Minutes of the Meeting of the Board of Trustees of the University of
Kentucky, December 12, 1961.


     The Board of Trustees of the University of Kentucky met in the President's
Office on the campus of the University at 10:05 a.m., CST, Tuesday, December
12, 1961, in regular meeting, with the following members present: Dr. Ralph
J. Angelucci, Dr. R. W. Bushart, Robert H. Hillenmeyer, J. Stephen Watkins,
Harper Gatton, Sam Ezelle, Dr. H. B. Murray, Clifford Smith, Dr. Paul B.
Hall, Floyd H. Wright and Dr. Aubrey J. Brown.  Absent: Governor Bert
Combs, W. F. Foster, Wendell Butler, Emerson Beauchamp, Smith D. Broad-
bent, Jr. and Dr. Thomas D. Clark. President Frank G. Dickey and Vice
President Frank D. Peterson, Secretarypf the Board, were also present. Mr.
Ed Fossett, Assistant to Governor Combs, sat with the Board as a representa-
tive of the Governor's Office.


     A. Meeting Opened.

     Dr. Angelucci, Vice Chairman, in the absence of Governor Bert Combs,
Chairman of the Board, opened the meeting and called upon the Reverend Donald
Leak, Director4the Y. M. C. A. and Coordinator of Religious Life on the
Campus of the University, to open the meeting with prayer,




     B. Financial Report.

     Mr. Peterson, Vice President, Business Administration, and Treasurer
of the University, made the financial report as follows: