xt7zw37kqm2k https://exploreuk.uky.edu/dips/xt7zw37kqm2k/data/mets.xml Lexington, Kentucky University of Kentucky 19500919 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, 1950-09-sep19. text Minutes of the University of Kentucky Board of Trustees, 1950-09-sep19. 1950 2011 true xt7zw37kqm2k section xt7zw37kqm2k
Minutes of the Meeting of the Board of Trustees of the University
of Kentucky, September 19, 1950.
The Board of Trustees of the University of Kentucky met in the
President's Office at 10:00 a.m., Tuesday, September 19, 1950. The
following members were present: Governor Earle C. Clements, Chairman;
Mrs. Paul G. Blazer, Dr. W. M. Coffee, George M. Cheek, T. H. Cutler,
Paul M. Basham, Harry F. Walters, Carl Dempewolfe, Guy A. Huguelet,
Boswell B. Hodgkin, J. C. Everett, J. Woodford Howard, Harper Gatton
and H. D. Palmore. Absent: R. P. Hobson. President H. L. Donovan
and Secretary Frank D. Peterson met with the Board.
A. Minutes Approved as Published.
The minutes of the Board of Trustees of May 30, 1950, and the
minutes of the Executive Committee for June 23, July 21 and August 26,
were approved as published.
B. Comptroller's Report.
The Comptroller made financial report for the accumulated period
July and August, 1950.
UNIVERSITY
LEXINGTON
Office of the Comptroller
OF KENTUCKY
September 16, 1950
Dr. H. L. Donovan, President
University of Kentucky
Lexington, Kentucky
My dear Doctor Donovan:
I submit herewith a balance sheet of University funds as of
August 31, 1950, together with statements of fund and budget opera-
tions for two months ended on the same date.
Income realized during the period amounted to $2,122,545.45.
This amount was 29.6% of the budget estimate of $7,181,674.51.
General fund expenditures during the period, together with
outstanding encumbrances amounted to $1,117,668.41 which is 15.5%
of departmental appropriations. Plant fund expenditures and en-
cumbrances totaled $75,816.61.
Loan endowment and agency fund balances amounted to $345,302.34,
of which 6279,081.96 was invested in securities. These funds were
credited as follows:
Fund
Loan Fund
Endowment Fund
Agency Fund
Principal Income
$ 56,297.61 $ 21,419.99
198,428.18 2,307.35
66.849.21
Total
$ 77,717.60
200,735.53
66.849.21
$254.725.79 $ 90.576.55 4
Respectfully submitted,
Frank D. Peterson
Comptroller
Total
University of Kentucky
BALANCE SHEET
As of August 31, 1950
A S S E T S
Agricultural
Experiment
Station
Agricultural
Extension
Division
Current Funds:
General:
Cash in bank $
Petty cash advs.
State Allotments:
1, 82. 55
560 .00
Current yr. 407,426.50
Prior yr. 70,547.04
Revoll.funds 577,222.88
Receivables 12,898.31
Inventories 596,265.63
Deferred chgs. 111,768.20
Unreal. income 3,410,362.52
Total Gen. '-5 .188,883.63
6'3, 651.50 $
199,370.10
2,483.13
410,249.50
410,472.96 :j,
63,376.54
27,910.00
758 246 14 859,240.96
1l4670910:37 $1 333,090.46 8
431,Y957 Ol
560.00
670,173.14
73,030.17
937)472.38
12,898.31
624, 175.63
111,768.20
75,927,884962
-7 a989,a884.46
Restricted:
Cash in bank
Petty cash adN
Investments
Total Re-
stricted
Total Cur-
rent
Plant Funds:
Unexpended:
Cash in bank
Revolv.funds
Unreal.Income
Total Un-
expended
Investment in
Construction
authorized
Fixed assets
Total-In-
vested
Total-Plant
Other Funds:
Cash in bank
Notes receiv.
Investments
Total other
funds
Total Assets
VS .
523,413.71
12,920.00
689.744.05
92,256.14
200.00
15,000.00
$
248,418.46 $
864,088.3'
13,120.00
704,744.05
$ 1,226,077,76 $ 107j456 14 $ 248,418.46 $ 1,581,952.36
$6,414,961.39 $1,*5?5,366. 51 $1, 5B1*508. 92 $ 9,571 836.82
$ 2,350.26 $ 2,350.26
$ 733,595.24 45,501.75 779,096.99
31,279.44 31_ __279_G44
$ 764,374.68 L 47,852.01 $ 812__726_.69
Plant:
$ 225,000.00 $ 225,000.00
25,498,340.61 $2,711,576.99 _2B,209,917.60
.25.723,340.61 $2 711. 76.99 $28 434 917.60
326,488, 215 29 $2,759 429.900 _29_247644_29
Loan Endowment Agency
$ 5,977.60 $ 4,653.57 $ 51,849.21 $ 62,480.38
3,740,00 3,740000
68,000.00 196,081.96 15,000.00 279,X08196
$ 77,717.60 $ 200,735.53 $ 66,849.21 $ 345,302,34
839 164 783 45
Division
of
Colleges
Total
University of Kentucky
BALANCE SHEET
As of August 31, 1950
L I A B I L I T I E S
Agricultural
Experiment
Station
Agricultural
Extension
Division
Current Funds:
General:
Res.for encumbrances:
Current yr. $ 198,833.37 $
Prior yr. 177,733.90
Res. for inven-
tories
Other liabili-
596,265.63
ties 111, 768.20
Unapprop.surplus 319,691*19
ApproD. bals. 3,784.591.34
Total Gen.
Restricted:
Out stand. cks.
Re str.bals.
Total Restr,
Total Cur-
rent
47,101.87
26,594.93
245,935.24
204,328.83
27,910.00
391,457.70
974.845.87
$ 13,137.52
1.319.952.94
624,175.63
111,768.20
724,286.41
6.079.390.15
5 6,188 883.63 1. 467 910.37 11.333.090.46 $ 7,989,884.46
5,323.78 $ 5,323.78
1.220,753.98 j 107,456,14 it 248418.46 1,576,628.58
1 '226,077.76 j 107.456.14 t 248.418.46 $ 1,581,952.*6
$ 6,414,961.39 $1,575,366.51 41.581,508.92 S 9.571,836.82
Plant Funds:
Unexpended:
Res.for encumbrances:
Current yr. $ 2,075.00
Prior yr. 420,081.50
Surplus funds 3,202.66
Appropr.bals. 339.515.52
Total Unex-
pended
Investment in
Bonds payable
Net invested
Total in-
vested
Total Plant
Other Funds:
Bal.as to
principal
Bal.as to
income
Total other
funds
Total LiabilitJ
13,801.86
20,318.46
5,131.86
8.599.83
$ 15,876.86
440,399.96
8,334.52
348.125.35
$ 764,874.68 $ 47,852.01 $ 812,726.69
Plant:
$ 864,00o.0*00 2,864,000.00
22,859.340.61 2,711.576.99 25,570,917.60
125,723 340.fil $2711.576.99 $28_434_917 60
J26,488,215.29 j2,759,429.00 829_247 644.29
Loan Endowment Agency
$ 56,297.61 $ 198,428.18 $ 254,725.79
21,419.99 2,307.35 66 49-1 90.576.55
$ 77,717.60 $ 200,735.53 $ 66,849.21 $ 345,302.34
.es 039.164.783.45
Division
of
Colleges
Total
University of Kentucky
STATEMENT OF CHANGES IN UNAPPROPRTATED SURPLUS AND SURPLUS PLANT FUNDS
For the Current Fiscal Period which began
July 1, 1950 and ended August 31, 1950
Division of Colleges
General
Plant
Total
Balance, July 1, 1950
Additions:
Encumbrance liquidations
Estimated income
Total additions
Total credits
Deductions:
Encumbrance liquidations
Appropriations
Total deductions
9 539,02r.92 $ 195,845.69 $ 734,873.61
$ 6,104.24 $ 6,104.24
t4.283807.37 202 783.00 4 , 486 , 590.37
4-,283,s807.*37 $ 208,887 @24 $4,@492, 694.t61
$4822,83529 $404732.93 5,2527X568.22
$ 29,966.64 $ 29,966.64
4,473,177.46 $401253027 4.874.707.73
$4 503,144.10 i 401 52Q v27 $4 904 674.37
Balance, August 31, 1950
3.202.66 9 322.893.85
Agricultural Experiment Station
General Plant
Balance, July 1, 1950
Additions:
Encumbrance liquidations
Transfers
Estimated income
Total Additions
Total Credits
Deductions:
Transfers
Appropriations
Total Deductions
Balance, August 31, 1950
426,355.15 $ 13,001.69 $ 439,356.84
$ 3,299.51 $ 5,131.86 $ 8,431.37
9,400.00 9,400.00
1 136 602.21 1,136 602.21
1 139.901.72 $ 14 *531.*86 1,L154 t433.t58
$1l,5.66,*256.B 7 $ 27,s533.*55 $1 *593,*790,r42
$ 9,400.00 $ 9,400.00
1,165.399 17 X*2j24169 1,187.800.86
$1 174,799.17 j22,401.69 $1 197 200.86
$ 391.457.70 $ 5.131.86 $ 396.859.56
Total
9 319.691.19 S
University of Kentucky
STATEMENT OF CHANGrES IN UNAPPROPRIATED SURPLUS AND SURPLUS PLANT FUNDS
For the Current Fiscal Period which began
July 1, 1950 and ended August 31, 1950
Division of Colleges
Agricultural Extension Division
General
Balance, July 1, 1950
Plant
2.711.30
Total
A P. -71T - 0
271:L2o
Additions:
Encumbrance liquidations
Estimated income
Total Additions
Total Credits
Deductions:
Appropriations
Total deductions
Balance, August 31, 1950
$ 10,426.22
1.558.481.93
$1.568,908.15
$ 10,426.22
1.558.431.93
91-568-908-15
$1 571 619.45 _ 1;571,619.45
$1,558,481.93 $ 1.558.481.93
$1j558,481.93 _ 1,558_481.93
$ 13.137.52 $ 13,137.52
University of Kentucky
STATEMENT OF UUNREALIZED INCOME
For the Current Fiscal Period which began
July 1, 1950 and ended August 31, 1950
General Fund
Budget
Estimate
Realized
to Date
Unrealized
Balance
Division of Colleges:
Educational and General:
State appropriations
Federal grants (through
the State)
Student fees
Endowment income
Sales, services & rentals
Subtotal
Auxiliary Enterprises:
Residence halls
Miscellaneous
Subtotal
Total-Colleges
Less-Income allocated to
plant
Net-Colleges
$2,714,400.00 $ 838,750.00 $1,875,650.00
127 , 617.87
1,131,515.00
9,644.50
40Q200.00
87, 617.87
77,239.95
500.00
3,196.74
40,000.00
1,054,275.05
9,144.50
37,003.26
4,023,377.37 1, 007,304.56 $3,0162072.81
$ 337,200.00 $ 35,863.29 $ 301,336.71
93 414.00 461.00 92 953.00
$ 430.614.00 8 36.324 29 $ 394,289,71
$4,453,991.37 $1,043,628.85 3,410,562.52
170,184.00 170,184.00
$4.283.807.37 $ 873,444.85 3
Agricultural Experiment Station:
State appropriations $ 376,550.00
Federal grants (direct) 310,852.21
Sales and services 449,200.00
Total-Experiment Station $1,136,602.21
S
247,130.00
75, 131.80
56,094.27
378. 356.07
$
$
129,420.00
235, 720.41
393,105.73
758.246.14
Agricultural Extension Divisic
State appropriations
Federal grants (direct)
Total-Agricultural
Extension
Total-General Fund
General income allocated
Stores overhead
Total-Plant
Combined Total
on:
aF 406,050.00
1,152,431.93
$ 126,050.00 $ 280,000.00
5, 9.Z 579,240.96
$1.558481 .93 $699 240.97 $ 859,240.96
$698815 $1,951.0418B9 $5.027.849,62
Plant Fund
$ 170,184.00 $ 170,184.00
32 599.00 1,319.56 j 31.279.44
I3 202,783e00 53.56 31.279.44
$7,18,67451 f.122,545.45 $5,059,129.06
University of Kentucky
STATEMENT OF DEPARTMENTAL APPROPRIATIONS
For the Current Fiscal Period which began
July 1, 1950 and ended August 31, 1950
General Fund
Depart.
Approp.
Expendi-
tures
Encum-
brances
Division of Colleges:
Adm. and General
Expense t 309-635.00 $
39,408.00 $
17,094.87 $ 253,132.13
Instruction and Research:
College of -
Arts and Sci. $1,355,652.43
Engineering 382,825.00
Commerce 164,226.00
Agriculture and
Home Economics 211.022.00
Law
Education
Pharmacy
Graduate School
University Res.
Library
66,387.00
290,380.11
82,654.92
10,130.00
30,000.00
233,460.00
University Exten-
sion 122,708.00
Other activities 14,650.00
Subtotal $2.964.095.46
166,867.81
50,430.22
23,488.37
28,421.07
10,483.67
38,648.44
5,970.81
1,800*40
1,179.63
26,385.25
9,724.36
288.29
363668S.32
$ 23,947.89
7,879.88
623.65
1,510.68
89.92
4,751.47
9,570.39
24.36
1,948.70
8,355.87
2,998.30
$ 61,701.11
$1,164,836.73
324,514.90
140,113.93
181,090.25
55,813.41
246,980.20
67,113.72
8,305.24
26,871.67
198,718.88
109,985.34
14,361.71
$2.538,706.03
Operation and Maintenance
of Physical Plant etc.
General approp. $ 691,374.00
Special approps. 70,000.00
Work in progress 25,000.00
General stores,
etc. 27.250.00
Subtotal
Auxiliary Enterpi
Residence halls
Miscellaneous
Subtotal
Total-
$
49,385.14 $
2,625.85
7,830.08
1.138e.24
81,432.90
2,671.50
750.00
560,555.96
64,702.65
17,169.92
25.-36176
489,752.75$ 198.B33.37 $3.784.591.34
Approp.
Balances
813624.00 6097T.31 84.854.40 667700.2 Z
'ises:
2-92,773.00 $ 22,835.05 $ 33,318.51 $ 236,619.44
93.050.00 2,842.07 1,864.48 88,343.45
$ 385,823.00 $ 25.677.12 $ 35,182.99 $ 324 962.89
Colleges $43473.1??.46
, . .
.
University of Kentucky
STATEMENT OF DEPARTMENTAL APPROPRIATIONS
For the Current Fiscal Period which began
July 1, 1950 and ended August 351, 1950
General Fund
Depart.
Approp.
Agricultural Experiment
Station:
Administration $ 150,301.00
Agronomy 171,022.00
Animal Husbandry 74,490.00
Animal Pathology 59,050.00
Creamery license 12,000.00
Dairy 43,335.00
Dairy Cattle improve-
ment 15,000.00
Entomology and
Botany 76,270.00
Farm Economics 57,685.00
Feed and Fertilizerl40,000.00
Home Economics 17,100.00
Horticulture 41,980.00
Markets and Rural
Finance
Poultry
Publications and
Library
Public Service
Laboratories
Regional Research
Robinson Sub-
station
Rural Sociology
Seed Stocks
West Ky.Substation
Miscellaneous
Total-Agri-
cultural
Experiment
85,224.00
31,228.00
22,747.17
32,300.00
10,325.00
22,400.00
32,242.00
7,000.00
40,400.00
235300.00
Expendi-
ture s
$
10;426.67
24,666.92
9,972.43
9,080.62
1,778.21
5,130.15
Encum-
brances
$
2,341.12
11,497.01
9,096.71
11,155.31
2,063.39
6,730.90
11,094.56
4,486.56
962.68
4,515.68
1,321.61
3,074.68
5,687.82
1 ,099.98
4,828.24
2.440.18
Approp.
Balances
7,496.59
2,940.49
13,548.19
131.45
4.95
6,998.85
$
210.64
1,315.90
8,840.71
213.83
1,455.89
425.00
82.47
1,626.32
1,795.48
15.11
132,377.74
143,414.59
50,969.38
49,1337.93
10,216.84
31,206.00
12,448.24
63,457.09
48,588.29
120,003.98
16,036.61
35,035.27
74,129.44
25,285.55
21,359.49
27,701.85
9,003.39
17,699.00
26,554.18
5,900.02
33,776.28
20.844.71
.165399.17 i 143,451.43 $ 47,101.87 $ 974,845.87
$-1
Station
University of Kentucky
STATEMENT OF DEPARTMENTAL APPROPRIATIONS
For the Current Fiscal Period which began
July 1, 1950 and ended August 31, 1950
General Fund
Depart.
Approp.
Expendi-
tures
Encum-
brances
Agricultural Extension Division:
Administration $ 5?,328.00 $
Agr.Engineering 18,840.00
Agronomy 34,087.50
Animal Husbandry 22,260.00
Clothing 12,220.00
County Agents 719,414.44
Dairy 21,010.00
Farm and Home
Convention 1,500.00
Farm Management 13,520f00
Forastry 5,780.00
Foods 11,500.00
Home Dem.Agents 431,030.00
Home Management 26,660.00
Horticulture 17,645.00
Junior Clubs 78,461.99
Markets 13,265.00
Poultry 21,790.00
Publications 13,850.00
Public Informa-
tion 16,850.00
Rural Sociology 5,100.00
Miscellaneous 16,370.00
Total-Agri-
cultural
Extension
Division $1.558.481.93 .
Combined
Total $7,197,058.56 $
$
8,883.91
3,085.87
4,387.64
3,377.61
1,610.39
113,714.24
2,522.34
2,291.94
1,409.26
1,642.76
69,876.02
3,409.57
2,655.64
10,968.83
2,046.92
2,610.74
464.90
2,715.60
854.81
48,444.09
15,754.13
29,699,86
185882.39
10,609.61
605,700.20
18,487.66
1,500.00
11,228.06
4,370.74
9,857.24
361,153.98
23,250.43
14,s89.36
67,493.16
11,2186.08
19,179.26
13,385.10
14,134.40
4,245.19
16,370.00
238,528.99 $1.319.952.94
871,733.17 $ 245,935.24 $6,079,390.15
Approp.
Balances
University of Kentucky
STATEiIENT OF PLANT APPROPRIATIONS
For the Current Fiscal Period which began
July 1, 1950 and ended August 31, 1950
Plant Funds
Dept.
Appro-p.
Division of Colleges:
Expendi-
tures
Encum-
brances
P.W.A.First Bond
Issue $ 36,003.37
P.W.A.Second Bond
Issue 17,071.16
Dorm.Rev.Bond
Issue 23,017.00
Audit-Fieldhouse
issue 114,221.62
Library & Service
Bldg. Bond Iss. 47,130.77
Stadium Rev.Bond
Issue 48,511.95
Journalism Bldg.
Issue 644.45
Dicker House Annuity 263.01
Fieldhouse 28,236.59
Norwood Hall Fire
Loss Balance 15,911.25
Service Bldg.
Constr. 14,900.00
Fine Arts Bldg. 1,981.73
Dairy Center 56.39
Telephone Exchange
Installation 46.67
Journalism Bldg. 25,633.04
Add.to Dairy Prod.
Bldg. 3,106.07
McLean Stad.Improv. 290.34
Sprinkler System 4,443.32
Libr.& Sv.Bldg.
Clearance 20.061.54
Subtotal $ 401,530.27
$ 36,003.37
,
8,540.00
8,531.16
23,017.00
51,343.75
62,877.87
47,130.77
48,511.95
56.00 $
28.00
2,047.00
S
2,075.00 $
644.45
179.01
28,236.59
15,911.25
14,900.00
1l,981.73
1,990.61*
46.67
25,633.04
3,106.07
290.34
4,443.32
20.061.54
339.515.52
Agricultural Experiment Station:
Animal Path.
Bldg.
Repairs and New
Equipment
Greenville Tob.
barn
W.Ky.Tob.Barn
W.Ky.Water
system
Subtotal
Combined
Total
1,787.93
11,213.76
2,000.00
3,400.00
$ 1,787.93
5,131.86
3,920.00
6,081.90
2,000.00
520.00*
4.000.00 4,750.00 750 00*
222,401.69 ________ 13 801.86 $ 8.599.83
S 423,931.96 59,939.75 $ 15876.86 348,115.35
*Expenditures & encumbrances in excess of approp. or negative number.
Free
Balance
-59.939.75 6
F
University of Kentucky
STATEMENT OF OTHER FUND TRANSACTIONS
For the Current Fiscal Period which began
July 1, 1950 and ended August 31, 1950
Balance
July 1. 1950 Receipts
Disburse-
ments
Balance
August 31.1950
Restricted Funds:
Div. of Colleges
Agr.Exp.Station
Agr.Ext.Division
Subtotal
Loan Fund:
Principal
Income
Subtotal
Endowment Funds:
Principal
Income
Subtotal
Agency Funds:
Balances
Combined
Totals
$1,301,510.02
98,891.21
247,236 26
$
79,017.68 $
25, 735.90
22,362.77 _
159,773 72 $1,220,753.98
17,170.97 107,456.14
21180 .57 248,418.46
1.647 637.49 $ 127.116.35 t 198,125.26 1576,628.58
$ 56,297.61 $ 56,297.61
20.923.96 t$ 496.03 21,419.99
A 77.221.57 L 496 _03 $ 77,717.60
$ 198,428.18 $ 198,428.18
2,298.60 $ 8.75 2,307.35
_200_726.78_ $ 8.75 200.735.53
S 80,627.42 $ 55,497.09 $ 69,275.30 0 66,849.21
_2,006,_13.2_ 0 183,118.22 $ 267,400.56 $1.921.930.92
University of Kentucky
STATEMENT OF COMBINED RECEIPTS AND EXPENDITURES
For the Current Fiscal Period which began
July 1, 1950 and ended August 31, 1950
Receipts and Transfers:
General income
Plant income
Restricted receipts
Loan fund receipts
Endowment fund receipts
Agency fund receipts
Total Receipts
$1,951,041.89
171,503.56
127,116.35
496.03
8.75
55,497.09
$2,305,663.67
Expenditures and Transfers (Including Encumbrances):
General fund expenditures
Plant fund expenditures
Restricted fund expenditures
Agency fund expenditures
Total Expenditures
$1,117,668.41
75,816.61
198,125.26
69.275.30
1 460 885.58
University of Kentucky
STATEMENT OF STATE AND FEDERAL ALLOTMENTS
For the Current Fiscal Period which began
July 1, 1950 and ended August 31, 1950
Allotted
to Date
Division of Colleges
Expendi-
tures
Encun-
brance 8
State Allotments:
Current yr. S 838,750.00 $
Prior yrs. 88.926.29
Total _ 927,676.29 S
RevolvinE Funds:
Current yr. $ 130,507.81 $
Prior yrs.bal.1298.679.31
Total $1.429.187.12 T
431,323.50 $
18,379.25
449,702.75 T
46,165.69 $
72,203.31
118.369.00 8
25,096.87 $
69,016.77
94.113-64 9
60,470.25
512,445.77
572.916.02
$
382,329.63
1,530227
383 - 859 . 90
23,871.87
714,030.23
737.902.10
Agricultural Experiment Station
State Allotments:
Current yr. $ 247,130.00 $
Prior yrs. . 315.820.32
Total $ 562.950.32 T
47,1759.90 $
313,337.19
361.097.09 8
2,019.95
958,66
2.978.61
$
S
197,350.15
1,524.47
198.874.62
Federal Allotments:
Current yr. $ 75,131.81 $
Prior yrs.
Total
47,151*01
$ 27,980.79
;Nev 476 . 15 b 309 415e 63 15__060_t_52
399 607.96 T 436064$ _________
Revolving Funds:
Current yr. $ 55,350.86 $
Prior yrs.bal. 448,940.91
Total S 504,291.77 .$
48,540.52 $
48.540e52 $
39,990.68
445605.15
84.595-8.3
$
33,180.34*
404,335.76
371-155.42
Agricultural Extension Division
State Allotments:
Current yr. $ 126,O SO )X.00 $
Prior yrs. 356.613.90
Total $ 482,663.90 3
62,673e46
356,613.90
419.287.36
Federal Allotments:
Current yr. $ 573,190097 $ 175,855.53
Prior yrs. 1.152.431.93 1,139.294.41
Total $1T725,622.90 $1 315 149.94
63,376.54
63.376.54
$ 397,335.44
13 137.52
$ 410.472.96
*Negative number
Free
Balance
The balance sheet and operating statement were examined in some
detail, and upon motion duly made, seconded and carried, the report
of the Comptroller was authorized received and made a part of the min-
utes.
C. Report on the Work of the Board of Control for Southern Re-
gional Education.
President Donovan acquainted members of the Board with the ori-
gin of the Board of Control for Southern Regional Education; He
reported on a Conference held at Daytona Beach, Florida, with repre-
sentatives from schools of the various states in the Southern Region.
He spoke at some length concerning the work of various committees
appointed, one in particular being the Committee to Define the Various
Fields for Graduate Specialties, and advised that he thought the va-
rious schools would be given an opportunity to develop programs of
excellence and be designated as such by the Board of Control of the
Southern Regional Education. He was enthusiastic about the project
for the pooling of the resources of the colleges and universities in
the Southern Region.
Governor Clements informed the Board that the 1950 General Assem-
bly had authorized participation of Kentucky, and that unofficial
observers representing the University and public education in Ken-
tucky had sat in on the various conferences held since the inception
of the idea.
D. The War Situation and Its Effect on the University.
President Donovan briefly reported that the Korean War had af-
fected the enrollment at the University. He stated that he felt
that the drop in enrollment for the first semester of the 1950 school
year was partially due to the large graduating classes of June and
August. He stated that the enrollment for the first semester of
1940-50 was 7,673, whereas enrollment for the first semester of the
current year, as of the night of September 18, was 6,130. It was
stated that late registrants would probably increase the current
enrollment to about 6,500.
E. Report on the University's Activities on Behalf of National
Defense.
President Donovan reported that the University now has an ROTC
Ground Force and an ROTC Air Force, with good enrollments in each.
He reported contracts for research work in the Aeronautical Research
Laboratory and the Chemistry Department, and a working agreement with
the NEPA Division of the Oak Ridge atomic energy plant. He said that
five persons had been assigned to work on the campus and that the Uni-
versity had leased to the NEPA Division of Fairchild Engine & Airplane
Corporation, facilities and the Vandergraft machine. He stated that
15
the University was at the present time contributing materially to the
national defense, and that he would not be surprised if the University
in the next few months gradually increased its activities on behalf of
the national defense.
F. Report of the Committee Studying the Patterson Will.
President Donovan and Mr. Guy A. Huguelet were appointed a commit-
tee to confer with Mr. Ed Dabney, president of the Security Trust Com-
pany, executor of the James K. Patterson will, relative to that part
of the will establishing the trust fund for the purpose of endowing a
College of Diplomacy at the University.
President Donovan reported that he and Mr. Huguelet had conferred
with Mr. Dabney and found him very sympathetic and understanding of the
position taken by the University. Mr. Dabney had requested an opinion
of the trust attorney for the bank and had expected to have a report
for the Board at this time, but due to illness of the attorney, he was
unable to give the Board any report, and requested an extension of
time.
Upon motion duly made, seconded and carried, the report of the
Committee was received and the request granted.
G. Organ in Memorial Hall Authorized Replaced.
President Donovan stated that he had received many complaints con-
cerning the organ in Memorial Hall which was installed in 1929. He
stated that the organ had been in constant use since its installation
and had served as a practice organ for the Department of Music, as well
as for the various functions held in Memorial Hall.
He stated that Mr. Peterson, Comptroller, and Doctor Stein, head
of the Department of Music, had been requested to secure a report from
a competent, unbiased source as to the present condition of the organ.
Mr. Charles L. Higgs, Cincinnati, Ohio, was engaged to examine the or-
gan and ascertain the cost of repairing worn-out parts of the exist-
ing organ, and to make a recommendation as to whether to repair the
existing organ or discard same and purchase a new instrument. Mr.
Higgs reported that it would cost $7,525.00 to repair the existing
organ, but that, when repaired, It would still be an obsolete instru-
ment, and recommended that a new modern-type organ be installed.
The opinion of Professor Arnold Blackburn, University organist,
was requested, and he recommended that the old organ be discarded and
a new one installed. A similar recommendation was made by Mrs. Lela
Cullis, instructor of music. Mrs. Cullis has played the existing
organ since its installation in 1929, and is probably more familiar
with this instrument than any other person.
President Donovan stated that the weight of evidence in favor of
disposing of the present organ and installing a new one had led him to
the conclusion that he should recommend the purchase of a new organ,
and suggested that the sum of $35,000.00 be appropriated from the Hag-
gin Fund for this purpose.
Upon motion duly made, seconded and carried, the recommendation
of the President was concurred in, the sum of $35,000.00 was author-
ized appropriated from the Haggin Fund for the purchase of a new organ,
and the Comptroller was directed to secure specifications and purchase
the best organ obtainable for the amount of money appropriated, and
have same installed in Memorial Hall.
H. _-H Club Camp at Dawson Springs.
President Donovan reported that the Congress had made it possible,
by enactment of public law, for the State Park Commissioner to trans-
fer Dawson Springs park property to the University of Kentucky, to be
used as a 4-H Club Camp. He stated that, during the past few months,
Dean Cooper and others have been giving a great deal of consideration
to the development and use of t1-' property, and that it will require
a considerable investment to provide the necessary equipment and to
organize the work effectively.
President Donovan reported that Dean Cooper had asked the Assis-
tant County 4-H Club Agent in Hopkins County to assume additional du-
ties and handle the various matters in connection with the development
of the property. He reported that the leading citizens of Dawson
Springs have been and are exceedingly helpful in our attempts to de-
velop the 4-H Club camp.
Dean Cooper submitted a tentative estimate of cost of providing
buildings, equipment, electrical and sanitary facilities, and play-
ground areas, aggregating $72,850.00, and stated that he was optimist-
ic that a part of these funds might be secured through solicitation
of funds to assist in developing the camp and its needed facilities.
President Donovan stated that he desired the Board to be advised
as to the progress being made and the problems encountered, and recom-
mended that Dean Cooper be authorized to solicit funds needed.
Upon motion duly made, seconded and carried, the recommendation
of the President was concurred in,
I. Dormitory Revenue Bond (45 Rose Street) Issue Authorized.
Mr. Peterson reported that the Alumnae Committee of Lambda Alpha
of Chi Omega had secured from the University, with the approval of the
Board of Trustees and the State Property and Building Commission, an
offer to purchase land and building at 456 Rose Street in Lexington,
Ky. The Alumnae Committee of Lambda Alpha of Chi Omega has offered
to sell this property to the University for the sum of $74,500.00.
The Comptroller estimated that the property on the present mar-
ket and based upon current construction costs was valued at approxi-
mately $100,000.00. He stated that the building had been built ac-
cording to plans and specifications provided by Robert W. McMeekin,
architect. He recommended that building revenue bonds be issued
under Chapter 58 of the Kentucky Revised Statutes to provide the neces-
sary funds with which to purchase this property. He stated that the
Resolution authorizing the bond issue had been examined by the Attorn-
ey General and read the following letter approving the bond order and
Resolution.
September 11, I950
Wyatt, Grafton & Grafton
Attorneys at Law
Marion E. Taylor Building
Louisville. Kentucky
Attention: Mr. Cornelius W. Grafton
Re: $74,500 "University of Kentucky
Dormitory Revenue Bonds
(456 Rose Street)"
Dear Mr. Grafton:
I have your letter of September 8, and the enclosed
Bond Order adopted by the University of Kentucky provid-
ing for the issuance, sale and delivery of Revenue Bonds
to pay the costs of acquiring a dormitory at 456 Rose
Street in Lexington, Kentucky.
I am fully aware of the transaction heretofore had in
regard to this project and I am sure that this will solve
the problem connected therewith.
I have examined the Bond Order and Resolution and I
find nothing therein that I would suggest changed. It
seems to me that you have fully covered all points in
this Resolution and when adopted, the University of Ken-
tucky can legally issue the bonds hereinabove mentioned.
I hereby approve the Resolution.
Very truly yours,
(Signed) A. E. Funk
ATTORNEY GENERAL.
is
Mr. Guy A. Huguelet introduced and caused to be read in full a
proposed resolution entitled "A Resolution o