance sheet of the
University funds as of June 30, 1950, together with supporting state-
ments of budget and fund operations for the fiscal year.

It was further stated that the books for the fiscal year had been
closed, and that adjustments of encumbrances had been made as of Sep-
tember 30, 1950, as provided by statute.. A statement of current re-
stricted funds was included in the Report.

After due consideration by members of the Committee, upon motion
duly made, seconded and carried, the recommendation of the Comptroller
was authorized received and filed,

F. Budget Adjustment, Experiment Station.

President Donovan stated that he was in receipt of communication
from Dean Thomas Cooper requesting an increase in the appropriation for
the Plant Fund,

President Donovan recommended that the Plant Fund budget of the
Agricultural Experiment Station be increased by a total appropriation
of $138,60000., to take care of the following items,

Fencing D.K OuOi'Of: O9 OO ; eQ $ 1,500

Tiling Wet Land ... 700

Parking Space, Dairy Center .... 2,000

Construction of Roadways 15,000

Completion of Sheep Barn 0O 00O 2,500

Construction of Brooder House 00 000000 8,500

Remodeling of Agricultural Engineering
Building 00 e c 0 0 75,000

Other Necessary Improvements e 25,000

Constructlon of Barn at West Kentucky
Sub-station C 0e0.0e00D1 3,400

Addition to the Water System at West Ken.-
tucky Sub-station X0,000,O0 5,0000

President Donovan explained that the funds were available to the
*agricultural Experiment Station, and recommended that the request be
granted. I

Upon motion duly made, seconded and carried, the sum of $138,600
was authorized appropriated out of the unappropriated surplus of the
Agricultural Experiment Station budget, $30,200 from the Farm Fund;
$100,000 from the Fertilizer Fund, and $8,400 from the West Kentucky
Substation Miscellaneous Fund.

G. Breakage Fee for Department of Zoology Approved.

President Donovan reported that he was in receipt of a recommenda-
tion from Dean White, approving a request of Dr. J. M. Edney, Acting
Head of the Department of Zoology, requesting authorization for the
collection of a breakage fee in the Department of Zoology. It was
explained that the Department suffers a considerable loss each year,
due to breakage of slides and other laboratory materials by students.
Doctor Edney requests that each student be required to make a deposit
of $5.00 to the Comptroller's Office, in order that the Department
may charge to the students taking work in the Department of Zoology the
cost of lost keys, broken slides and other equipment used in Zoology
courses.

President Donovan recommended that the collection of a breakage
fee be authorized, and upon motion duly made, seconded and carried,
the recommendation of the President was concurred in.

H. Brock and Johnson Architects' Fee Considered.

President Donovan recalled that, at the last meeting of the Execu-
tive Committee, he reported that Brock and Johnson, architects for the
new Science Building, had been paid a fee for plan preparation and
specifications upon a basic building cost of $1,500,000, this being the
amount which the University had requested as an advance from the Fed-
eral aorks Agency for plan preparation and specifications of the new
Science Building. He also recalled that the basic building cost had
been, after various conferences, fixed at $1,860,000. He stated that
Mr. Johnson, representing the firm, had been contacted with the view
of getting an agreement that the firm would wait until the building was
constructed for a part of the balance of the fee due for plan prepara-
tion and specifications. The firm was not receptive to this solution
of the problem.

Mr. Ernst V. Johnson, of the firm of Brock and Johnson, requested
permission to discuss the matter with members of the Executive Commit-
tee. Mr. Johnson was invited to the meeting, and distributed to mem-
bers of the Executive Committee a mimeographed statement which he con-
s'idered represented a recapitulation of the facts, in chronological
order, concerning the basic fee for the new Science Building, his con-
tention being that the firm had aided in the preparation of an applica-
tion for advancement of funds for the construction of a building to cost
$1,500,000, and that, before the architects' firm began to prepare

lans and specifications, the basic building cost was fixed at
1,750,000. He further contended that, by an agreement, the basic
cost was increased by the sum of $110,000 to take care of electrical
and other equipment which was provided for in the plans and specifi-
cations. It was clear that a misunderstanding existed, and after long
consideration, a compromise was agreed to.

Upon motion duly made, seconded and carried, the firm of Brock
and Johnson was authorized paid, at this time, a fee of 3% on a basic
building cost of $1,750,000, and the fee of 3% on the increase of
$110,000 to the original basic building cost was ordered withheld until
the Science Building is constructed, at which time the firm will be due
an additional fee of $3,300.00, the total of which is a fee of 3% for
plans and specifications upon a basic building cost of $1,860,000.

Mr. Johnson agreed to this solution, thanked the Executive Commit-
tee and left the meeting.

I. Loss of Royal Typewriter Reported.

Mr. Peterson stated that Dr. Niel Plummer, head of the Department
of Journalism, had reported the theft of a new Royal typewriter, KMG
393 1078, from room 115, Journalism Building. Mr. Peterson stated fur-
ther that city police had been notified and the pawn shops had been
checked. He said that the Department of Journalism had been requested
to see that typewriters are securely fixed to desks, so as to make it
more difficult for such instruments to be removed from classrooms.

Upon motion duly made, seconded and carried, the information was
received and ordered recorded.

J. Loss of Wheelbarrow Reported.

Mr. Peterson reported that Dr. William S. Webb, head of the Depart-
ment of Anthropology, had reported the loss by theft of a wheelbarrow,
the property of the Department of Anthropology. He stated that Doctor
Webb and others under his supervision are excavating an Indian mound in
Dover, Kentucky, in Mason County; that some tools used in connection
with excavation work are locked in a tool house at night, but the build-
ing is too small to accommodate larger instruments; and that at some
time during the night of August 13, the wheelbarrow was stolen from the
project.

The incident was reported to the sheriff of Masor County and called
to the attention of the State Police operating in that vicinity.

Upon motion duly made, seconded and carried, the information was
received and ordered recorded.

K. Cut-Off Saw Authorized Sold.

Mr. Peterson reported that the College of Engineering owns one cut-
off saw, manufactured by E. Atkins, Inc., Indianapolis, Indiana, Style
18-F, Serial Number 218. This machine is surplus to the needs of the
College of Engineering and is old, and the Comptroller requested per-
mission to take competitive bids and dispose of the machine.

On motion duly made, seconded and carried, the Comptroller was
authorized to take competitive bids and dispose of the machine.

L. Request to Borrow Water Tanks Denied.

President Donovan reported that Mr. Paul Jacoby, representing the
Community Recreation Association of Lexington and Fayette County, had
requested the loan of two steel water tanks, these tanks to be used
by the Community Recreation Association for the period of approximate-
ly six months at the recreation area near the Airport on the Ver-
sailles Pike. Mr. Peterson stated that the tanks were surplus to the
needs of the University and might be lent or sold.

Upon motion duly made, seconded and carried, the request was de-
nied, and the Comptroller was authorized to take competitive bids for
the water tanks, and accept the highest and best bid.

M. Injury to Jesse Mack.

Mr. Peterson reported an accident to Jesse Mack, janitor in the
Memorial Coliseum. Mr. Mack was cleaning in back of fans and blow-
ers located inside the building. It was dark and he was unable to
see where he was stepping. A nail pierced his foot. He was taken
to the Health Dispensary, and later to the Good Samaritan Hospital
where. he was given treatment. The Hospital has submitted an invoice
for services rendered in the amount of $4.00. Mr. Peterson recommend-
ed that the account be paid, and upon motion duly made, seconded and
carried, the invoice of the Good Samaritan Hospital in the amount of
$4.00 was authorized paid from the College Collection Fund, with the
expressed understanding that the action on the case was without com-
mitment as to future action of the Committee, and it did not establish
a precedent and did not admit negligence or liability in paying
this bill.

N. Injury to Wilbur Cecil Fisher.

Mr. Peterson reported an accident to Wilbur Cecil Fisher, employe
in the Electrical Shop. Mr. Fisher injured his left hand while drill-
ing a piece of metal. Ten stitches were required to close the wound.
He was unable to work for five days, which time was charged to accident
and sick leave. The Health Dispensary was not open and Mr. Fisher
was taken to the Good Samaritan Hospital, which submits an invoice of
$8.75 for services rendered.

Mr. Peterson recommended that this account be paid, and upon mo-
tion duly made, seconded and carried, the invoice of the Good Samaritan
Hospital, in the amount of $8.75 was authorized paid from the College
Collection Fund, with the expressed understanding that the action on
the case was without commitment as to future action of the Committee,
and it did not establish a precedent and did not admit negligence or
liability in paying this bill.

0. Mr. E. B. Farris Given Permission to Do Outside Work.

President Donovan stated that he was in receipt of a request from
Mr. E. B. Farris, approved by Mr. Frank D. Peterson, to accept a small
amount of consultation work with the firm of Gillig, Watkins and Wil-
son. It was explained that Mr. Farris' services are urgently needed
because of the pressure of time, and that persons qualified to do this
type of work are not generally available in this community at this
time. He stated that it would not interfere with Mr. Farris' regular
duties, as the work would be done at night and during such vacation
time as had been earned.

President Donovan read letters from Mr. Farris, Mr. Peterson and
S. T. Danks, representing Gillig, Watkins and Wilson, and recommended
that the request be approved.

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

P. Gifts:

From Plantmix Asphalt Industry of Kentucky
-- $500.00,

President Donovan presented check for $500.00, made payable to
the Kentucky Research Foundation by the Plantmix Asphalt Industry of
Kentucky. He stated that this sum covers the renewal of a scholar-
ship for the 1950-51 school year, and recommended that it be accepted.

Upon motion duly made, seconded and carried, the sum of $500.00
donated to the Kentucky Research Foundation by the Plantmix Asphalt
Industry of Kentucky was ordered accepted, and the President was re-
quested to thank the donors on behalf of the University of Kentucky.

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 Bureau. He
stated that this gift covers the renewal of the Mason County Farm Bu-
reau scholarship for the 1950-51 school year, and recommended that it
be accepted.

On motion duly made, seconded and carried, the recommendation of

the President was concurred in, and he was requested to write a letter
of appreciation to the donors.

From National Engineering Company of Chicago,
Illinois -- $2,000.00.

President Donovan presented check for $2,000.00 made payable to
the Kentucky Research Foundation by the National Engineering Company
of Chicago, Illinois. He stated that this sum is to be used to cover
a research project dealing with the reclamation of discarded foundry
sands, and would be deposited in a new account to be known as the Na-
tional Engineering Company Project. He recommended that the gift be
accepted, and upon motion duly made, seconded and carried, the gift
of $2,000.00 to the Kentucky Research Foundation from the National
Engineering Company of Chicago, Illinois, was ordered accepted, and
President Donovan was asked to write a letter of appreciation to the
donors.

From Mr. and Mrs. E. L. Rees -- Doll Collec-
tion.

President Donovan commented with some gratification on the gift
to the University by Mr. and Mrs. E. L. Rees, Coral Gables, Florida,
of their collection of costume dolls. He explained that this collec-
tion' had been brought together over a period of many years and said
that great discrimination had been used in the assembling of it. He
said further that the collection was worthy of exhibition in any museum,
and that the University would see to it that the dolls were kept in a
safe place where the general public would be able to see and enjoy them.
He recommended that the gift be accepted, and upon motion duly made,
seconded and carried, the recommendation of the President was concurred
in and President Donovan was requested to express to Mr. and Mrs. E. L.
Rees, of Coral Gables, Florida, the appreciation of the Executive Com-
mittee for their very fine gift to the University.

From Kroger Foundation -- $800.00.

President Donovan presented check for $800.00, to be used to cov--
er four $200.00 scholarships under the Kroger Scholarship Plan for
1950-51. He explained that this is a continuation of the grant that
has been made annually since 1947 and he recommended its acceptance.

Upon motion duly made, 'seconded and carried, the recommendation
of the President was concurred in, and President Donovan was requested
to write a letter of appreciation to the donors.

From The Buckeye Cotton Oil Company, Cincin-
nati, Ohio -- $2,000.00.

President Donovan reported a gift of $2,00000O from The Buckeye

Cotton Oil Company, Cincinnati, Ohio, to be used for the support of
animal research on the importance of the fat content in soybean oil
meal for fattening steers in drylot. He stated that this generous
contribution would materially assist in forwarding plans for a feeding
test with soybean oil meals in our Animal Husbandry project No. 30,
and recommended its acceptance.

Upon motion duly made, seconded and carried, the recommendation
of the President was concurred in, and President Donovan was requested
to write a letter of appreciation to the donors.

From the Sears-Roebuck Foundation -- Checks
for $2200.00 and $800