xt76t14tj538 https://exploreuk.uky.edu/dips/xt76t14tj538/data/mets.xml Lexington, Kentucky University of Kentucky 1968113 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, 1968-11-dec3-ec. text Minutes of the University of Kentucky Board of Trustees, 1968-11-dec3-ec. 1968 2011 true xt76t14tj538 section xt76t14tj538 







       Minutes of the Mee& rE of the Executive Committee of the Board of
Trustees of the University of Kentucky, held in the Board Room, Adminis-
tration Building, on the c;l:mpus of the University of Kentucky, on Tuesday,
December 3, 1968, at 10:45 o'clock, Eastern Standard Time


       The following members of the Executive Committee were present:
Ralph J. Angelucci, Harry Denhbn, Robert H. Hjllenme r Richard E.
Cooper and Sam Ezelle, Secretary Ex Officio.

       The following members were absent: Smith Broadbent, Jr.


       A. Meeting Opened

       The meeting was called to order at 10:45 A. M. The Secretary
announced that a quorum was present and Dr. AnLelucci, Chairman and
presiding officer, declared the meeting officially open for the conduct of
business at 10:47 A. M.


       B. Bids on Revenue Bond Anticipation Notes

       Mr. G. J. Ruschlal, Business Manager of the University, announced
that the following bids had been received for the University's $33, 200, 000
Revenue Bond Anticipation (Renewal) Notes, dated December 12, 1968,
maturing December 12, 1969:

       (a) The Chase Manhattan Bank, N. A.,
          $3, 000, 000 at 99. 75 for 4-7/8%

       (b) First National City Bank, New York,
          and Bank of America (N. T. & S. A.)
          $12, 500, 000 at par for 4. 45%
          $ 2, 500, 000 at par for 4. 50%

      (c) John Nuveen & Co., (Inc. ),
          The First National Bank of Boston and
          Liberty National Bank & Trust Company of Louisville
          $33, 200, 000 at 99. 82 for 4. 50%'o

      (d) Chemical Bank New York Trust Company
          $15, 000, 000 at par for 4-3/8%

      Mr. Robert F. Kerley, Vice-President, Business Affairs and
Treasurer of the University recommended that the bids be accepted as
follows:




 





2.



       $15, 000, 000 to Chemical Bank New York Trust Company
             at par for 4-3/8%

       $15, 000, 000 to First National City Bank, New York, and
             Bank of America (N. T. & S. A.):
             $12, 500, 000 at par for 4. 45%
             $ 2, 500, 000 at par for 4. 50%

       $ 3, 200, 000 to John Nuveen & Co., (Inc. ) and Associates
             at 99. 82 for 4. 50%

       Upon motion of Dr. Denlaum, seconded by Mr. Hilleme-yer, the
Executive Committee unanimously voted to accept Mr. Kerley's recommenda-
tion as to the award of bids, the notes to be issued in such denominations
(each a multiple of $5, 000. 00) as the purchasers may request.


      The Chairman, having first determined that there was no further
business to come before the meeting, called for a motion for adjournment.
Adjournment was moved by Mr. Hillenmneypr and seconded by Mr. Cooper.
Without objection the meeting was adjourned at 11:50 A. M., Eastern Standard
Time.

                                  Respectfully submitted,


(SEAL)
                                  Sam Ezelle, Secretary