xt7z348gfw2j https://exploreuk.uky.edu/dips/xt7z348gfw2j/data/mets.xml Lexington, Kentucky University of Kentucky 1928126 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, 1928-12-dec6-ec. text Minutes of the University of Kentucky Board of Trustees, 1928-12-dec6-ec. 1928 2011 true xt7z348gfw2j section xt7z348gfw2j 








    Minutes of the Executive Committee of the Board of Trustees
of the University of Kentucky for Thursday, December S, 1928.


     The Executive Committee of the Board of Trustees of the
University of Kentucky met in regulari.onthly session in the
Presidentts Office at 11:30 a.m., Thursday, December 6, 1928.
The following members were present:  Judge R. C. Stoll, James
Park, Senator H. 1. Froman and Mr. Joe B. Andrews.   Meeting
with the Committee were Frank L. McVey, President of the Uni-
versity, and 'Wellington Patrick, Secretary of the Board.


     1, Purchase of Property at Princeton Sub-Experiment Sta-
tions  The followving letter from Dean Cooper was received and
read, and ordered entered in the record:




                                 November 28, 1928


   President Frank L. MoVey
   University of Kentucky

   Dear President MoVey:'

              Dr. Patrick has informed me of the request
   of the Executive Committee that I report to the Presi-
   dent of the University as to the proper execution of
   the deed, etc., in the Princeton purchases.

              If you will refer to my letter to you under
   date of November 12, a statement of the facts relative
   to the purchase is made.   The principal point which should
   be borne in mind is that a note for .36000 was given under
   date of November 8, 1928, payable on or before three years
   after date, with interest at 5 per cent payable semi-an-
   nually:   The purchase price otler than indicated by
   the note has been paid in cash.

              The deeds for the two purchases were pre-
   pared and examined by ber. J. C. Gates, attorney at
   Princeton. He states in a letter that they are in prop-
   er form and that -he title is clear.   The deeds have
   been recorded in the county clerks office of Caldwe4l
   County and hlave been deT;osited. with EIr, Peak, Business
   Agent of the Tiniversity0  I have gone over the deeds




 







2.



   and they seem to me to be in proper form and I am
   confident that they are entirely satisfactory.

                              Yours truly,


                                Thomas Cooper
                                Dean and Director.





     2. Publicity Bureau. The matter of a publicity bureau
for the University was discussed and a motion was made,
seconded and carried authorizing that the President organize
such a bureau.


     3. Explorations by the Department of Archaeology. The
questions of archaeological investigations by the University
was discussed and a motion was made, seconded and carried
authorizing the President of the University to provide a suit-
able fund in the budget for the coming year,


     4.  Salarv of Professor Streyffeler.--. AResident McVey
reported to the Committee that Professor Streyffeler of the
Department of Mathematics recently died.   A motion was made,
seconded and carried that the salary be paid to his widow
for the rest of the academic year.


     5. Members of the Board of Trustees. President IdcVey
made a report on the membership of the Board of Trustees as
follows:  The term of R. J. Bassett expired in January last
year; 7V. J. EHebb's term expired in January of last year.
These two gentlemen are holding until their successors are
appointed. Frank 'LcKee died last April and no one has been
appointed to take his place,.  The matter was discussed but
no action taken.

     6. Fire Escapes.   President 1oVey reported that the
State Fire Department had requested the University to place
fire escapes on White Hall, the Agricultural Building, and
the IMenls Gymnasium.  The matter was discussed and motion
was made, seconded and carried  asking the President to sub-
mit plans and an estimate of the cost of installation,




 








3.



    7.  Tablets on University Buildings.  President McVey
presented to the committee specifications for suitable tab-
lets on McVey Hall and the Memorial Building.  Motion was
made, seconded and carried authorizing the purchase of such
tablets.


    8. Gift by Percy H. Johnston for Research in Heating and
Ventilating.  President M.%cVey reported to the Committee that
a gift had been made by Mr. Percy HI Johnston, President of
The Chemical National Bank of New York, of $10,000.  Notion
was made, seconded and carried that the gift be accepted under
the conditions specified by the donor.   The following letter
from Mr. Johnston was ordamed to be recorded:



                                   December 3, 1928


   Dr. Frank L. HMcVey, President
   University of Kentucky
   Lexington, Kentucky

   Dear Dr. McVey:

             Permit me to tell you how much I enjoyed my
   visit with you and Mrs. McVey on Thanksgiving Day.

             After my call on you I had a fine visit with
   Dean Anderson and I should like to give the University of
   Kentucky $10,O00.00 if the following conditions are ac-
   ceptable to the Trustees:

          "This gift of ten thousand dollars to the Uni-
     versity of Kentucky is for the specific purpose of
     research on the effect of sunlight on plants and ani-
     mals in connection with the atmospheric comfort zone
     determined under the direction of Dean F. Paul Ander-
     son in the Research Laboratory of the Anrerican Society
     of Heating and Ventilating Engineers at Pittsburgh,
     Pennsylvania.   The expenditures for this work are to
     be under the direction of Dean F. Paul Anderson, who
     is authorized to make requisitions on this fund.
     All payments out of this fund are to be made by
     the University *f Kentucky upon requisition of Dean
     F. Paul Anderson and all vouchers are to be kept




 






4.



   as a permanent record. It is my purpose that Dean
   F. Paul Anderson have a perfectly free hand in these
   expenditures for the research stipulated.   It is
   contemplated that the expenditures will include housing,
   apparatus, animals, birds, plants, attendants, scien-
   td.fic observers, and anything else necessary to the
   furtherance of this stipulated research, as directed by
   Dean F. Paul Anderson."

        Just as soon as I can clean my desk of accumulated
   work I shall take up with the Harmon National Foundation
   the matter of the Students' Loan Fund.

                            Best wishes,

                              Sincerely yours,

                                 Percy H. Johnston



     9. Sale of Land to Security Trust Company and Erection
of Two Men's Dormitories.   The following action was taken
with respect to the men's dormitories and the sale of land
to the Security Trust Company;


    A motion was made, duly seconded and unanimously carried
that the Executive Committee, in compliance with the resolu-
tion of the Board of Trustees adopted at its quarterly meeting
held on May 26th, 1928, designate and define the following
described tract of land as the site for the two new dormitories
for men students of the University, toznvit:

       Beginning at a point in the north curb line of
  Washington Avenue 235 feet 8S inches from the inter-
  section of the north curb line of Washington Avenue
  and the west curb line of Rose Street, a new corner to
  the property of the University of Kentucky, and running
  thence with the property of the Tn `'.easity of Kentucky
  for seven lines:  N 44  30 E pab1lei to Rose Street
  and parallel to the front wall of the new dormitory 'IC"
  214 feet 4 inches to a stake; thence at right angles
  S 45 30 0 119 feet to a stake; thence at right angles
  N 44  30 E parallel to Rose Street and parallel to and
  10 feet from the southeast wall of dormitory "B" 63
  feet 5 inches to a stake; thence at right angles N 45
  30 W parallel to and 10 feet from the northeast wall
  of dormitory "B" 120 feet to a stake; thence at right




 






                            5.


  angles S 44 30, W 34 feet 5 inches to a stake; thence
  at right angles N 45 30 W 61 feet 9 inches to a stake;
  thence at right angles S 44 30 W parallel to and 10
  feet from the northwest wall of dormitory "COi 243 feet
  4 inches to a point in the north curb line of Washington
  Avenue, a new corner to the property of the University
  of Kentucky and thence S 45  At S 62 feet 9 inches to
  the place of beginning, and being a part of the property
  conveyed to the party of the first part by two deeds,
  to-wit: The deed of W. H. Scherffius and wife dated
  September 19th, 1919, and recorded in the Office of the
  Fayette County Court in Deed Book 196, Page 376, and
  the deed from Phoenix & Third Trust Company, as Tmustee,
  dated October 8th, 1.923, and recorded in said clerk's
  office in Deed Book 221, Page 487.


     On motion made, duly seconded and unanimously carried,
the execution and acknowledgment of the following deed on be-
half of the University by the Chairman of the Executive Commit-
tee and the Secretary of the Board of Trustees, to Security
Trust Company of Lexington, Kentucky, conveying said above
described site, was approved, ratified and adopted.   Said deed
is in words and figures as follows, to-wit:

     THIS DEED, made and entered into this the 6th day of De-
cemiber, 1928, by and between UNIVERSITY OF KENTUCKY, a Dorpo-
ration, created and existing under and by virtue of the laws
of the State of Kentucky with its principal office in the City
of Lexington, County of Fayette and State of Kentucky, party of
the first part, and SECURITY TRUST COMPANY, a Corporation,
created and existing under and by virtue of the laws of the
State of Kentucky with its principal office and place of busi-
ness in the City of Lexington, County of Fayette and State of
Kentucky, party of the second part,

      WITNESSETH: That for and in consideration of One Hundred
Dollars (lOO.OO), cash in hand paid by the party of the second
part to the party of the first part, the receipt of which is
hereby acknowledged by the party of the first part, and in the
further consideration of the full compliance by the party of
the second part with each and all of the provisions and require-
ments of Chapter 64 of the 1928 Ac'- of -blue General Assembly
of Kentucky, by the party of the second part, simultaneously
with the execution and delivery hereof, entering into a contract
in wwriting, bearing even date herew.lith, \:ith Combs Lumber Com-
pany, a corporation, of Lexington, Kentucky, for the immediate
erection on the property hereinafter conveyed of buildings
with the necessary appurtenances according to plans and speci-
fications, approved by the Board of Trustees of the party of
the first part, and by the execution and delivery by the
party of the second part, simultaneously with the execution




 






8.



and delivery hereof, of a lease, bearing even date herewith,
to the party of the first part of the property hereby con-
veyed, together with the. said buildings contracted to be
erected thereon, for a term of one (1) year from the time said
buildings shall be completed and ready for occupancy, to-wit:
the lst day of September, 1929, with the right and option
in the party of the first part to extend the term of said lease
for a term of one (1) year from the expiration of the original
term of said lease, and for one year from the expiration of
each extended term of said lease, until the original term of
said lease shall have been extended for a total of nineteen
(19) additional years, at a rental which, if paid for the
original term and for each of the full number of years for
which the term of said lease may be extended, will amortize
the total cost of the erection of said buildings and appurten-
ances, and with the right and option in the party of the first
part at the expiration of the original or any extended term
thereof, to purchase said leased premises at a price stated
in said lease which is the bkLance of the total cost of the
erection of said buildings and appurtenances not amortized
by the payment of rent theretofore made by the party of the
first part, the same to be paid on the terms stated in said
lease, and said lease containing the further provision that
in the event of the exercise of said option to purchase said
leased premises, er in the event said lease shall have been
extended for the full number of years which it is agreed the
same may be extended, and all rentals and payments provided
for in said lease have been made, the party of the second part
herein being the lessor In said lease, shall thereupon con-
vey said premises to the party of the first part herein with
covenant of general warranty of title, the said party of the
first part HAS BARGAINED AND SOLD, and by these presents does
hereby GRANT AND CONVEY unto the said party of the second part,
its successors and assighs forever, all that certain tract of
land and building site situated on the campus of the party of
the first part, in the City of Lexington, County of Fayette
and State of Kentucky, and more particularly described and
defined as follows, to-wit:

          Beginning at a point in the north curb line
     of Washington Avenue 235 feet, 8- inches from the
     intersection of the north curb' line of Washington
     Avenue and the west curb lin.  - Rc~ e Street, a
     new7 corner to the property of th; University of Ken-
     tucky, and running thence with the property of the
     University of Kentucky for seven lines: N 44 30
     E parallel to Rose Street and. parallel to the front
     wall of the new dormitoory "C" 214 feet 4 inches `o a
     stake; thence at r gpht angles S 4t  30  IL] 119 feet
     to a staie ; thenco at right angles N 44  30 E parallel
     to Rose Street and pirallel tc:   1..    feet from the
     sou.Gheast wall of dormitory "B't VaI feet 5 ij. ches to




 





7.



    a stake; thence at right angles N 45 30 W parallel
    to and 10 feet from the northeast wall of dormitory
    "3" 120 feet to a stake; thence at right angles S 44
    30 , W 34 feet 5 inches to a stake; thence at right
    angles I 45 30 W7 61 feet 9 inches to a stake;
    thence at right angles S 44 ?0 W parallel to and 10
    feet from the northwest wall of dormitory "Oil 243
    feet 4 inches to a point in the north curb line of
    Washington Avenue, a new corner to the property of
    the University of Kentucky and thence S 45 30 X 62 feet
    9 inches to the place of beginning, and being a part
    of the property conveyed to. the party of the first
    part by two deeds, to-wit:      The deed of W7. H. Scherf-
    fius and wife dated September 19th, 1919, and recorded
    in the Office of the Fayette County Court in Deed Book
    196, Page 376, and the deed from Phoenix & Third Trust
    Company, as Trustee, dated October 8th, 1923, and record-
    ed in said clerk's office in Deed Book 221, Page 487.


    TO HAVE AND TO HOLD the said above described property,
together with all the appurtenances thereunto belonging unto
the said party of the second part, its successors and assigns
forever; and the said party of the first part hereby releases
unto the said party of the second nart, its successors and
assigns, all of its right, title and interest in and to said
pronerty, and covenants to and with the said party of the
second part, its successors and assigns, to WARRANT GENERALLY
the title to the property hereby conveyed.

     IN TESTIMONY OF ALL .WHEREOF, the said party of the first
part has hereunto set its hand by Richard C. Stoll, Chairman
of its Executive Committee, and affixed its seal by Wellington
Patrick, Secretary of its Board of Trustees, this the day
and year first above written, pursuant to a resolution of
the Executive Committee of the party of the first part
adopted on the 6th day of December, 1928.


                              UNIVERSITY OF KENTUCKY

                              BY   7richard C. Stoll
                                  .nairran of its Exe4-0
                                     utive Committee
SEAL

ATTEST:

Wellington Patrick
Secretary of its Board of Trustees




 






8.



STATE OF KENTUCKY,
                     SS.
 COUNTY OF FAYETTE.


      Before me a Notary Public in and for said County, this
 day personally appeared Richard C. Stoll and Wellington
 Patrick, to me known and known to me to be, the Chairman
 of the Executive Committee of the University of Kentucky and
 Secretary of the Board of Trustees of said University of Ken-
 tucky, respectively, the corporation which executed the fore-
 going deed, and severally acknowledged that they did sign
 and seal said instrument for and on behalf of said corpora-
 tion, and that the same is their free act and deed as such
 officers, respectively, and the free and corporate act and
 deed of said University of Kentucky.

      My commission expires on the 31st day of June, 1931.

      IN TESTIMONY WEHEREOF, I have hereunto set my hand and
 affixed my Notarial Seal this the 6th day of December, 1928.


                             Jane J. Nichols
                             Notary Public, Fayette County, Ky.


                                            SEAL


     On motion made, duly seconded and unanimously carried,
the plans and specifications, prepared and submitted by
Warner, Mc~ornack and Mitchell, architects of Cleveland, Ohio,
for the two dormitories for men students of the University to
be erected on said site, were approved,.

     Said Security Trust Company thereupon presented to the
Committee a contract which it had entered into with Combs
Lumber Company of Lexington, Kentucky, for the erection on
said site of two dormitories for men students of the University,
of the character and design and arffording to said plans and
specifications prepared by Warner, McCornack & Mitchell, and
approved by this Committee on or before September 1st, 1929,
for the contract price of i270000.00 to be paid by said Se-
curity Trust Company.   Said contract is in words and figures
as follows, to-wit:

     THIS AGREE142ENT made the third day of December in the
year Nineteen Hundred and Twenty-eight by and between The Combs
Lurber Company of Lexington, Kentucky, hereinafter called the
Contractor, and The Security Trust Company, Lexington,




 





9.



Kentucky, hereinafter called the Owner, WITNESSETH, that the
Contractor and the Owner for the considerations hereinafter
named agree as follows:


Article 1. Scope of the Work -- The Contractor shall furnish
all of the materials and performc all of the work shown on
the Drawings and described in the Specifications entitled
Dormitories "B"' and "W' for the University of Kentucky, Lexing-
ton, Ky., including Excavating and Grading) Mason Work, Con-
crete Work, Structural Iron and Steel, Steel Lockers, Exterior
Marble and Stone,Brick Masonry, Carpenter Work, Tile Work,
Composition Flooring, Sheet Metal Work, Roofing, Painting,
Heating and Ventilating, Plumbing and Sewers, and Electrical
Work, prepared by Warner, MoCornack & Mitchell, Architects,
510 Bulkley Building, Cleveland,.Ohio, acting as and in these
Contract Documents entitled the Architect; and shall do every-
thing required by this Agreement, the General Conditions of
taie Contract, the Specifications and the Drawings,

Article 2.  Time of Completion.    The: work to be performed
under this Contract shall be commenced at once and shall be
substantially completed within one year from the date of this
agreement.


Article 3. The Contract Sum -- The Owner shall pay the Con-
tractor for the performance of the Contract, subject to addi-
tions and deductions provided therein, in current funds as
follows:  Two hundred seventy thousand dollars ($277O,000.00).

Where the quantities originally contemplated are so changed
that application of the agreed unit price to the quantity of
wvork performed is shown to create a hardship to the Owner or
the Contractor, there shall be an equitable adjustment of the
Contract to prevent such hardship.

Article 4.  Progress Payments --   The Owener shall make payments
on account of the Contract as provided therein, as follows:
On or hbout the eighth day of each month ninety per cent of
the value, based on the Contract prices, of labor and materials
incorporated in the 55work and of a.,aterials suitably stored at
the site thereof up to the first ;-. of that month, as estimated
by the Architect, less the aggregate of previous payments; and
upon substantial completion of the entire work, a sum sufficient
to increase the total payments to ninety per cent of the con-
tract pri ceo.
     trac prie ,. ....... .................. .....,....e...P........ .
 (Insert here any provision made or limiting or reducing the
 amount retained after the work reaches a certain stage of com-
 pletion. )




 






10.



Article 5. Acceptance and Final Payment -- Final payment shall
se due sixty days after substantial completion of the work
provided the work be then fully completed and the Contract ful-
ly perorxmed.

Upon receipt of written notice that the work is ready for final
inspection and acceptance, the Architect shall promptly make
such inspection, and when he finds the work acceptable under
the Contract and the Contract fully performed he shall promptly
issue a final certificate, over his own signature, stating that
the work provided for in this Contract has been completed and
is acepted by him under the terms and conditions thereof, and
that the entire balance found to be due the Contractor, and
noted in said final certificate, is due and payable.

Before issuance of final certificate the Contractor shall sub-
mit evidence satisfactory to the.'jrchitect that all payrolls,
material bills, and other indebtedness connected with the work
have been paid.

If after the work has been substantially completed, full com-
pletion thereof is materially delayed through no fault of the
Contractor, and the Architect so certifies, the Owner shall,
upon certificate of the Arthitect, and without terminating the
Contract, make payment of the balance due for that portion of
the work fully completed and accepted.   Such payment shall be
made under the terms and conditions governing final payment,
except that it shall not constitute a waiver of claims,

Article 6.  The Contract Documents --  The General Conditions of
the Contract, the Specifications and the Drawings, together
with this Agreer.ment, form the Contract, and they are as fully
a part of the Contract as if hereto attached or herein repeated.
The following is an enumeration of the Specifications and%'raw-
ings:

Drawings Sheets #1 to 8 inclusive,
General Specifications Pages #1 to 87, Addenda Dated October
  29th, 1928, and November 21st, 1928,
Heating and Ventilating Specifications Pages #1 to 26-H, Addenda
  dated November 21st, 1928,
Plumbing and Sewers Specifications Pages #1 to 29-P, Addenda
  dated October 29th, and November 21st, 1928,
Electrical Work Specifications Pages #1 to 50-E, inclusive.

This contract is based upon the use of 6 Mt.U. heavy bronze
  Battleship Sealex Processed Linoleum floor and base.

The omission of the Duraflex Floors.



The omission of the slate base.




 






11.



The use of tile in place of marble for wainscoting.

The use of Air Cell covering in place of magnesia.

The use of steel pipe in place of wrought iron for both Heating
  and Plurmbing.

The use of bronze instead of paint on pipes and radiators.

The use of Crane plumbing fixtures.

The use of Sims Hot Water Heaters and Tanks.

IN WITNESS 'MnIEREOF the parties hereto have executed this Agree-
ment, the day and year first above written.


                               TI  SECURITY TRUST COMPANY

                               By C. N. LManning, President
                                                Owner



                               THE COiIBIS LUH33ER CO.IPANY
                               Thomas A. Combs
                                         Contract6.o

Approved:

Frank L. M'cVeyJ
President, University
    of Kentucky.




 







                             12.

     On motion made, duly seconded and unanimously carried,
said contract between Security Trust Company and Co.;mbs Lum-
ber Company for the erection of said two dormitories was
approved.
     Thereupon Combs Lumber Comr-an, of Lexington, F~entucky,
presented to the Committee a bond to the Commohwealth of Ken-
tucky for the use and benefit of the University, in the penal
sum of. $75,000.00, being more than. twenty-five per cent of
the contract price for the erection of said trIo dormitories,
with Thomas A. Combs, S. S. Combs, I. ah, Combs, Bill Combs
and J. R. Combs, as suretie.s thereon, for the completion. of
the Voxk of erecting said two dormitories in the: manner and
within the trime eset out in its said contract with Security
Trust GCom,-,pany.  Said bond is in words and f igares; as. follows,
-to-wit~:

KNOW ALL LIZiN BY TMESE PRESENTS:  That win, COBS LUMBER COHIPANY,
a corporation, oftLexington, Kentucky, (hereinafter called
"  nPrincipalT), asprincipal, and THO  A. COBS, S, S. COUBS,
I. N. COLBS, BILL COMB1S AND J. H. COMBS, all of Lexington,
Kentucky, (hereinafter called ISureti,6sll as Sureties, are
held and firmly bound unto the Cqmmon'ves.th of Kentucky for the
use and benefit of the University of Kentucky, (hereinafter
called "Obligee.n)  as Obligee, in the Denal sum of Seventy-five
Thousand Dollars e?75,000.00), good and la-;.ful money of the
United States of America, for the payment of which, well and
truly to be made, we bind ourselves, our heirs, administrators,
executors, successors and assigns, jointly and severally, firmly
by these presentse

     Signed'and sealed 1,iith our seals .na dated the 5th day of
December, 192B.

     Whereas, the above boundenL Prinrcipal has entered into a
certain written contract ri.th Security Trust Company of Lexing-
ton, Kentucky, dated thb 3rd day of December, 1928 ,. to furnish
all materiais -and perfQrm all work:e shbolTn on the drawings and
described in the amended specifica.tions entitled dormitories
'tbtt and  Catc for the University of Kentucky, Lexington, Kentucky,
including excavating and grading, -fn son work, concrete work,
structural steel and iron, steel luckers, exterior marble and
stone, brick masonry, carpenter work, tile. w.ork, composition
flooring, sheet metal work, roofing, painting, heating and
ventilating, plurbing and sever and electrical wrork, prepared
by Warner, IEcCornack and Mitchell, architects, which contract
is hereby referred to and made a Dart hereof as fully and to
the sanle extent as i't copied at 1e :-tl  rrilL




 









13.



     NOW, THEREFOPR, the condition of the above obligation is
 such, that if the above bounden Principal shall wvell and truly
 keep, do and perform, each and every, all and singular, the
 matters and things in said contract set forth and specified to
 be by the said Principal kept, done and performed at the time
 and in the manner in said contract specified, and shall pay
 over, make wood and reimburse the above named Obligee, all loss
 and damage  which said Obligee may sustain by reason of failure
 or default on the part of said Principal, then t-ais obligation
 shall be void; otherwise, to be and remain in full force and
 effect.-


                             COMBS LWIMER COMPANY

                             By Thomas A. Combs
                                     President.

                                 Thoma~s A. Combs       Seal
SEAL

                                    Bill Combs          Seal

S. S. Combs
Secretary                           I. N, Comgibs        Seal


                                   James H. Combs       Seal



S. S. Combs



Seal




 





14.



     On motion made, duly seconded and unanimously carried,
said bond, together with the sureties thereon, was approved
and accepted.
     Thereupon said Security Trust Company tendered to the Com-
mittee a lease, executed.and acknorwledged by io, and for and on
behalf of the University of Kentucky by the President of the
University and the Secretary of its Board of Trustees, leasing
said site, together with the two dormitories to be erected
thereon, to the University for the terin of one year and on the
terms and conditions stated in the resolution of the Board of
Trustees of the University adopted at its quarterly meeting
held May 28th, 1928, which lease is in words and figures as
follows, to-wit:


     THIS LEASE, made and entered into this the 6th day of
December, 1928, by and between SECURITY TRUST COPANY, a
Corporation created and existing under and by virtue of the lawv
of the State of Kentucky, with its principal office and place of
business in Lexington, Kentucky, hereinafter called the lessor,
party of the first part, and the UNIVERSITY O0 KENTUCKY, a Oor-
poration created and existing under and by virtue of thelaws
of the State of Kentucky, with its principal office and place
of business at Lexington, Kentucky, hereinafter called the
lessee, party of the second part.

     WITNESSETH: That for and in consideration of the rent
hereinafter agreed to be paid and the covenants and agreements
hereinafter contained to be performed by the said lessee, the
said lessor has leased and demised and hereby leases and demises
unto the said lessee the following described property, to-wit:

         All that certain tract of land and building site
     situated on the campus of the party of the second part,
     in the City of Lexington, County of Fayette and State
     of Kentucky, and more particularly described and de-
     fined as follows, to-woit:

     Beginning at a point in the north curb line of Washing-
     ton avenue 235 feet 8-1 inches from the intersection
     of tne north curb line of Washl.r'ton Avenue and the west
     curb line of Rose Street, a now corner to the property
     of the University of Kentucky, and running thence with
     the property of the University of Kentucky for seven
     lines: N 44 30 E parallel to Rose Street and parallel
     to the front wall of the new dormitory flCx 214 feet 4
     inches to a. stake; thence at right angles S 45 30 E 119
     feet to a stake; thence at right angles N 44  30 E paral Lel
     to Rose Street and parallel to and 10 feet from the
     southeast w,-!all of dormitory "B" 63 feet 5 inches to a,
     stake; thence at right angles N 45 30 W7 parallel to




 





15.



     and J  feet from the northeast wall of dormitory
     !?311 120 feet to a stake; thence at right angles
     S 44 30 'W 34 feet 5 inches to a stake; thence at
     right angles N 45 30 W 61 feet 9 inches to a stake;
     thence at right angles S 44 30 W parallel to and 10
     feet from the northw-\est wukall of dormitory "'C" 243 feet
     4 inches to a point in the r:-.-'h curb line of Washing-
     ton avenue, a new corner to the property of the Uni-
     versity of Kentucky and thence S 45 30 E 62 feet
     9 inches to the place of beginning, and being the
     same property conveyed to the party of the first part
     herein by the party of the second part herein by deed
     dated the Sth day of December, 1928 and recorded in
     the Office of the Clerk of Fayette 6ounty Court in
     Deed Book Page     0

for the full term of one yea.r beginning on the 1st day of Sep-
tembar, 1929, and ending with the 31st day of August, 1930,
upon the following terms and conditions, each and all of which
are hereby agreed to by the parties hereto:

     (i) The said lessor has entered into a contract in writing
.ith Combs Lumber Company, a corporation of Lexington, for the
erection and completion by said Combs Lumber Company, on or be-
fore September 1st, 1929, of two dormitories for men on the
demised premises in accordance with drawings and specifications
rhich have been agreed on and approved by the lessee, for the
contract price of 6.270,000.00; and it is expressly understood
.ihdniagreed that said dormitories shall be erected and cormpleted
solely at lessor's expense, a copy of said contract is hereto
attached and made a part hereof.

     It is understod and agredd that saeid contract with said
Combs Lumber Company is for the benefit of said lessee, and
that lessee shall have the right, at its own expense, to insti-
tute and prosecute, either in its own name or in the n